BCAT vs IVV
BlackRock Capital Allocation Term Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. BCAT delivered stronger 1-year returns. BCAT offers more diversification with 917 holdings.
Side-by-Side Comparison
| Metric | BCAT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.41% | 0.03% | |
| AUM | $1.6B | $907.0B | |
| Dividend Yield | 22.04% | 1.10% | |
| Holdings | 917 | 508 | |
| YTD Return | +27.13% | +13.22% | |
| 1Y Return | +32.18% | +21.62% | |
| 3Y Return (annualized) | +23.04% | +22.17% | |
| 5Y Return (annualized) | +9.18% | +13.42% | |
| Volatility (annualized) | 14.8% | 15.1% | |
| Max Drawdown | -36.1% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 25, 2020 | May 15, 2000 |
BCAT vs IVV Performance
BlackRock Capital Allocation Term Trust (BCAT) is a ETF from BlackRock, Inc. (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BCAT returned +32.18% while IVV returned +21.62%. Year to date, BCAT is up 27.13% versus a gain of 13.22% for IVV.
Over three years, BCAT compounded at +23.04% per year against +22.17% for IVV; over five years the annualized figures are +9.18% and +13.42% respectively. Across the full 6-year window we track, BCAT has the edge at +9.39% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.8% for BCAT. 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 -36.1% for BCAT 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
BCAT charges 1.41% per year while IVV charges 0.03%. On a $10,000 position that is $141 vs $3 annually, a gap of $138 per year that compounds over a long holding period. On income, BCAT currently yields 22.04% against 1.10% for IVV.
Holdings Overlap
BCAT and IVV share 91 holdings out of 730 unique holdings combined, representing a 30.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BCAT or IVV?
BCAT has an expense ratio of 1.41% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $138 per year of difference.
Which performed better, BCAT or IVV?
Over the past year BCAT returned +32.18% vs +21.62% for IVV, so BCAT leads on 1-year performance. Over the longest common window we track (6 years), BCAT annualized +9.39% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, BCAT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.8% for BCAT. Worst drawdown: BCAT -36.1% vs IVV -56.5%.
Should I hold both BCAT and IVV?
BCAT 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 BCAT and IVV?
BCAT and IVV share 91 common holdings with a 30.4% weight overlap. Combined, they hold 730 unique securities.
Which pays a higher dividend, BCAT or IVV?
BCAT yields 22.04% while IVV yields 1.10%, so BCAT currently pays the higher dividend yield.
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