BCLO vs IVV
iShares BBB-B CLO Active 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 | BCLO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $84M | $907.0B | |
| Dividend Yield | 6.57% | 1.10% | |
| Holdings | 54 | 508 | |
| YTD Return | +3.89% | +12.28% | |
| 1Y Return | +6.01% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 2.9% | 15.1% | |
| Max Drawdown | -3.9% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 29, 2025 | May 15, 2000 |
BCLO vs IVV Performance
iShares BBB-B CLO Active ETF (BCLO) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BCLO returned +6.01% while IVV returned +20.94%. Year to date, BCLO is up 3.89% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.9% 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 -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 0.76. 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 1.10% for IVV.
Holdings Overlap
BCLO and IVV share 1 holdings out of 509 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BCLO | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 1.73% | 0.15% | 1.58% |
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. On a $10,000 investment, that is $42 per year of difference.
Which performed better, BCLO or IVV?
Over the past year BCLO returned +6.01% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), BCLO annualized +6.95% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, BCLO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.9% for BCLO. Worst drawdown: BCLO -3.9% vs IVV -56.5%.
Should I hold both BCLO and IVV?
BCLO and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BCLO and IVV?
BCLO and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, BCLO or IVV?
BCLO yields 6.57% while IVV yields 1.10%, so BCLO currently pays the higher dividend yield.
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