CVLC vs IVV
Calvert US Large-Cap Core Responsible Index ETF vs iShares Core S&P 500 ETF
Which is better, CVLC or IVV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. CVLC led over 1Y, IVV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. CVLC is less concentrated, with 37.1% of the fund in its ten largest positions against 38.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVLC | IVV |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $983M | $882.6B |
| Dividend Yield | 0.90% | 1.06% |
| Holdings | 1,511 | 508 |
| YTD Return | +13.75%Best | +13.60% |
| 1Y Return | +17.24%Best | +16.32% |
| 3Y Return (annualized) | +23.63% | +23.81%Best |
| 5Y Return (annualized) | - | +14.03% |
| Volatility (annualized) | 13.2% | 12.2%Best |
| Max Drawdown | -19.9% | -18.8%Best |
| $10,000 over 3.7 years | $19,421 | $19,827Best |
| Top 10 Weight | 37.1%Best | 38.1% |
| Fund Family | Calvert | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 2, 2026 (3.7 years).
CVLC vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
CVLC vs IVV Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CVLC returned +17.24% while IVV returned +16.32%. Year to date, CVLC is up 13.75% versus a gain of 13.60% for IVV.
Over three years, CVLC compounded at +23.63% per year against +23.81% for IVV. Across the full 4-year window we track, IVV has the edge at +20.32% annualized vs +19.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 12.2% 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 -19.9% for CVLC and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.90% against 1.06% for IVV.
Holdings Overlap
90.2% of CVLC's money is in holdings IVV also owns. 79.8% of IVV's money is in holdings CVLC also owns.
Most of CVLC is already inside IVV. Owning both mostly buys the same companies twice.
388 positions in common, counted across the 752 positions we hold weights for in CVLC and 505 in IVV, against full books of 1,511 and 508.
What only one of them owns
Our book lists 110 positions for IVV that do not appear in our book for CVLC (19.5% of the fund), and 344 for CVLC that do not appear in IVV (8.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.37% | 8.00% | 0.63% |
| AAPLApple, Inc | 6.97% | 7.39% | 0.42% |
| MSFTMicrosoft Corp | 5.29% | 5.57% | 0.28% |
| GOOGLAlphabet Inc,class A | 5.25% | 3.00% | 2.25% |
| AMZNAmazon.Com Inc | 3.66% | 3.80% | 0.14% |
| AVGOBroadcom Inc | 2.51% | 2.59% | 0.08% |
| MUMicron Technology, Inc. | 1.72% | 1.66% | 0.06% |
| JPMJpmorgan Chase | 1.53% | 1.44% | 0.09% |
| LLYEli Lilly & Co. | 1.51% | 1.34% | 0.17% |
| AMDAdvanced Micro Devices Inc | 1.32% | 1.27% | 0.05% |
90.2% of CVLC is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $12 a year on a $10,000 investment.
Which performed better, CVLC or IVV?
Over the past year CVLC returned +17.24% vs +16.32% for IVV, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.65% vs +20.32% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or IVV?
CVLC has been the more volatile fund at 13.2% annualized versus 12.2% for IVV. Worst drawdown: CVLC -19.9% vs IVV -18.8%.
Should I hold both CVLC and IVV?
CVLC and IVV have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CVLC and IVV?
90.2% of CVLC's money is in holdings IVV also owns. 79.8% of IVV's is in holdings CVLC also owns. They hold 388 positions in common, counted across the 752 positions we hold weights for in CVLC and 505 in IVV.
Which pays a higher dividend, CVLC or IVV?
CVLC yields 0.90% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than CVLC?
IVV has a lower expense ratio. CVLC led over 1Y, IVV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. CVLC is less concentrated, with 37.1% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.