EMO vs IVV
ClearBridge Energy Midstream Opportunity Fund Inc. vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EMO delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | EMO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 3.37% | 0.03% | |
| AUM | $1.2B | $907.0B | |
| Dividend Yield | 7.36% | 1.10% | |
| Holdings | 20 | 508 | |
| YTD Return | +25.83% | +13.74% | |
| 1Y Return | +23.74% | +21.54% | |
| 3Y Return (annualized) | +30.53% | +22.61% | |
| 5Y Return (annualized) | +30.82% | +13.31% | |
| Volatility (annualized) | 41.8% | 15.1% | |
| Max Drawdown | -97.2% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 13, 2011 | May 15, 2000 |
EMO vs IVV Performance
ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) is a ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EMO returned +23.74% while IVV returned +21.54%. Year to date, EMO is up 25.83% versus a gain of 13.74% for IVV.
Over three years, EMO compounded at +30.53% per year against +22.61% for IVV; over five years the annualized figures are +30.82% and +13.31% respectively. Across the full 15-year window we track, IVV has the edge at +7.04% annualized vs -1.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EMO has been the more volatile fund, with annualized monthly volatility of 41.8% compared with 15.1% for IVV. 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 -97.2% for EMO 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
EMO charges 3.37% per year while IVV charges 0.03%. On a $10,000 position that is $337 vs $3 annually, a gap of $334 per year that compounds over a long holding period. On income, EMO currently yields 7.36% against 1.10% for IVV.
Holdings Overlap
EMO and IVV share 4 holdings out of 521 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMO or IVV?
EMO has an expense ratio of 3.37% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $334 per year of difference.
Which performed better, EMO or IVV?
Over the past year EMO returned +23.74% vs +21.54% for IVV, so EMO leads on 1-year performance. Over the longest common window we track (15 years), EMO annualized -1.19% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EMO or IVV?
EMO has been the more volatile fund at 41.8% annualized versus 15.1% for IVV. Worst drawdown: EMO -97.2% vs IVV -56.5%.
Should I hold both EMO and IVV?
EMO 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 EMO and IVV?
EMO and IVV share 4 common holdings with a 0.4% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, EMO or IVV?
EMO yields 7.36% while IVV yields 1.10%, so EMO currently pays the higher dividend yield.
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