IVV vs JCAL
iShares Core S&P 500 ETF vs JPMorgan California Tax Free Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | JCAL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.34% | |
| AUM | $907.0B | $505M | |
| Dividend Yield | 1.10% | 0.28% | |
| Holdings | 508 | 8 | |
| YTD Return | +13.22% | -0.96% | |
| 1Y Return | +21.62% | - | |
| 3Y Return (annualized) | +22.17% | - | |
| 5Y Return (annualized) | +13.42% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -2.0% | |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jun 12, 2026 |
IVV vs JCAL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and JPMorgan California Tax Free Bond ETF (JCAL) is a ETF from J.P. Morgan Asset Management. Year to date, IVV is up 13.22% versus a loss of 0.96% for JCAL.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -2.0% for JCAL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVV charges 0.03% per year while JCAL charges 0.34%. On a $10,000 position that is $3 vs $34 annually, a gap of $31 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.28% for JCAL.
Holdings Overlap
IVV and JCAL share 0 holdings out of 513 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JCAL?
IVV has an expense ratio of 0.03% while JCAL charges 0.34%. IVV is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
What is the holdings overlap between IVV and JCAL?
IVV and JCAL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or JCAL?
IVV yields 1.10% while JCAL yields 0.28%, so IVV currently pays the higher dividend yield.
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