DIVL vs IVV
Madison Dividend Value ETF vs iShares Core S&P 500 ETF
Which is better, DIVL or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.5%.
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 | DIVL | IVV |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $62M | $876.4B |
| Dividend Yield | 1.74% | 1.06% |
| Holdings | 40 | 508 |
| YTD Return | +8.66% | +14.15%Best |
| 1Y Return | +9.56% | +17.31%Best |
| 3Y Return (annualized) | +11.21% | +23.17%Best |
| 5Y Return (annualized) | - | +13.85% |
| Volatility (annualized) | 11.9%Best | 12.8% |
| Max Drawdown | -14.1%Best | -18.8% |
| $10,000 over 3.1 years | $13,317 | $18,205Best |
| Top 10 Weight | 40.5% | 37.8%Best |
| Fund Family | Madison Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Aug 14, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 15, 2023 to Sep 21, 2026 (3.1 years).
DIVL 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 3.1 years both funds cover.
DIVL vs IVV Performance
Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DIVL returned +9.56% while IVV returned +17.31%. Year to date, DIVL is up 8.66% versus a gain of 14.15% for IVV.
Over three years, DIVL compounded at +11.21% per year against +23.17% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.9% for DIVL. 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 -14.1% for DIVL 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 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVL 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, DIVL currently yields 1.74% against 1.06% for IVV.
Holdings Overlap
98.7% of DIVL's money is in holdings IVV also owns. 11.8% of IVV's money is in holdings DIVL also owns.
Most of DIVL is already inside IVV. Owning both mostly buys the same companies twice.
36 positions in common, counted across the 37 positions we hold weights for in DIVL and 490 in IVV, against full books of 40 and 508.
What only one of them owns
Measured across the 37 and 490 positions we hold weights for.
IVV holds 446 positions DIVL does not, 86.8% of the fund.
Largest: NVDA 8.07%, AAPL 7.02%, MSFT 5.69%, AMZN 3.84%, GOOGL 3.00%
Top Shared Holdings
| Stock | Weight in DIVL | Weight in IVV | Difference |
|---|---|---|---|
| JNJJohnson & Johnson - Common | 5.64% | 0.97% | 4.67% |
| XOMExxon Mobil Corp. | 5.02% | 1.01% | 4.01% |
| CVXChevron Corp | 5.13% | 0.58% | 4.55% |
| ABBVAbbvie Inc. | 3.64% | 0.68% | 2.96% |
| JPMJpmorgan Chase | 2.82% | 1.44% | 1.38% |
| NEENextera Energy Inc | 3.71% | 0.26% | 3.45% |
| CMECme Group, Cl A | 3.76% | 0.16% | 3.60% |
| COPConocophillips Common Stock USD 0.01 | 3.66% | 0.24% | 3.42% |
| UNPUnion Pacific Corp | 3.54% | 0.27% | 3.27% |
| PGProcter & Gamble Company | 3.30% | 0.51% | 2.79% |
98.7% of DIVL 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, DIVL or IVV?
DIVL 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, DIVL or IVV?
Over the past year DIVL returned +9.56% vs +17.31% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVL or IVV?
IVV has been the more volatile fund at 12.8% annualized versus 11.9% for DIVL. Worst drawdown: DIVL -14.1% vs IVV -18.8%.
Should I hold both DIVL and IVV?
DIVL and IVV have a monthly-return correlation of 0.57, 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 DIVL and IVV?
98.7% of DIVL's money is in holdings IVV also owns. 11.8% of IVV's is in holdings DIVL also owns. They hold 36 positions in common, counted across the 37 positions we hold weights for in DIVL and 490 in IVV.
Which pays a higher dividend, DIVL or IVV?
DIVL yields 1.74% while IVV yields 1.06%, so DIVL currently pays the higher dividend yield.
Is IVV better than DIVL?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.