ALTL vs IVV
Pacer Lunt Large Cap Alternator 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 508 holdings.
Side-by-Side Comparison
| Metric | ALTL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $92M | $907.0B | |
| Dividend Yield | 0.95% | 1.10% | |
| Holdings | 102 | 508 | |
| YTD Return | +10.72% | +14.29% | |
| 1Y Return | +18.57% | +21.79% | |
| 3Y Return (annualized) | +10.10% | +22.19% | |
| 5Y Return (annualized) | +2.77% | +13.28% | |
| Volatility (annualized) | 20.0% | 15.1% | |
| Max Drawdown | -31.9% | -56.5% | |
| Fund Family | Pacer ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 24, 2020 | May 15, 2000 |
ALTL vs IVV Performance
Pacer Lunt Large Cap Alternator ETF (ALTL) is a ETF from Pacer ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ALTL returned +18.57% while IVV returned +21.79%. Year to date, ALTL is up 10.72% versus a gain of 14.29% for IVV.
Over three years, ALTL compounded at +10.10% per year against +22.19% for IVV; over five years the annualized figures are +2.77% and +13.28% respectively. Across the full 6-year window we track, ALTL has the edge at +12.80% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALTL has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 15.1% 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 -31.9% for ALTL 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALTL charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, ALTL currently yields 0.95% against 1.10% for IVV.
Holdings Overlap
ALTL and IVV share 97 holdings out of 509 unique holdings combined, representing a 19.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ALTL or IVV?
ALTL has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, ALTL or IVV?
Over the past year ALTL returned +18.57% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), ALTL annualized +12.80% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, ALTL or IVV?
ALTL has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: ALTL -31.9% vs IVV -56.5%.
Should I hold both ALTL and IVV?
ALTL and IVV have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALTL and IVV?
ALTL and IVV share 97 common holdings with a 19.8% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, ALTL or IVV?
ALTL yields 0.95% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.