DIVP vs IVV
Cullen Enhanced Equity Income ETF vs iShares Core S&P 500 ETF
Which is better, DIVP or IVV?
Large Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. DIVP is less concentrated, with 35.4% of the fund in its ten largest positions against 37.8%.
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 | DIVP | IVV |
|---|---|---|
| Expense Ratio | 0.55% | 0.03%Best |
| AUM | $59M | $876.4B |
| Dividend Yield | 6.12% | 1.06% |
| Holdings | 45 | 508 |
| YTD Return | +9.47% | +12.39%Best |
| 1Y Return | +12.57% | +16.61%Best |
| 3Y Return (annualized) | - | +21.38% |
| 5Y Return (annualized) | - | +13.51% |
| Volatility (annualized) | 10.1%Best | 12.1% |
| Max Drawdown | -13.4%Best | -18.8% |
| $10,000 over 2.5 years | $12,373 | $15,218Best |
| Top 10 Weight | 35.4%Best | 37.8% |
| Fund Family | Cullen Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 6, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 7, 2024 to Sep 18, 2026 (2.5 years).
DIVP 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 2.5 years both funds cover.
DIVP vs IVV Performance
Cullen Enhanced Equity Income ETF (DIVP) is an ETF from Cullen Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DIVP returned +12.57% while IVV returned +16.61%. Year to date, DIVP is up 9.47% versus a gain of 12.39% 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 12.1% compared with 10.1% for DIVP. 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 -13.4% for DIVP 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 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DIVP charges 0.55% per year while IVV charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, DIVP currently yields 6.12% against 1.06% for IVV.
Holdings Overlap
86.5% of DIVP's money is in holdings IVV also owns. 7.8% of IVV's money is in holdings DIVP also owns.
Most of DIVP is already inside IVV. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 35 positions we hold weights for in DIVP and 490 in IVV, against full books of 45 and 508.
What only one of them owns
Our book lists 451 positions for IVV that do not appear in our book for DIVP (90.9% of the fund), and 2 for DIVP that do not appear in IVV (4.4%).
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 DIVP | Weight in IVV | Difference |
|---|---|---|---|
| UNHUnitedhealth Group Incorporated | 3.84% | 0.53% | 3.31% |
| XOMExxon Mobil Corp. | 3.16% | 1.01% | 2.15% |
| BMYBristol-Myers Squibb Co. | 3.85% | 0.21% | 3.64% |
| COPConocophillips Common Stock USD 0.01 | 3.77% | 0.24% | 3.53% |
| EOGEog Resources Inc | 3.79% | 0.12% | 3.67% |
| SYYSysco Corp | 3.64% | 0.06% | 3.58% |
| MRKMerck & Company Inc | 3.06% | 0.55% | 2.51% |
| IBMInternational Business Machines Corp. | 3.28% | 0.33% | 2.95% |
| BDXBecton Dickinson And Co. | 3.49% | 0.08% | 3.41% |
| MDTMedtronic Plc Ordinary Shares | 3.22% | 0.18% | 3.04% |
86.5% of DIVP 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, DIVP or IVV?
DIVP has an expense ratio of 0.55% while IVV charges 0.03%. IVV is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, DIVP or IVV?
Over the past year DIVP returned +12.57% vs +16.61% 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, DIVP or IVV?
IVV has been the more volatile fund at 12.1% annualized versus 10.1% for DIVP. Worst drawdown: DIVP -13.4% vs IVV -18.8%.
Should I hold both DIVP and IVV?
DIVP and IVV have a monthly-return correlation of 0.40, 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 DIVP and IVV?
86.5% of DIVP's money is in holdings IVV also owns. 7.8% of IVV's is in holdings DIVP also owns. They hold 31 positions in common, counted across the 35 positions we hold weights for in DIVP and 490 in IVV.
Which pays a higher dividend, DIVP or IVV?
DIVP yields 6.12% while IVV yields 1.06%, so DIVP currently pays the higher dividend yield.
Is IVV better than DIVP?
IVV has a lower expense ratio. IVV led over 1Y and the full window. DIVP is less concentrated, with 35.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.