CFO vs IVV
VictoryShares US 500 Enhanced Volatility Weighted 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 | CFO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $427M | $907.0B | |
| Dividend Yield | 1.22% | 1.10% | |
| Holdings | 502 | 508 | |
| YTD Return | +12.06% | +12.71% | |
| 1Y Return | +15.20% | +21.89% | |
| 3Y Return (annualized) | +12.52% | +22.08% | |
| 5Y Return (annualized) | +4.18% | +12.96% | |
| Volatility (annualized) | 12.3% | 15.1% | |
| Max Drawdown | -24.4% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 1, 2014 | May 15, 2000 |
CFO vs IVV Performance
VictoryShares US 500 Enhanced Volatility Weighted ETF (CFO) is a ETF from Victory Capital Management Inc. and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CFO returned +15.20% while IVV returned +21.89%. Year to date, CFO is up 12.06% versus a gain of 12.71% for IVV.
Over three years, CFO compounded at +12.52% per year against +22.08% for IVV; over five years the annualized figures are +4.18% and +12.96% respectively. Across the full 12-year window we track, CFO has the edge at +8.26% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.3% for CFO. 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 -24.4% for CFO 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CFO 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, CFO currently yields 1.22% against 1.10% for IVV.
Holdings Overlap
CFO and IVV share 399 holdings out of 606 unique holdings combined, representing a 40.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CFO or IVV?
CFO 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, CFO or IVV?
Over the past year CFO returned +15.20% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (12 years), CFO annualized +8.26% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CFO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.3% for CFO. Worst drawdown: CFO -24.4% vs IVV -56.5%.
Should I hold both CFO and IVV?
CFO and IVV have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CFO and IVV?
CFO and IVV share 399 common holdings with a 40.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, CFO or IVV?
CFO yields 1.22% while IVV yields 1.10%, so CFO currently pays the higher dividend yield.
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