IAT vs IVV
iShares US Regional Banks ETF vs iShares Core S&P 500 ETF
Which is better, IAT or IVV?
Mid Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IAT led over 3Y, IVV over 1Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 71.1%.
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 | IAT | IVV |
|---|---|---|
| Expense Ratio | 0.37% | 0.03%Best |
| AUM | $605M | $882.6B |
| Dividend Yield | 2.63% | 1.06% |
| Holdings | 34 | 508 |
| YTD Return | +5.06% | +13.60%Best |
| 1Y Return | +13.98% | +16.32%Best |
| 3Y Return (annualized) | +25.51%Best | +23.81% |
| 5Y Return (annualized) | +1.73% | +14.03%Best |
| Volatility (annualized) | 25.4% | 15.2%Best |
| Max Drawdown | -78.8% | -56.5%Best |
| $10,000 over 5 years | $10,895 | $19,279Best |
| Top 10 Weight | 71.1% | 38.1%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | 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 Oct 2, 2026 (20.4 years).
IAT 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.
IAT vs IVV Performance
iShares US Regional Banks ETF (IAT) 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 IAT returned +13.98% while IVV returned +16.32%. Year to date, IAT is up 5.06% versus a gain of 13.60% for IVV.
Over three years, IAT compounded at +25.51% per year against +23.81% for IVV; over five years the annualized figures are +1.73% and +14.03% respectively. Across the full 20-year window we track, IVV has the edge at +9.44% annualized vs +1.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAT has been the more volatile fund, with annualized monthly volatility of 25.4% 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 -78.8% for IAT 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 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IAT 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, IAT currently yields 2.63% against 1.06% for IVV.
Holdings Overlap
67.8% of IAT's money is in holdings IVV also owns. 0.9% of IVV's money is in holdings IAT also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 31 positions we hold weights for in IAT and 505 in IVV, against full books of 34 and 508.
What only one of them owns
Measured across the 31 and 505 positions we hold weights for.
IVV holds 487 positions IAT does not, 98.3% of the fund.
Largest: NVDA 8.00%, AAPL 7.39%, MSFT 5.57%, AMZN 3.80%, GOOGL 3.00%
Top Shared Holdings
| Stock | Weight in IAT | Weight in IVV | Difference |
|---|---|---|---|
| PNCPnc Financial Services Group Inc. | 15.16% | 0.15% | 15.01% |
| USBUS Bancorp | 15.08% | 0.15% | 14.93% |
| TFCTruist Financial Corp. | 9.71% | 0.10% | 9.61% |
| FITBFifth Third Bancorp | 6.34% | 0.08% | 6.26% |
| CFGCitizens Financial Group Inc. | 4.75% | 0.05% | 4.70% |
| MTBM&T Bank Corp | 4.69% | 0.05% | 4.64% |
| HBANHuntington Bancshares Inc./Oh | 4.38% | 0.05% | 4.33% |
| RFRegions Financia | 4.26% | 0.04% | 4.22% |
| KEYKeycorp | 3.34% | 0.03% | 3.31% |
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.05% | 0.20% | 0.15% |
67.8% of IAT 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, IAT or IVV?
IAT 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, IAT or IVV?
Over the past year IAT returned +13.98% vs +16.32% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IAT annualized +1.53% vs +9.44% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IAT or IVV?
IAT has been the more volatile fund at 25.4% annualized versus 15.2% for IVV. Worst drawdown: IAT -78.8% vs IVV -56.5%.
Should I hold both IAT and IVV?
IAT and IVV have a monthly-return correlation of 0.66, 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 IAT and IVV?
67.8% of IAT's money is in holdings IVV also owns. 0.9% of IVV's is in holdings IAT also owns. They hold 10 positions in common, counted across the 31 positions we hold weights for in IAT and 505 in IVV.
Which pays a higher dividend, IAT or IVV?
IAT yields 2.63% while IVV yields 1.06%, so IAT currently pays the higher dividend yield.
Is IVV better than IAT?
IVV has a lower expense ratio. IAT led over 3Y, IVV over 1Y, 5Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 71.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.