IMFL vs IVV
Invesco International Developed Dynamic Multifactor ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IMFL delivered stronger 1-year returns. IMFL offers more diversification with 852 holdings.
Side-by-Side Comparison
| Metric | IMFL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.03% | |
| AUM | $1.0B | $865.2B | |
| Dividend Yield | 2.89% | 1.09% | |
| Holdings | 887 | 508 | |
| YTD Return | +14.53% | +13.80% | |
| 1Y Return | +27.02% | +23.01% | |
| 3Y Return (annualized) | +15.75% | +21.77% | |
| 5Y Return (annualized) | +8.35% | +13.39% | |
| Volatility (annualized) | 15.9% | 15.1% | |
| Max Drawdown | -33.3% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Feb 24, 2021 | May 15, 2000 |
IMFL vs IVV Performance
Invesco International Developed Dynamic Multifactor ETF (IMFL) 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 IMFL returned +27.02% while IVV returned +23.01%. Year to date, IMFL is up 14.53% versus a gain of 13.80% for IVV.
Over three years, IMFL compounded at +15.75% per year against +21.77% for IVV; over five years the annualized figures are +8.35% and +13.39% respectively. Across the full 6-year window we track, IMFL has the edge at +9.10% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMFL has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -33.3% for IMFL 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IMFL charges 0.34% per year while IVV charges 0.03%. On a $10,000 position that is $34 vs $3 annually, a gap of $31 per year that compounds over a long holding period. On income, IMFL currently yields 2.89% against 1.09% for IVV.
Holdings Overlap
IMFL and IVV share 0 holdings out of 1357 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, IMFL or IVV?
IMFL has an expense ratio of 0.34% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, IMFL or IVV?
Over the past year IMFL returned +27.02% vs +23.01% for IVV, so IMFL leads on 1-year performance. Over the longest common window we track (6 years), IMFL annualized +9.10% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, IMFL or IVV?
IMFL has been the more volatile fund at 15.9% annualized versus 15.1% for IVV. Worst drawdown: IMFL -33.3% vs IVV -56.5%.
Should I hold both IMFL and IVV?
IMFL and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IMFL and IVV?
IMFL and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1357 unique securities.
Which pays a higher dividend, IMFL or IVV?
IMFL yields 2.89% while IVV yields 1.09%, so IMFL currently pays the higher dividend yield.
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