IVV vs IYY
iShares Core S&P 500 ETF vs iShares Dow Jones US ETF
Which is better, IVV or IYY?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, IYY over the full window. The two have moved almost in lockstep, correlation 0.99.
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 | IYY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $850.0B | $2.9B |
| Dividend Yield | 1.09% | 0.87% |
| Holdings | 1,018 | 1,891 |
| YTD Return | +8.54%Best | +8.25% |
| 1Y Return | +10.97%Best | +10.68% |
| 3Y Return (annualized) | +20.51%Best | +20.19% |
| 5Y Return (annualized) | +10.97%Best | +10.01% |
| Volatility (annualized) | 15.1%Best | 15.6% |
| Max Drawdown | -56.5% | -56.3%Best |
| $10,000 over 5 years | $16,828Best | $16,112 |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 12, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2000 to Nov 6, 2026 (26.4 years).
IVV vs IYY 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 26.4 years both funds cover.
IVV vs IYY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Dow Jones US ETF (IYY) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +10.97% while IYY returned +10.68%. Year to date, IVV is up 8.54% versus a gain of 8.25% for IYY.
Over three years, IVV compounded at +20.51% per year against +20.19% for IYY; over five years the annualized figures are +10.97% and +10.01% respectively. Across the full 26-year window we track, IYY has the edge at +6.77% annualized vs +6.63%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYY has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -56.3% for IYY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while IYY charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.87% for IYY.
You are not choosing between two funds in isolation.
Whichever of IVV and IYY 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 IYY?
IVV has an expense ratio of 0.03% while IYY charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or IYY?
Over the past year IVV returned +10.97% vs +10.68% for IYY, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.63% vs +6.77% for IYY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IYY?
IYY has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IYY -56.3%.
Should I hold both IVV and IYY?
IVV and IYY have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or IYY?
IVV yields 1.09% while IYY yields 0.87%, so IVV currently pays the higher dividend yield.
Is IYY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, IYY over the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.