ELCV vs IVV
Eventide High Dividend ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ELCV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ELCV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $262M | $907.0B | |
| Dividend Yield | 2.15% | 1.10% | |
| Holdings | 47 | 508 | |
| YTD Return | +21.66% | +14.29% | |
| 1Y Return | +26.89% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 13.9% | 15.1% | |
| Max Drawdown | -18.4% | -56.5% | |
| Fund Family | Eventide | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | May 15, 2000 |
ELCV vs IVV Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ELCV returned +26.89% while IVV returned +21.79%. Year to date, ELCV is up 21.66% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.9% for ELCV. 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 -18.4% for ELCV 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while IVV charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, ELCV currently yields 2.15% against 1.10% for IVV.
Holdings Overlap
ELCV and IVV share 39 holdings out of 512 unique holdings combined, representing a 11.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or IVV?
ELCV has an expense ratio of 0.49% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, ELCV or IVV?
Over the past year ELCV returned +26.89% vs +21.79% for IVV, so ELCV leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +16.61% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, ELCV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.9% for ELCV. Worst drawdown: ELCV -18.4% vs IVV -56.5%.
Should I hold both ELCV and IVV?
ELCV and IVV have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and IVV?
ELCV and IVV share 39 common holdings with a 11.7% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, ELCV or IVV?
ELCV yields 2.15% while IVV yields 1.10%, so ELCV currently pays the higher dividend yield.
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