EPSV vs IVV
Harbor SMID Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EPSV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | EPSV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.88% | 0.03% | |
| AUM | $6M | $907.0B | |
| Dividend Yield | 2.26% | 1.10% | |
| Holdings | 58 | 508 | |
| YTD Return | +26.41% | +12.71% | |
| 1Y Return | +38.47% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 13.6% | 15.1% | |
| Max Drawdown | -8.9% | -56.5% | |
| Fund Family | Harbor Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 1, 2025 | May 15, 2000 |
EPSV vs IVV Performance
Harbor SMID Cap Value ETF (EPSV) is a ETF from Harbor Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EPSV returned +38.47% while IVV returned +21.89%. Year to date, EPSV is up 26.41% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.6% for EPSV. 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 -8.9% for EPSV 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EPSV charges 0.88% per year while IVV charges 0.03%. On a $10,000 position that is $88 vs $3 annually, a gap of $85 per year that compounds over a long holding period. On income, EPSV currently yields 2.26% against 1.10% for IVV.
Holdings Overlap
EPSV and IVV share 14 holdings out of 552 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EPSV or IVV?
EPSV has an expense ratio of 0.88% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, EPSV or IVV?
Over the past year EPSV returned +38.47% vs +21.89% for IVV, so EPSV leads on 1-year performance. Over the longest common window we track (1 years), EPSV annualized +40.42% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, EPSV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.6% for EPSV. Worst drawdown: EPSV -8.9% vs IVV -56.5%.
Should I hold both EPSV and IVV?
EPSV and IVV have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EPSV and IVV?
EPSV and IVV share 14 common holdings with a 0.6% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, EPSV or IVV?
EPSV yields 2.26% while IVV yields 1.10%, so EPSV currently pays the higher dividend yield.
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