CEFA vs IVV
Global X S&P Catholic Values Developed ex-US 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 | CEFA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $59M | $907.0B | |
| Dividend Yield | 2.68% | 1.10% | |
| Holdings | 367 | 508 | |
| YTD Return | +13.06% | +14.29% | |
| 1Y Return | +20.86% | +21.79% | |
| 3Y Return (annualized) | +18.32% | +22.19% | |
| 5Y Return (annualized) | +8.23% | +13.28% | |
| Volatility (annualized) | 16.4% | 15.1% | |
| Max Drawdown | -32.0% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 22, 2020 | May 15, 2000 |
CEFA vs IVV Performance
Global X S&P Catholic Values Developed ex-US ETF (CEFA) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CEFA returned +20.86% while IVV returned +21.79%. Year to date, CEFA is up 13.06% versus a gain of 14.29% for IVV.
Over three years, CEFA compounded at +18.32% per year against +22.19% for IVV; over five years the annualized figures are +8.23% and +13.28% respectively. Across the full 6-year window we track, CEFA has the edge at +11.51% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CEFA has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -32.0% for CEFA 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CEFA charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, CEFA currently yields 2.68% against 1.10% for IVV.
Holdings Overlap
CEFA and IVV share 4 holdings out of 848 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CEFA or IVV?
CEFA has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, CEFA or IVV?
Over the past year CEFA returned +20.86% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), CEFA annualized +11.51% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, CEFA or IVV?
CEFA has been the more volatile fund at 16.4% annualized versus 15.1% for IVV. Worst drawdown: CEFA -32.0% vs IVV -56.5%.
Should I hold both CEFA and IVV?
CEFA and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CEFA and IVV?
CEFA and IVV share 4 common holdings with a 0.1% weight overlap. Combined, they hold 848 unique securities.
Which pays a higher dividend, CEFA or IVV?
CEFA yields 2.68% while IVV yields 1.10%, so CEFA currently pays the higher dividend yield.
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