GBLD vs IVV
Invesco MSCI Green Building 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 | GBLD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $6M | $907.0B | |
| Dividend Yield | 3.21% | 1.10% | |
| Holdings | 114 | 508 | |
| YTD Return | +4.28% | +12.28% | |
| 1Y Return | +18.62% | +20.94% | |
| 3Y Return (annualized) | +5.47% | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 17.7% | 15.1% | |
| Max Drawdown | -39.7% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 22, 2021 | May 15, 2000 |
GBLD vs IVV Performance
Invesco MSCI Green Building ETF (GBLD) 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 GBLD returned +18.62% while IVV returned +20.94%. Year to date, GBLD is up 4.28% versus a gain of 12.28% for IVV.
Over three years, GBLD compounded at +5.47% per year against +21.81% for IVV. Across the full 5-year window we track, IVV has the edge at +6.98% annualized vs -1.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GBLD has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -39.7% for GBLD 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GBLD 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, GBLD currently yields 3.21% against 1.10% for IVV.
Holdings Overlap
GBLD and IVV share 1 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GBLD | Weight in IVV | Difference |
|---|---|---|---|
| BXP | 4.02% | 0.02% | 4.00% |
Frequently Asked Questions
Which is cheaper, GBLD or IVV?
GBLD 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, GBLD or IVV?
Over the past year GBLD returned +18.62% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), GBLD annualized -1.90% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, GBLD or IVV?
GBLD has been the more volatile fund at 17.7% annualized versus 15.1% for IVV. Worst drawdown: GBLD -39.7% vs IVV -56.5%.
Should I hold both GBLD and IVV?
GBLD and IVV have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBLD and IVV?
GBLD and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, GBLD or IVV?
GBLD yields 3.21% while IVV yields 1.10%, so GBLD currently pays the higher dividend yield.
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