ICOW vs IVV
Pacer Developed Markets International Cash Cows 100 ETF vs iShares Core S&P 500 ETF
Which is better, ICOW or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. ICOW led over 1Y, IVV over 3Y, 5Y and the full window. ICOW is less concentrated, with 20.9% of the fund in its ten largest positions against 37.9%.
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 | ICOW | IVV |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $1.8B | $876.4B |
| Dividend Yield | 2.17% | 1.06% |
| Holdings | 111 | 508 |
| YTD Return | +12.91%Best | +12.51% |
| 1Y Return | +21.05%Best | +17.57% |
| 3Y Return (annualized) | +16.13% | +21.27%Best |
| 5Y Return (annualized) | +9.79% | +12.95%Best |
| Volatility (annualized) | 17.9% | 16.0%Best |
| Max Drawdown | -43.5% | -33.9%Best |
| $10,000 over 5 years | $15,952 | $18,384Best |
| Top 10 Weight | 20.9%Best | 37.9% |
| Fund Family | Pacer ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 16, 2017 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 19, 2017 to Sep 11, 2026 (9.2 years).
ICOW 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 9.2 years both funds cover.
ICOW vs IVV Performance
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is an ETF from Pacer ETFs and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year ICOW returned +21.05% while IVV returned +17.57%. Year to date, ICOW is up 12.91% versus a gain of 12.51% for IVV.
Over three years, ICOW compounded at +16.13% per year against +21.27% for IVV; over five years the annualized figures are +9.79% and +12.95% respectively. Across the full 9-year window we track, IVV has the edge at +14.00% annualized vs +9.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ICOW has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 16.0% 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 -43.5% for ICOW and -33.9% 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ICOW charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, ICOW currently yields 2.17% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 102 holdings in ICOW and 505 in IVV, totalling 99.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 102 positions we hold weights for in ICOW and 505 in IVV, against full books of 111 and 508.
What only one of them owns
Our book lists 495 positions for IVV that do not appear in our book for ICOW (99.3% of the fund), and 2 for ICOW that do not appear in IVV (2.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ICOW and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ICOW or IVV?
ICOW has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, ICOW or IVV?
Over the past year ICOW returned +21.05% vs +17.57% for IVV, so ICOW leads on 1-year performance. Over the longest common window we track (9 years), ICOW annualized +9.33% vs +14.00% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ICOW or IVV?
ICOW has been the more volatile fund at 17.9% annualized versus 16.0% for IVV. Worst drawdown: ICOW -43.5% vs IVV -33.9%.
Should I hold both ICOW and IVV?
ICOW and IVV have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ICOW or IVV?
ICOW yields 2.17% while IVV yields 1.06%, so ICOW currently pays the higher dividend yield.
Is IVV better than ICOW?
IVV has a lower expense ratio. ICOW led over 1Y, IVV over 3Y, 5Y and the full window. ICOW is less concentrated, with 20.9% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.