ALTY vs IVV
Global X Alternative 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 508 holdings.
Side-by-Side Comparison
| Metric | ALTY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $47M | $907.0B | |
| Dividend Yield | 7.47% | 1.10% | |
| Holdings | 40 | 508 | |
| YTD Return | +7.87% | +12.28% | |
| 1Y Return | +13.94% | +20.94% | |
| 3Y Return (annualized) | +12.79% | +21.81% | |
| 5Y Return (annualized) | +5.86% | +13.05% | |
| Volatility (annualized) | 16.2% | 15.1% | |
| Max Drawdown | -60.1% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 13, 2015 | May 15, 2000 |
ALTY vs IVV Performance
Global X Alternative Income ETF (ALTY) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ALTY returned +13.94% while IVV returned +20.94%. Year to date, ALTY is up 7.87% versus a gain of 12.28% for IVV.
Over three years, ALTY compounded at +12.79% per year against +21.81% for IVV; over five years the annualized figures are +5.86% and +13.05% respectively. Across the full 11-year window we track, IVV has the edge at +6.98% annualized vs +1.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALTY has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -60.1% for ALTY 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALTY charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, ALTY currently yields 7.47% against 1.10% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, ALTY or IVV?
ALTY has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, ALTY or IVV?
Over the past year ALTY returned +13.94% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), ALTY annualized +1.87% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, ALTY or IVV?
ALTY has been the more volatile fund at 16.2% annualized versus 15.1% for IVV. Worst drawdown: ALTY -60.1% vs IVV -56.5%.
Should I hold both ALTY and IVV?
ALTY and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALTY and IVV?
ALTY and IVV share 2 common holdings with a 0.1% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, ALTY or IVV?
ALTY yields 7.47% while IVV yields 1.10%, so ALTY currently pays the higher dividend yield.
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