DIVP vs IVV
Cullen Enhanced Equity Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DIVP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $57M | $865.2B | |
| Dividend Yield | 6.49% | 1.09% | |
| Holdings | 42 | 508 | |
| YTD Return | +11.70% | +13.80% | |
| 1Y Return | +16.14% | +23.01% | |
| 3Y Return (annualized) | - | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 10.1% | 15.1% | |
| Max Drawdown | -13.4% | -56.5% | |
| Fund Family | Cullen Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2024 | May 15, 2000 |
DIVP vs IVV Performance
Cullen Enhanced Equity Income ETF (DIVP) is a ETF from Cullen Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DIVP returned +16.14% while IVV returned +23.01%. Year to date, DIVP is up 11.70% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
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 6.49% against 1.09% for IVV.
Holdings Overlap
DIVP and IVV share 30 holdings out of 510 unique holdings combined, representing a 5.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $52 per year of difference.
Which performed better, DIVP or IVV?
Over the past year DIVP returned +16.14% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), DIVP annualized +10.21% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, DIVP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 10.1% for DIVP. Worst drawdown: DIVP -13.4% vs IVV -56.5%.
Should I hold both DIVP and IVV?
DIVP and IVV have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIVP and IVV?
DIVP and IVV share 30 common holdings with a 5.8% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, DIVP or IVV?
DIVP yields 6.49% while IVV yields 1.09%, so DIVP currently pays the higher dividend yield.
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