INKM vs IVV
State Street Income Allocation 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 508 holdings.
Side-by-Side Comparison
| Metric | INKM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $75M | $907.0B | |
| Dividend Yield | 4.78% | 1.10% | |
| Holdings | 15 | 508 | |
| YTD Return | +7.13% | +12.28% | |
| 1Y Return | +10.53% | +20.94% | |
| 3Y Return (annualized) | +10.93% | +21.81% | |
| 5Y Return (annualized) | +4.40% | +13.05% | |
| Volatility (annualized) | 9.4% | 15.1% | |
| Max Drawdown | -28.6% | -56.5% | |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 25, 2012 | May 15, 2000 |
INKM vs IVV Performance
State Street Income Allocation ETF (INKM) is a ETF from State Street Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year INKM returned +10.53% while IVV returned +20.94%. Year to date, INKM is up 7.13% versus a gain of 12.28% for IVV.
Over three years, INKM compounded at +10.93% per year against +21.81% for IVV; over five years the annualized figures are +4.40% and +13.05% respectively. Across the full 14-year window we track, IVV has the edge at +6.98% annualized vs +2.83%. 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 9.4% for INKM. 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 -28.6% for INKM 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
INKM charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, INKM currently yields 4.78% against 1.10% for IVV.
Holdings Overlap
INKM and IVV share 0 holdings out of 520 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, INKM or IVV?
INKM has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, INKM or IVV?
Over the past year INKM returned +10.53% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (14 years), INKM annualized +2.83% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, INKM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.4% for INKM. Worst drawdown: INKM -28.6% vs IVV -56.5%.
Should I hold both INKM and IVV?
INKM and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INKM and IVV?
INKM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, INKM or IVV?
INKM yields 4.78% while IVV yields 1.10%, so INKM currently pays the higher dividend yield.
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