IVV vs IYLD
iShares Core S&P 500 ETF vs iShares Morningstar Multi-Asset Income ETF
Which is better, IVV or IYLD?
Large Cap Blend against Allocation/Balanced.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 99.6%.
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 | IVV | IYLD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $126M |
| Dividend Yield | 1.06% | 4.59% |
| Holdings | 508 | 19,236 |
| YTD Return | +12.39%Best | +2.23% |
| 1Y Return | +16.61%Best | +4.42% |
| 3Y Return (annualized) | +21.38%Best | +8.51% |
| 5Y Return (annualized) | +13.51%Best | +2.49% |
| Volatility (annualized) | 14.1% | 9.3%Best |
| Max Drawdown | -33.9% | -30.2%Best |
| $10,000 over 5 years | $18,844Best | $11,309 |
| Top 10 Weight | 37.8%Best | 99.6% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Allocation/Balanced |
| Inception | May 15, 2000 | Apr 3, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Apr 5, 2012 to Sep 18, 2026 (14.5 years).
IVV vs IYLD 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 14.5 years both funds cover.
IVV vs IYLD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Morningstar Multi-Asset Income ETF (IYLD) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +16.61% while IYLD returned +4.42%. Year to date, IVV is up 12.39% versus a gain of 2.23% for IYLD.
Over three years, IVV compounded at +21.38% per year against +8.51% for IYLD; over five years the annualized figures are +13.51% and +2.49% respectively. Across the full 15-year window we track, IVV has the edge at +13.07% annualized vs +3.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.3% for IYLD. 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 -33.9% for IVV and -30.2% for IYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IYLD charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 4.59% for IYLD.
Holdings Overlap
0.1% of IVV's money is in holdings IYLD also owns. 0.1% of IYLD's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 490 positions we hold weights for in IVV and 11 in IYLD, against full books of 508 and 19,236.
What only one of them owns
Our book lists 10 positions for IYLD that do not appear in our book for IVV (99.6% of the fund), and 481 for IVV that do not appear in IYLD (98.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IYLD | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.15% | 0.09% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of IVV and IYLD 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, IVV or IYLD?
IVV has an expense ratio of 0.03% while IYLD charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or IYLD?
Over the past year IVV returned +16.61% vs +4.42% for IYLD, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +13.07% vs +3.88% for IYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IYLD?
IVV has been the more volatile fund at 14.1% annualized versus 9.3% for IYLD. Worst drawdown: IVV -33.9% vs IYLD -30.2%.
Should I hold both IVV and IYLD?
IVV and IYLD have a monthly-return correlation of 0.73, 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, IVV or IYLD?
IVV yields 1.06% while IYLD yields 4.59%, so IYLD currently pays the higher dividend yield.
Is IYLD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 99.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.