AFIF vs IVV
Anfield Universal Fixed Income ETF vs iShares Core S&P 500 ETF
Which is better, AFIF or IVV?
Diversified Sectoral Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | AFIF | IVV |
|---|---|---|
| Expense Ratio | 0.85% | 0.03%Best |
| AUM | $302M | $876.4B |
| Dividend Yield | 3.92% | 1.06% |
| Holdings | 326 | 508 |
| YTD Return | +0.95% | +14.15%Best |
| 1Y Return | +2.71% | +17.31%Best |
| 3Y Return (annualized) | +6.01% | +23.17%Best |
| 5Y Return (annualized) | +3.53% | +13.85%Best |
| Volatility (annualized) | 2.8%Best | 16.9% |
| Max Drawdown | -11.3%Best | -33.9% |
| $10,000 over 5 years | $11,894 | $19,128Best |
| Fund Family | Horizon Funds | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Diversified Sectoral Bond | Large Cap Blend |
| Inception | Sep 18, 2018 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 18, 2018 to Sep 21, 2026 (8 years).
AFIF 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 8 years both funds cover.
AFIF vs IVV Performance
Anfield Universal Fixed Income ETF (AFIF) is an ETF from Horizon Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year AFIF returned +2.71% while IVV returned +17.31%. Year to date, AFIF is up 0.95% versus a gain of 14.15% for IVV.
Over three years, AFIF compounded at +6.01% per year against +23.17% for IVV; over five years the annualized figures are +3.53% and +13.85% respectively. Across the full 8-year window we track, IVV has the edge at +14.07% annualized vs +1.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.9% 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 -33.9% 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 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AFIF charges 0.85% per year while IVV charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, AFIF currently yields 3.92% against 1.06% for IVV.
Holdings Overlap
At least 0.5% of IVV's money is in holdings AFIF also owns.
Stated as a floor: for AFIF, our book for it covers 46.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 88 positions we hold weights for in AFIF and 490 in IVV, against full books of 326 and 508.
You are not choosing between two funds in isolation.
Whichever of AFIF and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AFIF or IVV?
AFIF has an expense ratio of 0.85% while IVV charges 0.03%. IVV is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, AFIF or IVV?
Over the past year AFIF returned +2.71% vs +17.31% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), AFIF annualized +1.90% vs +14.07% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AFIF or IVV?
IVV has been the more volatile fund at 16.9% annualized versus 2.8% for AFIF. Worst drawdown: AFIF -11.3% vs IVV -33.9%.
Should I hold both AFIF and IVV?
AFIF and IVV have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AFIF or IVV?
AFIF yields 3.92% while IVV yields 1.06%, so AFIF currently pays the higher dividend yield.
Is IVV better than AFIF?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.