IAI vs IVV
iShares US Broker-Dealers & Securities Exchanges ETF vs iShares Core S&P 500 ETF
Which is better, IAI or IVV?
All Cap Blend against Large Cap Blend.
IVV has a lower expense ratio. IAI led over 3Y and 5Y, IVV over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 74.7%.
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 | IAI | IVV |
|---|---|---|
| Expense Ratio | 0.37% | 0.03%Best |
| AUM | $1.4B | $876.4B |
| Dividend Yield | 1.10% | 1.06% |
| Holdings | 40 | 508 |
| YTD Return | +5.09% | +11.57%Best |
| 1Y Return | +9.44% | +17.57%Best |
| 3Y Return (annualized) | +28.10%Best | +20.71% |
| 5Y Return (annualized) | +13.87%Best | +12.80% |
| Volatility (annualized) | 22.5% | 15.2%Best |
| Max Drawdown | -75.8% | -56.5%Best |
| $10,000 over 5 years | $19,145Best | $18,262 |
| Top 10 Weight | 74.7% | 37.9%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | May 1, 2006 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 5, 2006 to Sep 10, 2026 (20.4 years).
IAI 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 20.4 years both funds cover.
IAI vs IVV Performance
iShares US Broker-Dealers & Securities Exchanges ETF (IAI) 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 IAI returned +9.44% while IVV returned +17.57%. Year to date, IAI is up 5.09% versus a gain of 11.57% for IVV.
Over three years, IAI compounded at +28.10% per year against +20.71% for IVV; over five years the annualized figures are +13.87% and +12.80% respectively. Across the full 20-year window we track, IVV has the edge at +9.38% annualized vs +7.12%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAI has been the more volatile fund, with annualized monthly volatility of 22.5% compared with 15.2% 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 -75.8% for IAI 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IAI charges 0.37% per year while IVV charges 0.03%. On a $10,000 position that is $37 vs $3 annually, a gap of $34 per year that compounds over a long holding period. On income, IAI currently yields 1.10% against 1.06% for IVV.
Holdings Overlap
88.2% of IAI's money is in holdings IVV also owns. 2.3% of IVV's money is in holdings IAI also owns.
Most of IAI is already inside IVV. Owning both mostly buys the same companies twice.
16 positions in common, counted across the 36 positions we hold weights for in IAI and 505 in IVV, against full books of 40 and 508.
What only one of them owns
Measured across the 36 and 505 positions we hold weights for.
IVV holds 479 positions IAI does not, 97.0% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
Top Shared Holdings
| Stock | Weight in IAI | Weight in IVV | Difference |
|---|---|---|---|
| GSGoldman Sachs Group Inc. | 18.71% | 0.47% | 18.24% |
| MSMorgan Stanley | 16.01% | 0.39% | 15.62% |
| SCHWCharles Schwab Corp. | 9.27% | 0.27% | 9.00% |
| HOODRobinhood Markets Inc - A | 5.03% | 0.11% | 4.92% |
| ICEInterContinental Hotels Group PLC Ord Gbp0.208521303 | 4.78% | 0.13% | 4.65% |
| MCOMoody'S Corp. | 4.61% | 0.11% | 4.50% |
| CMECme Group Inc. | 4.56% | 0.14% | 4.42% |
| SPGIS&p Global Inc | 4.34% | 0.19% | 4.15% |
| NDAQNasdaq Inc. | 3.82% | 0.06% | 3.76% |
| MSCIMsci Inc. Class A | 3.59% | 0.06% | 3.53% |
88.2% of IAI 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, IAI or IVV?
IAI has an expense ratio of 0.37% while IVV charges 0.03%. IVV is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, IAI or IVV?
Over the past year IAI returned +9.44% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IAI annualized +7.12% vs +9.38% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IAI or IVV?
IAI has been the more volatile fund at 22.5% annualized versus 15.2% for IVV. Worst drawdown: IAI -75.8% vs IVV -56.5%.
Should I hold both IAI and IVV?
IAI 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 IAI and IVV?
88.2% of IAI's money is in holdings IVV also owns. 2.3% of IVV's is in holdings IAI also owns. They hold 16 positions in common, counted across the 36 positions we hold weights for in IAI and 505 in IVV.
Which pays a higher dividend, IAI or IVV?
IAI yields 1.10% while IVV yields 1.06%, so IAI currently pays the higher dividend yield.
Is IVV better than IAI?
IVV has a lower expense ratio. IAI led over 3Y and 5Y, IVV over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 74.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.