CSA vs IVV
VictoryShares US Small Cap Volatility Wtd 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 | CSA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $20M | $907.0B | |
| Dividend Yield | 1.50% | 1.10% | |
| Holdings | 507 | 508 | |
| YTD Return | -10.11% | +14.29% | |
| 1Y Return | +0.59% | +21.79% | |
| 3Y Return (annualized) | +3.64% | +22.19% | |
| 5Y Return (annualized) | +15.99% | +13.28% | |
| Volatility (annualized) | 20.5% | 15.1% | |
| Max Drawdown | -42.4% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 7, 2015 | May 15, 2000 |
CSA vs IVV Performance
VictoryShares US Small Cap Volatility Wtd ETF (CSA) 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 CSA returned +0.59% while IVV returned +21.79%. Year to date, CSA is down 10.11% versus a gain of 14.29% for IVV.
Over three years, CSA compounded at +3.64% per year against +22.19% for IVV; over five years the annualized figures are +15.99% and +13.28% respectively. Across the full 10-year window we track, CSA has the edge at +8.20% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CSA has been the more volatile fund, with annualized monthly volatility of 20.5% 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 -42.4% for CSA 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CSA 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, CSA currently yields 1.50% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, CSA or IVV?
CSA 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, CSA or IVV?
Over the past year CSA returned +0.59% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), CSA annualized +8.20% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, CSA or IVV?
CSA has been the more volatile fund at 20.5% annualized versus 15.1% for IVV. Worst drawdown: CSA -42.4% vs IVV -56.5%.
Should I hold both CSA and IVV?
CSA and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CSA or IVV?
CSA yields 1.50% while IVV yields 1.10%, so CSA currently pays the higher dividend yield.
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