CSD vs IVV
Invesco S&P Spin-Off ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CSD delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CSD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $229M | $865.2B | |
| Dividend Yield | 0.11% | 1.09% | |
| Holdings | 27 | 508 | |
| YTD Return | +31.15% | +13.80% | |
| 1Y Return | +57.06% | +23.70% | |
| 3Y Return (annualized) | +31.44% | +21.49% | |
| 5Y Return (annualized) | +16.29% | +13.43% | |
| Volatility (annualized) | 22.4% | 15.1% | |
| Max Drawdown | -70.5% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 15, 2006 | May 15, 2000 |
CSD vs IVV Performance
Invesco S&P Spin-Off ETF (CSD) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CSD returned +57.06% while IVV returned +23.70%. Year to date, CSD is up 31.15% versus a gain of 13.80% for IVV.
Over three years, CSD compounded at +31.44% per year against +21.49% for IVV; over five years the annualized figures are +16.29% and +13.43% respectively. Across the full 20-year window we track, CSD has the edge at +9.97% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CSD has been the more volatile fund, with annualized monthly volatility of 22.4% 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 -70.5% for CSD 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
CSD charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CSD currently yields 0.11% against 1.09% for IVV.
Holdings Overlap
CSD and IVV share 7 holdings out of 524 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CSD or IVV?
CSD has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, CSD or IVV?
Over the past year CSD returned +57.06% vs +23.70% for IVV, so CSD leads on 1-year performance. Over the longest common window we track (20 years), CSD annualized +9.97% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, CSD or IVV?
CSD has been the more volatile fund at 22.4% annualized versus 15.1% for IVV. Worst drawdown: CSD -70.5% vs IVV -56.5%.
Should I hold both CSD and IVV?
CSD 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 CSD and IVV?
CSD and IVV share 7 common holdings with a 1.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, CSD or IVV?
CSD yields 0.11% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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