ICAP vs IVV
Infrastructure Capital Equity Income ETF vs iShares Core S&P 500 ETF
Which is better, ICAP or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window.
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 | ICAP | IVV |
|---|---|---|
| Expense Ratio | 2.47% | 0.03%Best |
| AUM | $118M | $876.4B |
| Dividend Yield | 10.94% | 1.06% |
| Holdings | 174 | 508 |
| YTD Return | +8.94% | +14.15%Best |
| 1Y Return | +13.34% | +17.31%Best |
| 3Y Return (annualized) | +18.27% | +23.17%Best |
| 5Y Return (annualized) | - | +13.85% |
| Volatility (annualized) | 19.3% | 15.8%Best |
| Max Drawdown | -24.2%Best | -24.5% |
| $10,000 over 4.7 years | $14,402 | $17,257Best |
| Fund Family | Infrastructure Capital Advisors, LLC | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 28, 2021 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Dec 29, 2021 to Sep 21, 2026 (4.7 years).
ICAP 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 4.7 years both funds cover.
ICAP vs IVV Performance
Infrastructure Capital Equity Income ETF (ICAP) is an ETF from Infrastructure Capital Advisors, LLC and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year ICAP returned +13.34% while IVV returned +17.31%. Year to date, ICAP is up 8.94% versus a gain of 14.15% for IVV.
Over three years, ICAP compounded at +18.27% per year against +23.17% for IVV.
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 15.8% 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 -24.5% 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 0.81. 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 10.94% against 1.06% for IVV.
Holdings Overlap
At least 38.4% of IVV's money is in holdings ICAP also owns.
Only one direction is shown: for ICAP, our book for it lists positions totalling 125.5% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
48 positions in common, counted across the 82 positions we hold weights for in ICAP and 490 in IVV, against full books of 174 and 508.
Top Shared Holdings
| Stock | Weight in ICAP | Weight in IVV | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 6.57% | 2.65% | 3.92% |
| NVDANvidia Corp | 0.92% | 8.07% | 7.15% |
| MSFTMicrosoft Corp | 3.21% | 5.69% | 2.48% |
| AMZNAmazon.Com Inc | 4.48% | 3.84% | 0.64% |
| LMTLockheed Martin Corp | 6.33% | 0.17% | 6.16% |
| MRVLMarvell Technology Group Ltd. | 4.51% | 0.28% | 4.23% |
| DHIDr Horton Inc. | 4.34% | 0.06% | 4.28% |
| LENLennar Corp. Class A | 3.92% | 0.03% | 3.89% |
| XOMExxon Mobil Corp. | 2.64% | 1.01% | 1.63% |
| MRKMerck & Company Inc | 3.00% | 0.55% | 2.45% |
38.4% of IVV is already inside ICAP.
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, ICAP or IVV?
ICAP has an expense ratio of 2.47% while IVV charges 0.03%. IVV is the cheaper option, by $244 a year on a $10,000 investment.
Which performed better, ICAP or IVV?
Over the past year ICAP returned +13.34% vs +17.31% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ICAP or IVV?
ICAP has been the more volatile fund at 19.3% annualized versus 15.8% for IVV. Worst drawdown: ICAP -24.2% vs IVV -24.5%.
Should I hold both ICAP and IVV?
ICAP and IVV have a monthly-return correlation of 0.81, 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 ICAP and IVV?
At least 38.4% of IVV's money is in holdings ICAP also owns. Our book for ICAP is partial, so the real figure is this or higher. They hold 48 positions in common, counted across the 82 positions we hold weights for in ICAP and 490 in IVV.
Which pays a higher dividend, ICAP or IVV?
ICAP yields 10.94% while IVV yields 1.06%, so ICAP currently pays the higher dividend yield.
Is IVV better than ICAP?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.