IVV vs IYZ
iShares Core S&P 500 ETF vs iShares US Telecommunications ETF
Quick Verdict
IVV has a lower expense ratio. IYZ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | IYZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.37% | |
| AUM | $907.0B | $1.3B | |
| Dividend Yield | 1.10% | 1.74% | |
| Holdings | 508 | 28 | |
| YTD Return | +14.29% | +29.15% | |
| 1Y Return | +21.79% | +45.68% | |
| 3Y Return (annualized) | +22.19% | +27.67% | |
| 5Y Return (annualized) | +13.28% | +7.54% | |
| Volatility (annualized) | 15.1% | 19.4% | |
| Max Drawdown | -56.5% | -72.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 22, 2000 |
IVV vs IYZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares US Telecommunications ETF (IYZ) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.79% while IYZ returned +45.68%. Year to date, IVV is up 14.29% versus a gain of 29.15% for IYZ.
Over three years, IVV compounded at +22.19% per year against +27.67% for IYZ; over five years the annualized figures are +13.28% and +7.54% respectively. Across the full 26-year window we track, IVV has the edge at +7.06% annualized vs +0.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYZ has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -72.5% for IYZ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IYZ 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 1.10% against 1.74% for IYZ.
Holdings Overlap
IVV and IYZ share 12 holdings out of 518 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or IYZ?
IVV has an expense ratio of 0.03% while IYZ charges 0.37%. IVV is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, IVV or IYZ?
Over the past year IVV returned +21.79% vs +45.68% for IYZ, so IYZ leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.06% vs +0.92% for IYZ. Past performance does not guarantee future results.
Which is riskier, IVV or IYZ?
IYZ has been the more volatile fund at 19.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IYZ -72.5%.
Should I hold both IVV and IYZ?
IVV and IYZ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and IYZ?
IVV and IYZ share 12 common holdings with a 2.2% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, IVV or IYZ?
IVV yields 1.10% while IYZ yields 1.74%, so IYZ currently pays the higher dividend yield.
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