CA vs IVV
Xtrackers California Municipal Bond 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 508 holdings.
Side-by-Side Comparison
| Metric | CA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $21M | $907.0B | |
| Dividend Yield | 3.21% | 1.10% | |
| Holdings | 259 | 508 | |
| YTD Return | +1.16% | +14.29% | |
| 1Y Return | +5.72% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 4.1% | 15.1% | |
| Max Drawdown | -5.2% | -56.5% | |
| Fund Family | Xtrackers ETFs | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 14, 2023 | May 15, 2000 |
CA vs IVV Performance
Xtrackers California Municipal Bond ETF (CA) is a ETF from Xtrackers ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CA returned +5.72% while IVV returned +21.79%. Year to date, CA is up 1.16% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.1% for CA. 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 -5.2% for CA 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CA charges 0.07% per year while IVV charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, CA currently yields 3.21% against 1.10% for IVV.
Holdings Overlap
CA and IVV share 0 holdings out of 665 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CA or IVV?
CA has an expense ratio of 0.07% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, CA or IVV?
Over the past year CA returned +5.72% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CA annualized +2.81% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, CA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.1% for CA. Worst drawdown: CA -5.2% vs IVV -56.5%.
Should I hold both CA and IVV?
CA and IVV have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CA and IVV?
CA and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 665 unique securities.
Which pays a higher dividend, CA or IVV?
CA yields 3.21% while IVV yields 1.10%, so CA currently pays the higher dividend yield.
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