BIV vs IVV
Vanguard Intermediate-Term Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV delivered stronger 1-year returns. BIV offers more diversification with 2101 holdings.
Side-by-Side Comparison
| Metric | BIV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $29.3B | $865.2B | |
| Dividend Yield | 4.18% | 1.09% | |
| Holdings | 2,321 | 508 | |
| YTD Return | -0.92% | +13.72% | |
| 1Y Return | +1.54% | +21.64% | |
| 3Y Return (annualized) | +4.56% | +21.55% | |
| 5Y Return (annualized) | -0.20% | +13.27% | |
| Volatility (annualized) | 5.7% | 15.1% | |
| Max Drawdown | -20.3% | -56.5% | |
| Fund Family | Vanguard (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 3, 2007 | May 15, 2000 |
BIV vs IVV Performance
Vanguard Intermediate-Term Bond ETF (BIV) is a ETF from Vanguard (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BIV returned +1.54% while IVV returned +21.64%. Year to date, BIV is down 0.92% versus a gain of 13.72% for IVV.
Over three years, BIV compounded at +4.56% per year against +21.55% for IVV; over five years the annualized figures are -0.20% and +13.27% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs +0.98%. 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 5.7% for BIV. 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 -20.3% for BIV 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BIV charges 0.03% per year while IVV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, BIV currently yields 4.18% against 1.09% for IVV.
Holdings Overlap
BIV and IVV share 4 holdings out of 2602 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BIV or IVV?
BIV has an expense ratio of 0.03% while IVV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, BIV or IVV?
Over the past year BIV returned +1.54% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), BIV annualized +0.98% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BIV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.7% for BIV. Worst drawdown: BIV -20.3% vs IVV -56.5%.
Should I hold both BIV and IVV?
BIV and IVV have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BIV and IVV?
BIV and IVV share 4 common holdings with a 0.1% weight overlap. Combined, they hold 2602 unique securities.
Which pays a higher dividend, BIV or IVV?
BIV yields 4.18% while IVV yields 1.09%, so BIV currently pays the higher dividend yield.
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