BOE vs IVV
BlackRock Enhanced Global Dividend Trust 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 | BOE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.03% | |
| AUM | $757M | $907.0B | |
| Dividend Yield | 7.56% | 1.10% | |
| Holdings | 169 | 508 | |
| YTD Return | +9.66% | +12.28% | |
| 1Y Return | +17.01% | +20.94% | |
| 3Y Return (annualized) | +16.95% | +21.81% | |
| 5Y Return (annualized) | +7.68% | +13.05% | |
| Volatility (annualized) | 19.3% | 15.1% | |
| Max Drawdown | -76.2% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 26, 2005 | May 15, 2000 |
BOE vs IVV Performance
BlackRock Enhanced Global Dividend Trust (BOE) 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 BOE returned +17.01% while IVV returned +20.94%. Year to date, BOE is up 9.66% versus a gain of 12.28% for IVV.
Over three years, BOE compounded at +16.95% per year against +21.81% for IVV; over five years the annualized figures are +7.68% and +13.05% respectively. Across the full 21-year window we track, IVV has the edge at +6.98% annualized vs -1.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOE has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -76.2% for BOE 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
BOE charges 0.90% per year while IVV charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, BOE currently yields 7.56% against 1.10% for IVV.
Holdings Overlap
BOE and IVV share 26 holdings out of 530 unique holdings combined, representing a 20.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOE or IVV?
BOE has an expense ratio of 0.90% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, BOE or IVV?
Over the past year BOE returned +17.01% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (21 years), BOE annualized -1.35% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, BOE or IVV?
BOE has been the more volatile fund at 19.3% annualized versus 15.1% for IVV. Worst drawdown: BOE -76.2% vs IVV -56.5%.
Should I hold both BOE and IVV?
BOE 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 BOE and IVV?
BOE and IVV share 26 common holdings with a 20.8% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, BOE or IVV?
BOE yields 7.56% while IVV yields 1.10%, so BOE currently pays the higher dividend yield.
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