DIVE vs IVV
Dana Concentrated Dividend ETF vs iShares Core S&P 500 ETF
Which is better, DIVE or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 44.4%.
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 | DIVE | IVV |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $48M | $876.4B |
| Dividend Yield | 1.01% | 1.06% |
| Holdings | 36 | 508 |
| YTD Return | +7.85% | +12.27%Best |
| 1Y Return | +10.90% | +17.04%Best |
| 3Y Return (annualized) | - | +21.24% |
| 5Y Return (annualized) | - | +13.08% |
| Volatility (annualized) | 13.5% | 13.3%Best |
| Max Drawdown | -11.4% | -8.9%Best |
| $10,000 over 1 years | $11,104 | $11,687Best |
| Top 10 Weight | 44.4% | 37.8%Best |
| Fund Family | Dana Investment Advisors | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 15, 2025 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 16, 2025 to Sep 17, 2026 (1 years).
DIVE 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 1 years both funds cover.
DIVE vs IVV Performance
Dana Concentrated Dividend ETF (DIVE) is an ETF from Dana Investment Advisors and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DIVE returned +10.90% while IVV returned +17.04%. Year to date, DIVE is up 7.85% versus a gain of 12.27% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVE has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 13.3% 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 -11.4% for DIVE and -8.9% 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVE 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, DIVE currently yields 1.01% against 1.06% for IVV.
Holdings Overlap
79.5% of DIVE's money is in holdings IVV also owns. 14.6% of IVV's money is in holdings DIVE also owns.
Most of DIVE is already inside IVV. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 35 positions we hold weights for in DIVE and 490 in IVV, against full books of 36 and 508.
What only one of them owns
Measured across the 35 and 490 positions we hold weights for.
IVV holds 454 positions DIVE does not, 84.0% of the fund.
Largest: NVDA 8.07%, AAPL 7.02%, MSFT 5.69%, AVGO 2.65%, GOOG 2.39%
Top Shared Holdings
| Stock | Weight in DIVE | Weight in IVV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.87% | 3.84% | 1.03% |
| PMPhilip Morris International Inc. | 6.30% | 0.44% | 5.86% |
| GOOGLAlphabet Inc,class A | 1.76% | 3.00% | 1.24% |
| METAMeta Platforms Inc | 2.80% | 1.90% | 0.90% |
| COFCapital One Financial Corp. | 4.44% | 0.20% | 4.24% |
| CRMSalesforce Inc Crm Us Equity | 3.93% | 0.32% | 3.61% |
| KDPKeurig Dr Pepper, Inc. | 3.99% | 0.07% | 3.92% |
| ABBVAbbvie Inc. | 3.37% | 0.68% | 2.69% |
| ELVElevance Health Inc | 3.77% | 0.13% | 3.64% |
| GPCGenuine Parts Co. | 3.68% | 0.03% | 3.65% |
79.5% of DIVE 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, DIVE or IVV?
DIVE has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, DIVE or IVV?
Over the past year DIVE returned +10.90% vs +17.04% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), DIVE annualized +11.04% vs +16.87% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVE or IVV?
DIVE has been the more volatile fund at 13.5% annualized versus 13.3% for IVV. Worst drawdown: DIVE -11.4% vs IVV -8.9%.
Should I hold both DIVE and IVV?
DIVE and IVV have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DIVE and IVV?
79.5% of DIVE's money is in holdings IVV also owns. 14.6% of IVV's is in holdings DIVE also owns. They hold 28 positions in common, counted across the 35 positions we hold weights for in DIVE and 490 in IVV.
Which pays a higher dividend, DIVE or IVV?
DIVE yields 1.01% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than DIVE?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 44.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.