ICAP vs IVV
Infrastructure Capital Equity Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ICAP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 2.47% | 0.03% | |
| AUM | $120M | $886.7B | |
| Dividend Yield | 10.85% | 1.10% | |
| Holdings | 174 | 508 | |
| YTD Return | +7.10% | +12.13% | |
| 1Y Return | +14.36% | +20.37% | |
| 3Y Return (annualized) | +16.20% | +20.91% | |
| 5Y Return (annualized) | - | +12.59% | |
| Volatility (annualized) | 19.3% | 15.1% | |
| Max Drawdown | -24.2% | -56.5% | |
| Fund Family | Infrastructure Capital Advisors, LLC | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2021 | May 15, 2000 |
ICAP vs IVV Performance
Infrastructure Capital Equity Income ETF (ICAP) is a ETF from Infrastructure Capital Advisors, LLC and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ICAP returned +14.36% while IVV returned +20.37%. Year to date, ICAP is up 7.10% versus a gain of 12.13% for IVV.
Over three years, ICAP compounded at +16.20% per year against +20.91% for IVV. Across the full 5-year window we track, ICAP has the edge at +7.78% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ICAP has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -24.2% for ICAP 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ICAP charges 2.47% per year while IVV charges 0.03%. On a $10,000 position that is $247 vs $3 annually, a gap of $244 per year that compounds over a long holding period. On income, ICAP currently yields 10.85% against 1.10% for IVV.
Holdings Overlap
ICAP and IVV share 49 holdings out of 538 unique holdings combined, representing a 24.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ICAP or IVV?
ICAP has an expense ratio of 2.47% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $244 per year of difference.
Which performed better, ICAP or IVV?
Over the past year ICAP returned +14.36% vs +20.37% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), ICAP annualized +7.78% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, ICAP or IVV?
ICAP has been the more volatile fund at 19.3% annualized versus 15.1% for IVV. Worst drawdown: ICAP -24.2% vs IVV -56.5%.
Should I hold both ICAP and IVV?
ICAP and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ICAP and IVV?
ICAP and IVV share 49 common holdings with a 24.1% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, ICAP or IVV?
ICAP yields 10.85% while IVV yields 1.10%, so ICAP currently pays the higher dividend yield.
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