IVV vs IYT
iShares Core S&P 500 ETF vs iShares US Transportation ETF
Which is better, IVV or IYT?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, IYT over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 73.5%.
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 | IYT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.38% |
| AUM | $876.4B | $2.1B |
| Dividend Yield | 1.06% | 0.92% |
| Holdings | 508 | 47 |
| YTD Return | +11.57%Best | +9.30% |
| 1Y Return | +17.57% | +17.79%Best |
| 3Y Return (annualized) | +20.71%Best | +11.58% |
| 5Y Return (annualized) | +12.80%Best | +6.90% |
| Volatility (annualized) | 14.6%Best | 20.1% |
| Max Drawdown | -56.5%Best | -60.7% |
| $10,000 over 5 years | $18,262Best | $13,960 |
| Top 10 Weight | 37.9%Best | 73.5% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Oct 6, 2003 |
Volatility and max drawdown are measured over the window both funds cover: Oct 10, 2003 to Sep 10, 2026 (22.9 years).
IVV vs IYT 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 22.9 years both funds cover.
IVV vs IYT Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares US Transportation ETF (IYT) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while IYT returned +17.79%. Year to date, IVV is up 11.57% versus a gain of 9.30% for IYT.
Over three years, IVV compounded at +20.71% per year against +11.58% for IYT; over five years the annualized figures are +12.80% and +6.90% respectively. Across the full 23-year window we track, IVV has the edge at +9.43% annualized vs +8.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYT has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 14.6% 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 -60.7% for IYT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IYT charges 0.38%. On a $10,000 position that is $3 vs $38 annually, a gap of $35 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.92% for IYT.
Holdings Overlap
1.5% of IVV's money is in holdings IYT also owns. 82.5% of IYT's money is in holdings IVV also owns.
Most of IYT is already inside IVV. Owning both mostly buys the same companies twice.
15 positions in common, counted across the 505 positions we hold weights for in IVV and 44 in IYT, against full books of 508 and 47.
What only one of them owns
Measured across the 505 and 44 positions we hold weights for.
IVV holds 480 positions IYT does not, 97.8% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
Top Shared Holdings
| Stock | Weight in IVV | Weight in IYT | Difference |
|---|---|---|---|
| UNPUnion Pacific Corp | 0.26% | 17.84% | 17.58% |
| UBERUber Technologies Inc | 0.21% | 15.39% | 15.18% |
| CSXCsx Corp. | 0.14% | 9.38% | 9.24% |
| UPSUnited Parcel Service, Inc | 0.12% | 5.62% | 5.50% |
| NSCNorfolk Southern Corp. | 0.12% | 4.88% | 4.76% |
| FDXFedex Corp. | 0.10% | 4.51% | 4.41% |
| DALDelta Air Lines Inc. | 0.09% | 4.49% | 4.40% |
| UALUnited Airlines Holdings Inc. | 0.06% | 4.47% | 4.41% |
| ODFLOld Dominion Freight Line Inc | 0.06% | 3.73% | 3.67% |
| EXPDExpeditors International Of Washington Inc | 0.04% | 3.16% | 3.12% |
82.5% of IYT 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 IYT?
IVV has an expense ratio of 0.03% while IYT charges 0.38%. IVV is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, IVV or IYT?
Over the past year IVV returned +17.57% vs +17.79% for IYT, so IYT leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +9.43% vs +8.76% for IYT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IYT?
IYT has been the more volatile fund at 20.1% annualized versus 14.6% for IVV. Worst drawdown: IVV -56.5% vs IYT -60.7%.
Should I hold both IVV and IYT?
IVV and IYT have a monthly-return correlation of 0.83, 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 IYT?
82.5% of IYT's money is in holdings IVV also owns. 82.5% of IYT's is in holdings IVV also owns. They hold 15 positions in common, counted across the 505 positions we hold weights for in IVV and 44 in IYT.
Which pays a higher dividend, IVV or IYT?
IVV yields 1.06% while IYT yields 0.92%, so IVV currently pays the higher dividend yield.
Is IYT better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, IYT over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 73.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.