BCLO vs IVV
iShares BBB-B CLO Active ETF vs iShares Core S&P 500 ETF
Which is better, BCLO or IVV?
Bank Loan against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | BCLO | IVV |
|---|---|---|
| Expense Ratio | 0.45% | 0.03%Best |
| AUM | $84M | $876.4B |
| Dividend Yield | 6.57% | 1.06% |
| Holdings | 54 | 508 |
| YTD Return | +4.38% | +11.57%Best |
| 1Y Return | +6.13% | +17.57%Best |
| 3Y Return (annualized) | - | +20.71% |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 3.0%Best | 13.0% |
| Max Drawdown | -3.9%Best | -18.8% |
| $10,000 over 1.6 years | $11,145 | $12,736Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Blend |
| Inception | Jan 29, 2025 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jan 30, 2025 to Sep 10, 2026 (1.6 years).
BCLO 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 1.6 years both funds cover.
BCLO vs IVV Performance
iShares BBB-B CLO Active ETF (BCLO) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year BCLO returned +6.13% while IVV returned +17.57%. Year to date, BCLO is up 4.38% versus a gain of 11.57% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 3.0% for BCLO. 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 -3.9% for BCLO and -18.8% 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BCLO charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, BCLO currently yields 6.57% against 1.06% for IVV.
Holdings Overlap
At least 0.2% of IVV's money is in holdings BCLO also owns.
Stated as a floor: for BCLO, our book for it covers 7.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 5 positions we hold weights for in BCLO and 505 in IVV, against full books of 54 and 508.
Top Shared Holdings
| Stock | Weight in BCLO | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 1.73% | 0.18% | 1.55% |
You are not choosing between two funds in isolation.
Whichever of BCLO and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BCLO or IVV?
BCLO has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, BCLO or IVV?
Over the past year BCLO returned +6.13% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), BCLO annualized +7.01% vs +16.32% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BCLO or IVV?
IVV has been the more volatile fund at 13.0% annualized versus 3.0% for BCLO. Worst drawdown: BCLO -3.9% vs IVV -18.8%.
Should I hold both BCLO and IVV?
BCLO and IVV have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BCLO or IVV?
BCLO yields 6.57% while IVV yields 1.06%, so BCLO currently pays the higher dividend yield.
Is IVV better than BCLO?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.