IAT vs IVV
iShares US Regional Banks ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IAT delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IAT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.37% | 0.03% | |
| AUM | $686M | $907.0B | |
| Dividend Yield | 2.55% | 1.10% | |
| Holdings | 35 | 508 | |
| YTD Return | +12.65% | +12.28% | |
| 1Y Return | +23.73% | +20.94% | |
| 3Y Return (annualized) | +24.46% | +21.81% | |
| 5Y Return (annualized) | +4.88% | +13.05% | |
| Volatility (annualized) | 25.5% | 15.1% | |
| Max Drawdown | -78.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 1, 2006 | May 15, 2000 |
IAT vs IVV Performance
iShares US Regional Banks ETF (IAT) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IAT returned +23.73% while IVV returned +20.94%. Year to date, IAT is up 12.65% versus a gain of 12.28% for IVV.
Over three years, IAT compounded at +24.46% per year against +21.81% for IVV; over five years the annualized figures are +4.88% and +13.05% respectively. Across the full 20-year window we track, IVV has the edge at +6.98% annualized vs +1.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IAT has been the more volatile fund, with annualized monthly volatility of 25.5% compared with 15.1% 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
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 2.55% against 1.10% for IVV.
Holdings Overlap
IAT and IVV share 10 holdings out of 527 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $34 per year of difference.
Which performed better, IAT or IVV?
Over the past year IAT returned +23.73% vs +20.94% for IVV, so IAT leads on 1-year performance. Over the longest common window we track (20 years), IAT annualized +1.85% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, IAT or IVV?
IAT has been the more volatile fund at 25.5% annualized versus 15.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IAT and IVV?
IAT and IVV share 10 common holdings with a 0.8% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, IAT or IVV?
IAT yields 2.55% while IVV yields 1.10%, so IAT currently pays the higher dividend yield.
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