GVI vs IVV
iShares Intermediate Government/Credit Bond ETF vs iShares Core S&P 500 ETF
Which is better, GVI or IVV?
Intermediate Term Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GVI | IVV |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $3.7B | $882.6B |
| Dividend Yield | 3.66% | 1.06% |
| Holdings | 6,187 | 508 |
| YTD Return | -4.22% | +13.60%Best |
| 1Y Return | -3.72% | +16.32%Best |
| 3Y Return (annualized) | +3.31% | +23.81%Best |
| 5Y Return (annualized) | +0.02% | +14.03%Best |
| Volatility (annualized) | 25.1% | 15.4%Best |
| Max Drawdown | -39.1%Best | -56.5% |
| $10,000 over 5 years | $10,010 | $19,279Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Intermediate Term Bond | Large Cap Blend |
| Inception | Jan 5, 2007 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 11, 2007 to Oct 2, 2026 (19.7 years).
GVI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.7 years both funds cover.
GVI vs IVV Performance
iShares Intermediate Government/Credit Bond ETF (GVI) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GVI returned -3.72% while IVV returned +16.32%. Year to date, GVI is down 4.22% versus a gain of 13.60% for IVV.
Over three years, GVI compounded at +3.31% per year against +23.81% for IVV; over five years the annualized figures are +0.02% and +14.03% respectively. Across the full 20-year window we track, IVV has the edge at +9.39% annualized vs +2.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVI has been the more volatile fund, with annualized monthly volatility of 25.1% compared with 15.4% 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 -39.1% for GVI and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.03. They move largely independently of each other.
Fees and Cost Over Time
GVI charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, GVI currently yields 3.66% against 1.06% for IVV.
Holdings Overlap
At least 1.1% of IVV's money is in holdings GVI also owns.
Stated as a floor: for GVI, our book for it covers 71.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and GVI share little of their money.
7 positions in common, counted across the 4,914 positions we hold weights for in GVI and 505 in IVV, against full books of 6,187 and 508.
Top Shared Holdings
| Stock | Weight in GVI | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.41% | 0.20% | 0.21% |
| GEGeneral Electric Co. | 0.01% | 0.51% | 0.50% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.04% | 0.13% | 0.09% |
| AONAon Plc | 0.00% | 0.10% | 0.10% |
| KDPKeurig Dr Pepper Inc (kdp Us) | 0.01% | 0.06% | 0.05% |
| HUBBHubbell Inc | 0.00% | 0.04% | 0.04% |
| CNPCenterpoint Energy Inc. | 0.00% | 0.04% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of GVI and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GVI or IVV?
GVI has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, GVI or IVV?
Over the past year GVI returned -3.72% vs +16.32% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), GVI annualized +2.60% vs +9.39% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVI or IVV?
GVI has been the more volatile fund at 25.1% annualized versus 15.4% for IVV. Worst drawdown: GVI -39.1% vs IVV -56.5%.
Should I hold both GVI and IVV?
GVI and IVV have a monthly-return correlation of 0.03, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GVI and IVV?
At least 1.1% of IVV's money is in holdings GVI also owns. Our book for GVI is partial, so the real figure is this or higher. They hold 7 positions in common, counted across the 4,914 positions we hold weights for in GVI and 505 in IVV.
Which pays a higher dividend, GVI or IVV?
GVI yields 3.66% while IVV yields 1.06%, so GVI currently pays the higher dividend yield.
Is IVV better than GVI?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.