IVOL vs IVV
Quadratic Interest Rate Volatility and Inflation Hedge ETF vs iShares Core S&P 500 ETF
Which is better, IVOL or IVV?
Inflation Protection against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | IVOL | IVV |
|---|---|---|
| Expense Ratio | 0.98% | 0.03%Best |
| AUM | $275M | $876.4B |
| Dividend Yield | 4.19% | 1.06% |
| Holdings | 12 | 508 |
| YTD Return | -9.97% | +11.57%Best |
| 1Y Return | -12.02% | +17.57%Best |
| 3Y Return (annualized) | -3.25% | +20.71%Best |
| 5Y Return (annualized) | -6.43% | +12.80%Best |
| Volatility (annualized) | 8.8%Best | 16.4% |
| Max Drawdown | -31.2%Best | -33.9% |
| $10,000 over 5 years | $7,173 | $18,262Best |
| Fund Family | Quadratic Capital Management LLC | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Blend |
| Inception | May 13, 2019 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 14, 2019 to Sep 10, 2026 (7.3 years).
IVOL 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 7.3 years both funds cover.
IVOL vs IVV Performance
Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) is an ETF from Quadratic Capital Management LLC and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year IVOL returned -12.02% while IVV returned +17.57%. Year to date, IVOL is down 9.97% versus a gain of 11.57% for IVV.
Over three years, IVOL compounded at -3.25% per year against +20.71% for IVV; over five years the annualized figures are -6.43% and +12.80% respectively. Across the full 7-year window we track, IVV has the edge at +15.54% annualized vs -2.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 8.8% for IVOL. 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 -31.2% for IVOL 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 0.07. They move largely independently of each other.
Fees and Cost Over Time
IVOL charges 0.98% per year while IVV charges 0.03%. On a $10,000 position that is $98 vs $3 annually, a gap of $95 per year that compounds over a long holding period. On income, IVOL currently yields 4.19% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 1 holding in IVOL and 505 in IVV, totalling 75.6% 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 1 positions we hold weights for in IVOL and 505 in IVV, against full books of 12 and 508.
You are not choosing between two funds in isolation.
Whichever of IVOL 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, IVOL or IVV?
IVOL has an expense ratio of 0.98% while IVV charges 0.03%. IVV is the cheaper option, by $95 a year on a $10,000 investment.
Which performed better, IVOL or IVV?
Over the past year IVOL returned -12.02% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVOL annualized -2.65% vs +15.54% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVOL or IVV?
IVV has been the more volatile fund at 16.4% annualized versus 8.8% for IVOL. Worst drawdown: IVOL -31.2% vs IVV -33.9%.
Should I hold both IVOL and IVV?
IVOL and IVV have a monthly-return correlation of 0.07, 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, IVOL or IVV?
IVOL yields 4.19% while IVV yields 1.06%, so IVOL currently pays the higher dividend yield.
Is IVV better than IVOL?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.