BDJ vs IVV
Blackrock Enhanced Equity Dividend Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. BDJ delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BDJ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.84% | 0.03% | |
| AUM | $1.8B | $865.2B | |
| Dividend Yield | 8.39% | 1.09% | |
| Holdings | 307 | 508 | |
| YTD Return | +10.68% | +13.43% | |
| 1Y Return | +22.85% | +22.61% | |
| 3Y Return (annualized) | +16.48% | +21.47% | |
| 5Y Return (annualized) | +9.23% | +13.26% | |
| Volatility (annualized) | 17.5% | 15.1% | |
| Max Drawdown | -67.3% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 26, 2005 | May 15, 2000 |
BDJ vs IVV Performance
Blackrock Enhanced Equity Dividend Trust (BDJ) 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 BDJ returned +22.85% while IVV returned +22.61%. Year to date, BDJ is up 10.68% versus a gain of 13.43% for IVV.
Over three years, BDJ compounded at +16.48% per year against +21.47% for IVV; over five years the annualized figures are +9.23% and +13.26% respectively. Across the full 21-year window we track, IVV has the edge at +7.03% annualized vs +0.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDJ has been the more volatile fund, with annualized monthly volatility of 17.5% 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 -67.3% for BDJ 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
BDJ charges 0.84% per year while IVV charges 0.03%. On a $10,000 position that is $84 vs $3 annually, a gap of $81 per year that compounds over a long holding period. On income, BDJ currently yields 8.39% against 1.09% for IVV.
Holdings Overlap
BDJ and IVV share 61 holdings out of 529 unique holdings combined, representing a 20.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BDJ or IVV?
BDJ has an expense ratio of 0.84% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, BDJ or IVV?
Over the past year BDJ returned +22.85% vs +22.61% for IVV, so BDJ leads on 1-year performance. Over the longest common window we track (21 years), BDJ annualized +0.46% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BDJ or IVV?
BDJ has been the more volatile fund at 17.5% annualized versus 15.1% for IVV. Worst drawdown: BDJ -67.3% vs IVV -56.5%.
Should I hold both BDJ and IVV?
BDJ 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 BDJ and IVV?
BDJ and IVV share 61 common holdings with a 20.5% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, BDJ or IVV?
BDJ yields 8.39% while IVV yields 1.09%, so BDJ currently pays the higher dividend yield.
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