CEE vs IVV
The Central and Eastern Europe Fund Inc. vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CEE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CEE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.18% | 0.03% | |
| AUM | $142M | $865.2B | |
| Dividend Yield | 1.85% | 1.09% | |
| Holdings | 60 | 508 | |
| YTD Return | +17.98% | +13.80% | |
| 1Y Return | +33.49% | +23.70% | |
| 3Y Return (annualized) | +35.78% | +21.49% | |
| 5Y Return (annualized) | -2.07% | +13.43% | |
| Volatility (annualized) | 31.2% | 15.1% | |
| Max Drawdown | -83.0% | -56.5% | |
| Fund Family | DWS ETF Trust | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 1990 | May 15, 2000 |
CEE vs IVV Performance
The Central and Eastern Europe Fund Inc. (CEE) is a ETF from DWS ETF Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CEE returned +33.49% while IVV returned +23.70%. Year to date, CEE is up 17.98% versus a gain of 13.80% for IVV.
Over three years, CEE compounded at +35.78% per year against +21.49% for IVV; over five years the annualized figures are -2.07% and +13.43% respectively. Across the full 26-year window we track, IVV has the edge at +7.05% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CEE has been the more volatile fund, with annualized monthly volatility of 31.2% 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 -83.0% for CEE 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CEE charges 1.18% per year while IVV charges 0.03%. On a $10,000 position that is $118 vs $3 annually, a gap of $115 per year that compounds over a long holding period. On income, CEE currently yields 1.85% against 1.09% for IVV.
Holdings Overlap
CEE and IVV share 0 holdings out of 555 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, CEE or IVV?
CEE has an expense ratio of 1.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $115 per year of difference.
Which performed better, CEE or IVV?
Over the past year CEE returned +33.49% vs +23.70% for IVV, so CEE leads on 1-year performance. Over the longest common window we track (26 years), CEE annualized +7.01% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, CEE or IVV?
CEE has been the more volatile fund at 31.2% annualized versus 15.1% for IVV. Worst drawdown: CEE -83.0% vs IVV -56.5%.
Should I hold both CEE and IVV?
CEE and IVV have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CEE and IVV?
CEE and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, CEE or IVV?
CEE yields 1.85% while IVV yields 1.09%, so CEE currently pays the higher dividend yield.
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