CGMM vs IVV
Capital Group US Small and Mid Cap 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 | CGMM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.51% | 0.03% | |
| AUM | $3.5B | $907.0B | |
| Dividend Yield | 0.38% | 1.10% | |
| Holdings | 236 | 508 | |
| YTD Return | +13.38% | +12.71% | |
| 1Y Return | +20.68% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 14.3% | 15.1% | |
| Max Drawdown | -21.0% | -56.5% | |
| Fund Family | Capital Group (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 2025 | May 15, 2000 |
CGMM vs IVV Performance
Capital Group US Small and Mid Cap ETF (CGMM) is a ETF from Capital Group (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CGMM returned +20.68% while IVV returned +21.89%. Year to date, CGMM is up 13.38% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.3% for CGMM. 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 -21.0% for CGMM 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGMM charges 0.51% per year while IVV charges 0.03%. On a $10,000 position that is $51 vs $3 annually, a gap of $48 per year that compounds over a long holding period. On income, CGMM currently yields 0.38% against 1.10% for IVV.
Holdings Overlap
CGMM and IVV share 50 holdings out of 571 unique holdings combined, representing a 3.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CGMM or IVV?
CGMM has an expense ratio of 0.51% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, CGMM or IVV?
Over the past year CGMM returned +20.68% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CGMM annualized +16.78% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CGMM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.3% for CGMM. Worst drawdown: CGMM -21.0% vs IVV -56.5%.
Should I hold both CGMM and IVV?
CGMM and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGMM and IVV?
CGMM and IVV share 50 common holdings with a 3.9% weight overlap. Combined, they hold 571 unique securities.
Which pays a higher dividend, CGMM or IVV?
CGMM yields 0.38% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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