BPAY vs IVV
iShares FinTech 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 505 holdings.
Side-by-Side Comparison
| Metric | BPAY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $9M | $865.2B | |
| Dividend Yield | 7.10% | 1.09% | |
| Holdings | 42 | 508 | |
| YTD Return | -1.21% | +13.80% | |
| 1Y Return | -10.44% | +23.01% | |
| 3Y Return (annualized) | +10.26% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 24.3% | 15.1% | |
| Max Drawdown | -33.6% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 16, 2022 | May 15, 2000 |
BPAY vs IVV Performance
iShares FinTech Active ETF (BPAY) 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 BPAY returned -10.44% while IVV returned +23.01%. Year to date, BPAY is down 1.21% versus a gain of 13.80% for IVV.
Over three years, BPAY compounded at +10.26% per year against +21.77% for IVV. Across the full 4-year window we track, IVV has the edge at +7.04% annualized vs +4.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BPAY has been the more volatile fund, with annualized monthly volatility of 24.3% 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 -33.6% for BPAY 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BPAY charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, BPAY currently yields 7.10% against 1.09% for IVV.
Holdings Overlap
BPAY and IVV share 12 holdings out of 532 unique holdings combined, representing a 2.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BPAY or IVV?
BPAY has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, BPAY or IVV?
Over the past year BPAY returned -10.44% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), BPAY annualized +4.61% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BPAY or IVV?
BPAY has been the more volatile fund at 24.3% annualized versus 15.1% for IVV. Worst drawdown: BPAY -33.6% vs IVV -56.5%.
Should I hold both BPAY and IVV?
BPAY and IVV have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BPAY and IVV?
BPAY and IVV share 12 common holdings with a 2.8% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, BPAY or IVV?
BPAY yields 7.10% while IVV yields 1.09%, so BPAY currently pays the higher dividend yield.
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