CDEI vs IVV
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF vs iShares Core S&P 500 ETF
Which is better, CDEI or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. CDEI led over 1Y, IVV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 47.8%.
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 | CDEI | IVV |
|---|---|---|
| Expense Ratio | 0.14% | 0.03%Best |
| AUM | $19M | $876.4B |
| Dividend Yield | 0.95% | 1.06% |
| Holdings | 234 | 508 |
| YTD Return | +14.17%Best | +13.32% |
| 1Y Return | +19.96%Best | +17.08% |
| 3Y Return (annualized) | +21.01% | +22.72%Best |
| 5Y Return (annualized) | - | +13.20% |
| Volatility (annualized) | 12.3%Tie | 12.3%Tie |
| Max Drawdown | -19.5% | -18.8%Best |
| $10,000 over 3.6 years | $18,864 | $19,504Best |
| Top 10 Weight | 47.8% | 37.8%Best |
| Fund Family | Calvert | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 1, 2023 to Sep 23, 2026 (3.6 years).
CDEI 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 3.6 years both funds cover.
CDEI vs IVV Performance
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) is an ETF from Calvert and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CDEI returned +19.96% while IVV returned +17.08%. Year to date, CDEI is up 14.17% versus a gain of 13.32% for IVV.
Over three years, CDEI compounded at +21.01% per year against +22.72% for IVV. Across the full 4-year window we track, IVV has the edge at +20.39% annualized vs +19.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CDEI and IVV have been equally volatile, both at 12.3% annualized.
The deepest peak-to-trough decline in our data was -19.5% for CDEI 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CDEI charges 0.14% per year while IVV charges 0.03%. On a $10,000 position that is $14 vs $3 annually, a gap of $11 per year that compounds over a long holding period. On income, CDEI currently yields 0.95% against 1.06% for IVV.
Holdings Overlap
96.6% of CDEI's money is in holdings IVV also owns. 50.8% of IVV's money is in holdings CDEI also owns.
Most of CDEI is already inside IVV. Owning both mostly buys the same companies twice.
165 positions in common, counted across the 231 positions we hold weights for in CDEI and 490 in IVV, against full books of 234 and 508.
What only one of them owns
Our book lists 317 positions for IVV that do not appear in our book for CDEI (47.8% of the fund), and 59 for CDEI that do not appear in IVV (2.8%).
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 CDEI | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.21% | 8.07% | 1.14% |
| AAPLApple, Inc | 8.56% | 7.02% | 1.54% |
| MSFTMicrosoft Corp | 7.12% | 5.69% | 1.43% |
| GOOGLAlphabet Inc,class A | 6.72% | 3.00% | 3.72% |
| JPMJpmorgan Chase | 3.60% | 1.44% | 2.16% |
| LLYEli Lilly & Co. | 3.37% | 1.38% | 1.99% |
| AMDAdvanced Micro Devices, Inc | 2.73% | 1.16% | 1.57% |
| VVisa Inc Class A | 2.58% | 0.95% | 1.63% |
| MAMastercard Inc | 1.96% | 0.72% | 1.24% |
| ABBVAbbvie Inc. | 1.90% | 0.68% | 1.22% |
96.6% of CDEI 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, CDEI or IVV?
CDEI has an expense ratio of 0.14% while IVV charges 0.03%. IVV is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, CDEI or IVV?
Over the past year CDEI returned +19.96% vs +17.08% for IVV, so CDEI leads on 1-year performance. Over the longest common window we track (4 years), CDEI annualized +19.28% vs +20.39% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CDEI or IVV?
CDEI and IVV have been equally volatile, both at 12.3% annualized. Worst drawdown: CDEI -19.5% vs IVV -18.8%.
Should I hold both CDEI and IVV?
CDEI and IVV have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CDEI and IVV?
96.6% of CDEI's money is in holdings IVV also owns. 50.8% of IVV's is in holdings CDEI also owns. They hold 165 positions in common, counted across the 231 positions we hold weights for in CDEI and 490 in IVV.
Which pays a higher dividend, CDEI or IVV?
CDEI yields 0.95% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than CDEI?
IVV has a lower expense ratio. CDEI led over 1Y, IVV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 47.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.