AFGR vs IVV
First Trust Active Factor Large Cap Growth ETF vs iShares Core S&P 500 ETF
Which is better, AFGR or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 47.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AFGR | IVV |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $92M | $876.4B |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 74 | 508 |
| YTD Return | +5.24% | +12.27%Best |
| 1Y Return | +2.92% | +17.04%Best |
| 3Y Return (annualized) | +20.62% | +21.24%Best |
| 5Y Return (annualized) | +5.58% | +13.08%Best |
| Volatility (annualized) | 20.9% | 15.5%Best |
| Max Drawdown | -46.0% | -24.5%Best |
| $10,000 over 5 years | $13,119 | $18,490Best |
| Top 10 Weight | 47.2% | 37.8%Best |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jul 20, 2020 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jul 22, 2020 to Sep 17, 2026 (6.2 years).
AFGR vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.2 years both funds cover.
AFGR vs IVV Performance
First Trust Active Factor Large Cap Growth ETF (AFGR) is an ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year AFGR returned +2.92% while IVV returned +17.04%. Year to date, AFGR is up 5.24% versus a gain of 12.27% for IVV.
Over three years, AFGR compounded at +20.62% per year against +21.24% for IVV; over five years the annualized figures are +5.58% and +13.08% respectively. Across the full 6-year window we track, IVV has the edge at +16.21% annualized vs +10.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AFGR has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 15.5% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.0% for AFGR and -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AFGR charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, AFGR currently yields 0.00% against 1.06% for IVV.
Holdings Overlap
93.2% of AFGR's money is in holdings IVV also owns. 52.1% of IVV's money is in holdings AFGR also owns.
Most of AFGR is already inside IVV. Owning both mostly buys the same companies twice.
66 positions in common, counted across the 73 positions we hold weights for in AFGR and 490 in IVV, against full books of 74 and 508.
What only one of them owns
Measured across the 73 and 490 positions we hold weights for.
IVV holds 416 positions AFGR does not, 46.5% of the fund.
Largest: GOOG 2.39%, JPM 1.44%, XOM 1.01%, WMT 0.69%, ABBV 0.68%
Top Shared Holdings
| Stock | Weight in AFGR | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.81% | 8.07% | 2.74% |
| GOOGLAlphabet Inc,class A | 10.82% | 3.00% | 7.82% |
| AAPLApple, Inc | 4.22% | 7.02% | 2.80% |
| MSFTMicrosoft Corp | 4.34% | 5.69% | 1.35% |
| AMZNAmazon.Com Inc | 3.56% | 3.84% | 0.28% |
| AVGOBroadcom Inc | 3.73% | 2.65% | 1.08% |
| METAMeta Platforms Inc | 3.37% | 1.90% | 1.47% |
| JNJJohnson & Johnson - Common | 2.17% | 0.97% | 1.20% |
| VVisa Inc Class A | 2.12% | 0.95% | 1.17% |
| LLYEli Lilly & Co. | 1.64% | 1.38% | 0.26% |
93.2% of AFGR is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, AFGR or IVV?
AFGR has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, AFGR or IVV?
Over the past year AFGR returned +2.92% vs +17.04% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), AFGR annualized +10.66% vs +16.21% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AFGR or IVV?
AFGR has been the more volatile fund at 20.9% annualized versus 15.5% for IVV. Worst drawdown: AFGR -46.0% vs IVV -24.5%.
Should I hold both AFGR and IVV?
AFGR and IVV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AFGR and IVV?
93.2% of AFGR's money is in holdings IVV also owns. 52.1% of IVV's is in holdings AFGR also owns. They hold 66 positions in common, counted across the 73 positions we hold weights for in AFGR and 490 in IVV.
Which pays a higher dividend, AFGR or IVV?
AFGR yields 0.00% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than AFGR?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.