GDV vs IVV
Gabelli Dividend & Income Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GDV offers more diversification with 715 holdings.
Side-by-Side Comparison
| Metric | GDV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.30% | 0.03% | |
| AUM | $3.5B | $907.0B | |
| Dividend Yield | 5.23% | 1.10% | |
| Holdings | 715 | 508 | |
| YTD Return | +13.64% | +13.22% | |
| 1Y Return | +21.62% | +21.62% | |
| 3Y Return (annualized) | +20.94% | +22.17% | |
| 5Y Return (annualized) | +9.46% | +13.42% | |
| Volatility (annualized) | 19.1% | 15.1% | |
| Max Drawdown | -73.3% | -56.5% | |
| Fund Family | Gabelli Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2003 | May 15, 2000 |
GDV vs IVV Performance
Gabelli Dividend & Income Trust (GDV) is a ETF from Gabelli Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GDV returned +21.62% while IVV returned +21.62%. Year to date, GDV is up 13.64% versus a gain of 13.22% for IVV.
Over three years, GDV compounded at +20.94% per year against +22.17% for IVV; over five years the annualized figures are +9.46% and +13.42% respectively. Across the full 23-year window we track, IVV has the edge at +7.02% annualized vs +3.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDV has been the more volatile fund, with annualized monthly volatility of 19.1% 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 -73.3% for GDV 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GDV charges 1.30% per year while IVV charges 0.03%. On a $10,000 position that is $130 vs $3 annually, a gap of $127 per year that compounds over a long holding period. On income, GDV currently yields 5.23% against 1.10% for IVV.
Holdings Overlap
GDV and IVV share 218 holdings out of 966 unique holdings combined, representing a 36.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GDV or IVV?
GDV has an expense ratio of 1.30% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $127 per year of difference.
Which performed better, GDV or IVV?
Over the past year GDV returned +21.62% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (23 years), GDV annualized +3.37% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, GDV or IVV?
GDV has been the more volatile fund at 19.1% annualized versus 15.1% for IVV. Worst drawdown: GDV -73.3% vs IVV -56.5%.
Should I hold both GDV and IVV?
GDV and IVV have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between GDV and IVV?
GDV and IVV share 218 common holdings with a 36.0% weight overlap. Combined, they hold 966 unique securities.
Which pays a higher dividend, GDV or IVV?
GDV yields 5.23% while IVV yields 1.10%, so GDV currently pays the higher dividend yield.
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