EFAA vs IVV
Invesco MSCI EAFE Income Advantage ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. EFAA offers more diversification with 708 holdings.
Side-by-Side Comparison
| Metric | EFAA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $644M | $907.0B | |
| Dividend Yield | 8.11% | 1.10% | |
| Holdings | 708 | 508 | |
| YTD Return | +10.74% | +13.74% | |
| 1Y Return | +18.22% | +21.54% | |
| 3Y Return (annualized) | - | +22.61% | |
| 5Y Return (annualized) | - | +13.31% | |
| Volatility (annualized) | 8.4% | 15.1% | |
| Max Drawdown | -12.0% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 17, 2024 | May 15, 2000 |
EFAA vs IVV Performance
Invesco MSCI EAFE Income Advantage ETF (EFAA) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EFAA returned +18.22% while IVV returned +21.54%. Year to date, EFAA is up 10.74% versus a gain of 13.74% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.4% for EFAA. 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 -12.0% for EFAA 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EFAA charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, EFAA currently yields 8.11% against 1.10% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, EFAA or IVV?
EFAA has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, EFAA or IVV?
Over the past year EFAA returned +18.22% vs +21.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), EFAA annualized +15.75% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EFAA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.4% for EFAA. Worst drawdown: EFAA -12.0% vs IVV -56.5%.
Should I hold both EFAA and IVV?
EFAA and IVV have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFAA and IVV?
EFAA and IVV share 2 common holdings with a 0.4% weight overlap. Combined, they hold 1143 unique securities.
Which pays a higher dividend, EFAA or IVV?
EFAA yields 8.11% while IVV yields 1.10%, so EFAA currently pays the higher dividend yield.
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