IEZ vs IVV
iShares US Oil Equipment & Services ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IEZ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IEZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.37% | 0.03% | |
| AUM | $381M | $907.0B | |
| Dividend Yield | 1.27% | 1.10% | |
| Holdings | 35 | 508 | |
| YTD Return | +37.66% | +12.71% | |
| 1Y Return | +68.47% | +21.89% | |
| 3Y Return (annualized) | +10.23% | +22.08% | |
| 5Y Return (annualized) | +20.59% | +12.96% | |
| Volatility (annualized) | 37.8% | 15.1% | |
| Max Drawdown | -93.5% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 1, 2006 | May 15, 2000 |
IEZ vs IVV Performance
iShares US Oil Equipment & Services ETF (IEZ) 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 IEZ returned +68.47% while IVV returned +21.89%. Year to date, IEZ is up 37.66% versus a gain of 12.71% for IVV.
Over three years, IEZ compounded at +10.23% per year against +22.08% for IVV; over five years the annualized figures are +20.59% and +12.96% respectively. Across the full 20-year window we track, IVV has the edge at +7.00% annualized vs -2.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IEZ has been the more volatile fund, with annualized monthly volatility of 37.8% 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 -93.5% for IEZ 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IEZ 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, IEZ currently yields 1.27% against 1.10% for IVV.
Holdings Overlap
IEZ and IVV share 4 holdings out of 533 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IEZ or IVV?
IEZ 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, IEZ or IVV?
Over the past year IEZ returned +68.47% vs +21.89% for IVV, so IEZ leads on 1-year performance. Over the longest common window we track (20 years), IEZ annualized -2.44% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, IEZ or IVV?
IEZ has been the more volatile fund at 37.8% annualized versus 15.1% for IVV. Worst drawdown: IEZ -93.5% vs IVV -56.5%.
Should I hold both IEZ and IVV?
IEZ and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IEZ and IVV?
IEZ and IVV share 4 common holdings with a 0.3% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, IEZ or IVV?
IEZ yields 1.27% while IVV yields 1.10%, so IEZ currently pays the higher dividend yield.
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