AFIF vs IVV
Anfield Universal Fixed Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AFIF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.08% | 0.03% | |
| AUM | $276M | $865.2B | |
| Dividend Yield | 3.73% | 1.09% | |
| Holdings | 317 | 508 | |
| YTD Return | +1.22% | +13.72% | |
| 1Y Return | +3.67% | +21.64% | |
| 3Y Return (annualized) | +6.61% | +21.55% | |
| 5Y Return (annualized) | +3.65% | +13.27% | |
| Volatility (annualized) | 2.8% | 15.1% | |
| Max Drawdown | -11.3% | -56.5% | |
| Fund Family | Horizon Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 18, 2018 | May 15, 2000 |
AFIF vs IVV Performance
Anfield Universal Fixed Income ETF (AFIF) is a ETF from Horizon Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AFIF returned +3.67% while IVV returned +21.64%. Year to date, AFIF is up 1.22% versus a gain of 13.72% for IVV.
Over three years, AFIF compounded at +6.61% per year against +21.55% for IVV; over five years the annualized figures are +3.65% and +13.27% respectively. Across the full 8-year window we track, IVV has the edge at +7.04% annualized vs +1.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.8% for AFIF. 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 -11.3% for AFIF and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AFIF charges 1.08% per year while IVV charges 0.03%. On a $10,000 position that is $108 vs $3 annually, a gap of $105 per year that compounds over a long holding period. On income, AFIF currently yields 3.73% against 1.09% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, AFIF or IVV?
AFIF has an expense ratio of 1.08% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $105 per year of difference.
Which performed better, AFIF or IVV?
Over the past year AFIF returned +3.67% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), AFIF annualized +1.96% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, AFIF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.8% for AFIF. Worst drawdown: AFIF -11.3% vs IVV -56.5%.
Should I hold both AFIF and IVV?
AFIF and IVV have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AFIF and IVV?
AFIF and IVV share 2 common holdings with a 0.5% weight overlap. Combined, they hold 592 unique securities.
Which pays a higher dividend, AFIF or IVV?
AFIF yields 3.73% while IVV yields 1.09%, so AFIF currently pays the higher dividend yield.
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