BPAY vs IVV
iShares FinTech Active ETF vs iShares Core S&P 500 ETF
Which is better, BPAY or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 43.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BPAY | IVV |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $10M | $876.4B |
| Dividend Yield | 6.70% | 1.06% |
| Holdings | 42 | 508 |
| YTD Return | -3.97% | +14.15%Best |
| 1Y Return | -16.75% | +17.31%Best |
| 3Y Return (annualized) | +11.30% | +23.17%Best |
| 5Y Return (annualized) | - | +13.85% |
| Volatility (annualized) | 24.3% | 14.2%Best |
| Max Drawdown | -33.6% | -18.8%Best |
| $10,000 over 4.1 years | $11,629 | $19,203Best |
| Top 10 Weight | 43.5% | 37.8%Best |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 16, 2022 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 18, 2022 to Sep 21, 2026 (4.1 years).
BPAY vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.1 years both funds cover.
BPAY vs IVV Performance
iShares FinTech Active ETF (BPAY) is an ETF from BlackRock, Inc. (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year BPAY returned -16.75% while IVV returned +17.31%. Year to date, BPAY is down 3.97% versus a gain of 14.15% for IVV.
Over three years, BPAY compounded at +11.30% per year against +23.17% for IVV. Across the full 4-year window we track, IVV has the edge at +17.25% annualized vs +3.75%.
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 14.2% 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 -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 6.70% against 1.06% for IVV.
Holdings Overlap
42.1% of BPAY's money is in holdings IVV also owns. 2.9% of IVV's money is in holdings BPAY also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 38 positions we hold weights for in BPAY and 490 in IVV, against full books of 42 and 508.
What only one of them owns
Our book lists 470 positions for IVV that do not appear in our book for BPAY (95.7% of the fund), and 13 for BPAY that do not appear in IVV (27.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BPAY | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 8.24% | 0.15% | 8.09% |
| GPNGlobal Payments Inc. | 4.79% | 0.03% | 4.76% |
| COFCapital One Financial Corp. | 4.10% | 0.20% | 3.90% |
| HOODRobinhood Markets Inc - A | 3.94% | 0.13% | 3.81% |
| SQBlock Inc | 3.93% | 0.07% | 3.86% |
| VVisa Inc Class A | 3.03% | 0.95% | 2.08% |
| FISFidelity National Information Srvcs Inc | 3.84% | 0.03% | 3.81% |
| MAMastercard Inc | 2.95% | 0.72% | 2.23% |
| SCHWSchwab Strategic T | 2.92% | 0.27% | 2.65% |
| AXPAmerican Express Co. | 2.02% | 0.27% | 1.75% |
42.1% of BPAY is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $52 a year on a $10,000 investment.
Which performed better, BPAY or IVV?
Over the past year BPAY returned -16.75% vs +17.31% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), BPAY annualized +3.75% vs +17.25% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BPAY or IVV?
BPAY has been the more volatile fund at 24.3% annualized versus 14.2% for IVV. Worst drawdown: BPAY -33.6% vs IVV -18.8%.
Should I hold both BPAY and IVV?
BPAY and IVV have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BPAY and IVV?
42.1% of BPAY's money is in holdings IVV also owns. 2.9% of IVV's is in holdings BPAY also owns. They hold 12 positions in common, counted across the 38 positions we hold weights for in BPAY and 490 in IVV.
Which pays a higher dividend, BPAY or IVV?
BPAY yields 6.70% while IVV yields 1.06%, so BPAY currently pays the higher dividend yield.
Is IVV better than BPAY?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 43.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.