ALTL vs IVV
Pacer Lunt Large Cap Alternator ETF vs iShares Core S&P 500 ETF
Which is better, ALTL or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. ALTL is less concentrated, with 12.5% of the fund in its ten largest positions against 37.9%.
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 | ALTL | IVV |
|---|---|---|
| Expense Ratio | 0.60% | 0.03%Best |
| AUM | $91M | $886.7B |
| Dividend Yield | 0.95% | 1.10% |
| Holdings | 102 | 508 |
| YTD Return | +8.12% | +13.39%Best |
| 1Y Return | +15.16% | +20.08%Best |
| 3Y Return (annualized) | +8.73% | +21.29%Best |
| 5Y Return (annualized) | +2.53% | +12.88%Best |
| Volatility (annualized) | 19.9% | 15.5%Best |
| Max Drawdown | -31.9% | -24.5%Best |
| $10,000 over 5 years | $11,331 | $18,327Best |
| Top 10 Weight | 12.5%Best | 37.9% |
| Fund Family | Pacer ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 24, 2020 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 25, 2020 to Sep 4, 2026 (6.2 years).
ALTL 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.
ALTL vs IVV Performance
Pacer Lunt Large Cap Alternator ETF (ALTL) is an ETF from Pacer ETFs and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year ALTL returned +15.16% while IVV returned +20.08%. Year to date, ALTL is up 8.12% versus a gain of 13.39% for IVV.
Over three years, ALTL compounded at +8.73% per year against +21.29% for IVV; over five years the annualized figures are +2.53% and +12.88% respectively. Across the full 6-year window we track, IVV has the edge at +17.46% annualized vs +12.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALTL has been the more volatile fund, with annualized monthly volatility of 19.9% 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 -31.9% for ALTL 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 0.70. 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
98.1% of ALTL's money is in holdings IVV also owns. 17.3% of IVV's money is in holdings ALTL also owns.
Most of ALTL is already inside IVV. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 101 positions we hold weights for in ALTL and 505 in IVV, against full books of 102 and 508.
What only one of them owns
Measured across the 101 and 505 positions we hold weights for.
IVV holds 399 positions ALTL does not, 82.1% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
Top Shared Holdings
| Stock | Weight in ALTL | Weight in IVV | Difference |
|---|---|---|---|
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.33% | 1.43% | 0.10% |
| JPMJpmorgan Chase | 0.99% | 1.45% | 0.46% |
| JNJJohnson & Johnson - Common | 1.24% | 0.93% | 0.31% |
| VVisa Inc Class A | 0.97% | 0.92% | 0.05% |
| KOCoca Cola Co. | 1.23% | 0.51% | 0.72% |
| MAMastercard Inc | 0.98% | 0.69% | 0.29% |
| BACBank of America Corp.: Financials | 1.01% | 0.62% | 0.39% |
| COSTCostco Wholesale Corp. | 0.96% | 0.63% | 0.33% |
| PGProcter & Gamble Company | 1.05% | 0.51% | 0.54% |
| WMTWalmart, Inc. | 0.72% | 0.74% | 0.02% |
98.1% of ALTL 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.
Free for up to 10 holdings. No account needed.
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, by $57 a year on a $10,000 investment.
Which performed better, ALTL or IVV?
Over the past year ALTL returned +15.16% vs +20.08% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), ALTL annualized +12.24% vs +17.46% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALTL or IVV?
ALTL has been the more volatile fund at 19.9% annualized versus 15.5% for IVV. Worst drawdown: ALTL -31.9% vs IVV -24.5%.
Should I hold both ALTL and IVV?
ALTL and IVV have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ALTL and IVV?
98.1% of ALTL's money is in holdings IVV also owns. 17.3% of IVV's is in holdings ALTL also owns. They hold 98 positions in common, counted across the 101 positions we hold weights for in ALTL and 505 in IVV.
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.
Is IVV better than ALTL?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. ALTL is less concentrated, with 12.5% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.