CVLC vs IVV
Calvert US Large-Cap Core Responsible Index ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CVLC delivered stronger 1-year returns. CVLC offers more diversification with 759 holdings.
Side-by-Side Comparison
| Metric | CVLC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $982M | $886.7B | |
| Dividend Yield | 0.93% | 1.10% | |
| Holdings | 759 | 508 | |
| YTD Return | +12.83% | +12.13% | |
| 1Y Return | +21.42% | +20.37% | |
| 3Y Return (annualized) | +20.66% | +20.91% | |
| 5Y Return (annualized) | - | +12.59% | |
| Volatility (annualized) | 13.3% | 15.1% | |
| Max Drawdown | -19.9% | -56.5% | |
| Fund Family | Calvert | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | May 15, 2000 |
CVLC vs IVV Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is a ETF from Calvert and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CVLC returned +21.42% while IVV returned +20.37%. Year to date, CVLC is up 12.83% versus a gain of 12.13% for IVV.
Over three years, CVLC compounded at +20.66% per year against +20.91% for IVV. Across the full 4-year window we track, CVLC has the edge at +19.88% annualized vs +6.97%. 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 13.3% for CVLC. 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 -19.9% for CVLC 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 1.10% for IVV.
Holdings Overlap
CVLC and IVV share 390 holdings out of 872 unique holdings combined, representing a 78.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, CVLC or IVV?
CVLC has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, CVLC or IVV?
Over the past year CVLC returned +21.42% vs +20.37% for IVV, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.88% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, CVLC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.3% for CVLC. Worst drawdown: CVLC -19.9% vs IVV -56.5%.
Should I hold both CVLC and IVV?
CVLC and IVV have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CVLC and IVV?
CVLC and IVV share 390 common holdings with a 78.7% weight overlap. Combined, they hold 872 unique securities.
Which pays a higher dividend, CVLC or IVV?
CVLC yields 0.93% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.