GBIL vs IVV
Goldman Sachs Access Treasury 0-1 Year 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 508 holdings.
Side-by-Side Comparison
| Metric | GBIL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.03% | |
| AUM | $7.6B | $907.0B | |
| Dividend Yield | 3.71% | 1.10% | |
| Holdings | 40 | 508 | |
| YTD Return | +2.20% | +12.71% | |
| 1Y Return | +3.78% | +21.89% | |
| 3Y Return (annualized) | +4.54% | +22.08% | |
| 5Y Return (annualized) | +3.49% | +12.96% | |
| Volatility (annualized) | 0.8% | 15.1% | |
| Max Drawdown | -1.0% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 6, 2016 | May 15, 2000 |
GBIL vs IVV Performance
Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GBIL returned +3.78% while IVV returned +21.89%. Year to date, GBIL is up 2.20% versus a gain of 12.71% for IVV.
Over three years, GBIL compounded at +4.54% per year against +22.08% for IVV; over five years the annualized figures are +3.49% and +12.96% respectively. Across the full 10-year window we track, IVV has the edge at +7.00% annualized vs +1.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.8% for GBIL. 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 -1.0% for GBIL 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GBIL charges 0.12% per year while IVV charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, GBIL currently yields 3.71% against 1.10% for IVV.
Holdings Overlap
GBIL and IVV share 0 holdings out of 521 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GBIL or IVV?
GBIL has an expense ratio of 0.12% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, GBIL or IVV?
Over the past year GBIL returned +3.78% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), GBIL annualized +1.74% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GBIL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 0.8% for GBIL. Worst drawdown: GBIL -1.0% vs IVV -56.5%.
Should I hold both GBIL and IVV?
GBIL and IVV have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBIL and IVV?
GBIL and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, GBIL or IVV?
GBIL yields 3.71% while IVV yields 1.10%, so GBIL currently pays the higher dividend yield.
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