BKDV vs IVV
BNY Mellon Dynamic Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. BKDV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | BKDV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $1.9B | $907.0B | |
| Dividend Yield | 0.53% | 1.10% | |
| Holdings | 85 | 508 | |
| YTD Return | +19.40% | +12.76% | |
| 1Y Return | +27.76% | +20.14% | |
| 3Y Return (annualized) | - | +21.69% | |
| 5Y Return (annualized) | - | +13.00% | |
| Volatility (annualized) | 12.1% | 15.1% | |
| Max Drawdown | -15.5% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2024 | May 15, 2000 |
BKDV vs IVV Performance
BNY Mellon Dynamic Value ETF (BKDV) is a ETF from BNY Mellon Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BKDV returned +27.76% while IVV returned +20.14%. Year to date, BKDV is up 19.40% versus a gain of 12.76% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.1% for BKDV. 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 -15.5% for BKDV 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKDV charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, BKDV currently yields 0.53% against 1.10% for IVV.
Holdings Overlap
BKDV and IVV share 70 holdings out of 517 unique holdings combined, representing a 22.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKDV or IVV?
BKDV has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, BKDV or IVV?
Over the past year BKDV returned +27.76% vs +20.14% for IVV, so BKDV leads on 1-year performance. Over the longest common window we track (2 years), BKDV annualized +21.20% vs +6.99% for IVV. Past performance does not guarantee future results.
Which is riskier, BKDV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.1% for BKDV. Worst drawdown: BKDV -15.5% vs IVV -56.5%.
Should I hold both BKDV and IVV?
BKDV and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKDV and IVV?
BKDV and IVV share 70 common holdings with a 22.2% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, BKDV or IVV?
BKDV yields 0.53% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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