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 38.9% of the fund in its ten largest positions against 46.4%.
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 | $47M | $896.5B |
| Dividend Yield | 1.33% | 1.10% |
| Holdings | 72 | 508 |
| YTD Return | +8.34% | +13.59%Best |
| 1Y Return | +12.05% | +17.54%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 13.8% | 12.7%Best |
| Max Drawdown | -11.4% | -8.9%Best |
| $10,000 over 1.1 years | $11,183 | $11,873Best |
| Top 10 Weight | 46.4% | 38.9%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 1.1 years row, are measured over the window both funds cover: Sep 16, 2025 to Oct 14, 2026 (1.1 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 1.1 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 +12.05% while IVV returned +17.54%. Year to date, DIVE is up 8.34% versus a gain of 13.59% 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 13.8% compared with 12.7% 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 0.61. 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 1.33% against 1.10% for IVV.
Holdings Overlap
89.1% of DIVE's money is in holdings IVV also owns. 15.0% 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.
30 positions in common, counted across the 35 positions we hold weights for in DIVE and 506 in IVV, against full books of 72 and 508.
What only one of them owns
Our book lists 470 positions for IVV that do not appear in our book for DIVE (84.4% of the fund), and 5 for DIVE that do not appear in IVV (10.7%).
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 DIVE | Weight in IVV | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.86% | 3.68% | 1.18% |
| METAMeta Platforms Inc | 4.74% | 2.42% | 2.32% |
| PMPhilip Morris International Inc. | 6.53% | 0.44% | 6.09% |
| IQVI Q V I A Holdings Inc. | 5.65% | 0.06% | 5.59% |
| KDPKeurig Dr Pepper, Inc. | 4.57% | 0.06% | 4.51% |
| ELVElevance Health Inc | 4.34% | 0.13% | 4.21% |
| COFCapital One Financial Corp. | 4.19% | 0.18% | 4.01% |
| ABBVAbbvie Inc. | 3.56% | 0.69% | 2.87% |
| GOOGLAlphabet Inc | 1.16% | 3.00% | 1.84% |
| CRMSalesforce Inc Crm Us Equity | 3.77% | 0.29% | 3.48% |
89.1% 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 +12.05% vs +17.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), DIVE annualized +10.70% vs +16.89% 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 13.8% annualized versus 12.7% 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 0.61, 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?
89.1% of DIVE's money is in holdings IVV also owns. 15.0% of IVV's is in holdings DIVE also owns. They hold 30 positions in common, counted across the 35 positions we hold weights for in DIVE and 506 in IVV.
Which pays a higher dividend, DIVE or IVV?
DIVE yields 1.33% while IVV yields 1.10%, so DIVE 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 38.9% of the fund in its ten largest positions against 46.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.