GVLE vs IVV
Goldman Sachs Value Opportunities ETF vs iShares Core S&P 500 ETF
Which is better, GVLE or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. GVLE led over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 50.5%.
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 | GVLE | IVV |
|---|---|---|
| Expense Ratio | 0.45% | 0.03%Best |
| AUM | $40M | $850.0B |
| Dividend Yield | 0.97% | 1.09% |
| Holdings | 64 | 1,018 |
| YTD Return | +20.93%Best | +12.12% |
| 1Y Return | +26.96%Best | +12.53% |
| 3Y Return (annualized) | - | +21.54% |
| 5Y Return (annualized) | - | +11.93% |
| Volatility (annualized) | 12.7%Best | 13.4% |
| Top 10 Weight | 50.5% | 38.8%Best |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 31, 2015 | May 15, 2000 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
GVLE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GVLE vs IVV Performance
Goldman Sachs Value Opportunities ETF (GVLE) is an ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GVLE returned +26.96% while IVV returned +12.53%. Year to date, GVLE is up 20.93% versus a gain of 12.12% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 12.7% for GVLE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GVLE charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, GVLE currently yields 0.97% against 1.09% for IVV.
Holdings Overlap
98.5% of GVLE's money is in holdings IVV also owns. 22.9% of IVV's money is in holdings GVLE also owns.
Most of GVLE is already inside IVV. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 31 positions we hold weights for in GVLE and 505 in IVV, against full books of 64 and 1,018.
What only one of them owns
Our book lists 469 positions for IVV that do not appear in our book for GVLE (77.0% of the fund), and 0 for GVLE that do not appear in IVV (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GVLE | Weight in IVV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 9.58% | 5.95% | 3.63% |
| AMZNAmazon.Com Inc | 7.86% | 3.74% | 4.12% |
| JPMJpmorgan Chase | 4.30% | 1.34% | 2.96% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 4.11% | 1.47% | 2.64% |
| MRKMerck & Company Inc | 4.72% | 0.55% | 4.17% |
| TMOThermo Fisher | 4.33% | 0.37% | 3.96% |
| METAMeta Platforms Inc | 2.19% | 2.44% | 0.25% |
| COPConocophillips Common Stock USD 0.01 | 4.35% | 0.26% | 4.09% |
| WMTWalmart Inc | 3.77% | 0.78% | 2.99% |
| ETN:IEEaton Corporation Plc | 3.95% | 0.24% | 3.71% |
98.5% of GVLE is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GVLE or IVV?
GVLE has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, GVLE or IVV?
Over the past year GVLE returned +26.96% vs +12.53% for IVV, so GVLE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVLE or IVV?
IVV has been the more volatile fund at 13.4% annualized versus 12.7% for GVLE.
Should I hold both GVLE and IVV?
GVLE and IVV have a monthly-return correlation of 0.83, 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 GVLE and IVV?
98.5% of GVLE's money is in holdings IVV also owns. 22.9% of IVV's is in holdings GVLE also owns. They hold 31 positions in common, counted across the 31 positions we hold weights for in GVLE and 505 in IVV.
Which pays a higher dividend, GVLE or IVV?
GVLE yields 0.97% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Is IVV better than GVLE?
IVV has a lower expense ratio. GVLE led over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 50.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.