IVV vs IYR
iShares Core S&P 500 ETF vs iShares US Real Estate ETF
Which is better, IVV or IYR?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 52.4%.
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 | IYR |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.37% |
| AUM | $876.4B | $4.4B |
| Dividend Yield | 1.06% | 2.21% |
| Holdings | 508 | 65 |
| YTD Return | +12.51%Best | +8.02% |
| 1Y Return | +17.57%Best | +4.72% |
| 3Y Return (annualized) | +21.27%Best | +8.86% |
| 5Y Return (annualized) | +12.95%Best | +1.27% |
| Volatility (annualized) | 15.1%Best | 19.8% |
| Max Drawdown | -56.5%Best | -76.5% |
| $10,000 over 5 years | $18,384Best | $10,651 |
| Top 10 Weight | 37.9%Best | 52.4% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Jun 12, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jun 19, 2000 to Sep 11, 2026 (26.2 years).
IVV vs IYR 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 26.2 years both funds cover.
IVV vs IYR Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares US Real Estate ETF (IYR) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while IYR returned +4.72%. Year to date, IVV is up 12.51% versus a gain of 8.02% for IYR.
Over three years, IVV compounded at +21.27% per year against +8.86% for IYR; over five years the annualized figures are +12.95% and +1.27% respectively. Across the full 26-year window we track, IVV has the edge at +6.78% annualized vs +4.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYR has been the more volatile fund, with annualized monthly volatility of 19.8% 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 -56.5% for IVV and -76.5% for IYR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while IYR charges 0.37%. On a $10,000 position that is $3 vs $37 annually, a gap of $34 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.21% for IYR.
Holdings Overlap
2.0% of IVV's money is in holdings IYR also owns. 80.6% of IYR's money is in holdings IVV also owns.
Most of IYR is already inside IVV. Owning both mostly buys the same companies twice.
32 positions in common, counted across the 505 positions we hold weights for in IVV and 62 in IYR, against full books of 508 and 65.
What only one of them owns
Our book lists 30 positions for IYR that do not appear in our book for IVV (19.4% of the fund), and 464 for IVV that do not appear in IYR (97.4%).
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 IYR | Difference |
|---|---|---|---|
| WELLWelltower Inc | 0.25% | 10.99% | 10.74% |
| PLDPrologis Inc | 0.20% | 8.96% | 8.76% |
| DLRDigital Realty Trust Inc. | 0.10% | 4.87% | 4.77% |
| SPGSimon Property Group Inc | 0.11% | 4.66% | 4.55% |
| EQIXEquinix, Inc. | 0.16% | 4.48% | 4.32% |
| ORealty Income Corp. | 0.09% | 4.20% | 4.11% |
| PSAPublic Storage | 0.08% | 3.94% | 3.86% |
| AMTAmerican Tower Corp | 0.12% | 3.85% | 3.73% |
| VTRVentas, Inc. | 0.07% | 3.23% | 3.16% |
| CBRECbre Group Inc. Class A | 0.07% | 3.18% | 3.11% |
80.6% of IYR is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or IYR?
IVV has an expense ratio of 0.03% while IYR charges 0.37%. IVV is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, IVV or IYR?
Over the past year IVV returned +17.57% vs +4.72% for IYR, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.78% vs +4.66% for IYR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IYR?
IYR has been the more volatile fund at 19.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IYR -76.5%.
Should I hold both IVV and IYR?
IVV and IYR have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and IYR?
80.6% of IYR's money is in holdings IVV also owns. 80.6% of IYR's is in holdings IVV also owns. They hold 32 positions in common, counted across the 505 positions we hold weights for in IVV and 62 in IYR.
Which pays a higher dividend, IVV or IYR?
IVV yields 1.06% while IYR yields 2.21%, so IYR currently pays the higher dividend yield.
Is IYR better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 52.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.