AREA vs IVV
Harbor AlphaEdge Next Generation REITs 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 | AREA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $2M | $907.0B | |
| Dividend Yield | 0.66% | 1.10% | |
| Holdings | 86 | 508 | |
| YTD Return | +8.88% | +12.96% | |
| 1Y Return | +7.75% | +20.70% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 13.0% | 15.1% | |
| Max Drawdown | -21.1% | -56.5% | |
| Fund Family | Harbor Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 3, 2024 | May 15, 2000 |
AREA vs IVV Performance
Harbor AlphaEdge Next Generation REITs ETF (AREA) is a ETF from Harbor Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AREA returned +7.75% while IVV returned +20.70%. Year to date, AREA is up 8.88% versus a gain of 12.96% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.0% for AREA. 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 -21.1% for AREA 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AREA 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, AREA currently yields 0.66% against 1.10% for IVV.
Holdings Overlap
AREA and IVV share 15 holdings out of 528 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AREA or IVV?
AREA 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, AREA or IVV?
Over the past year AREA returned +7.75% vs +20.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), AREA annualized +1.50% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, AREA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.0% for AREA. Worst drawdown: AREA -21.1% vs IVV -56.5%.
Should I hold both AREA and IVV?
AREA and IVV have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AREA and IVV?
AREA and IVV share 15 common holdings with a 1.1% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, AREA or IVV?
AREA yields 0.66% 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.