IIGD vs IVV
Invesco Investment Grade Defensive 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 505 holdings.
Side-by-Side Comparison
| Metric | IIGD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.03% | |
| AUM | $27M | $865.2B | |
| Dividend Yield | 4.26% | 1.09% | |
| Holdings | 167 | 508 | |
| YTD Return | +0.71% | +14.50% | |
| 1Y Return | +2.62% | +22.02% | |
| 3Y Return (annualized) | +5.39% | +21.80% | |
| 5Y Return (annualized) | +1.69% | +13.37% | |
| Volatility (annualized) | 3.7% | 15.1% | |
| Max Drawdown | -13.1% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 25, 2018 | May 15, 2000 |
IIGD vs IVV Performance
Invesco Investment Grade Defensive ETF (IIGD) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IIGD returned +2.62% while IVV returned +22.02%. Year to date, IIGD is up 0.71% versus a gain of 14.50% for IVV.
Over three years, IIGD compounded at +5.39% per year against +21.80% for IVV; over five years the annualized figures are +1.69% and +13.37% respectively. Across the full 8-year window we track, IVV has the edge at +7.07% annualized vs +1.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.7% for IIGD. 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 -13.1% for IIGD 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IIGD charges 0.13% per year while IVV charges 0.03%. On a $10,000 position that is $13 vs $3 annually, a gap of $10 per year that compounds over a long holding period. On income, IIGD currently yields 4.26% against 1.09% for IVV.
Holdings Overlap
IIGD and IVV share 0 holdings out of 656 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IIGD or IVV?
IIGD has an expense ratio of 0.13% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IIGD or IVV?
Over the past year IIGD returned +2.62% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IIGD annualized +1.92% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, IIGD or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.7% for IIGD. Worst drawdown: IIGD -13.1% vs IVV -56.5%.
Should I hold both IIGD and IVV?
IIGD and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IIGD and IVV?
IIGD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 656 unique securities.
Which pays a higher dividend, IIGD or IVV?
IIGD yields 4.26% while IVV yields 1.09%, so IIGD currently pays the higher dividend yield.
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