GIGB vs IVV
Goldman Sachs Access Investment Grade Corporate Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. GIGB offers more diversification with 2,467 holdings.
Side-by-Side Comparison
| Metric | GIGB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $976M | $907.0B | |
| Dividend Yield | 4.70% | 1.10% | |
| Holdings | 2,467 | 508 | |
| YTD Return | -0.27% | +12.28% | |
| 1Y Return | +2.06% | +20.94% | |
| 3Y Return (annualized) | +5.42% | +21.81% | |
| 5Y Return (annualized) | -0.30% | +13.05% | |
| Volatility (annualized) | 7.2% | 15.1% | |
| Max Drawdown | -23.1% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 6, 2017 | May 15, 2000 |
GIGB vs IVV Performance
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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 GIGB returned +2.06% while IVV returned +20.94%. Year to date, GIGB is down 0.27% versus a gain of 12.28% for IVV.
Over three years, GIGB compounded at +5.42% per year against +21.81% for IVV; over five years the annualized figures are -0.30% and +13.05% respectively. Across the full 9-year window we track, IVV has the edge at +6.98% annualized vs +1.08%. 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 7.2% for GIGB. 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 -23.1% for GIGB 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GIGB charges 0.08% per year while IVV charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, GIGB currently yields 4.70% against 1.10% for IVV.
Holdings Overlap
GIGB and IVV share 1 holdings out of 2046 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GIGB | Weight in IVV | Difference |
|---|---|---|---|
| KDP | 0.14% | 0.06% | 0.08% |
Frequently Asked Questions
Which is cheaper, GIGB or IVV?
GIGB has an expense ratio of 0.08% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, GIGB or IVV?
Over the past year GIGB returned +2.06% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), GIGB annualized +1.08% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, GIGB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.2% for GIGB. Worst drawdown: GIGB -23.1% vs IVV -56.5%.
Should I hold both GIGB and IVV?
GIGB and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GIGB and IVV?
GIGB and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 2046 unique securities.
Which pays a higher dividend, GIGB or IVV?
GIGB yields 4.70% while IVV yields 1.10%, so GIGB currently pays the higher dividend yield.
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