IVV vs JOET
iShares Core S&P 500 ETF vs Virtus Terranova US Quality Momentum ETF
Which is better, IVV or JOET?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. JOET is less concentrated, with 9.2% of the fund in its ten largest positions against 37.9%.
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 | JOET |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.29% |
| AUM | $886.7B | $245M |
| Dividend Yield | 1.10% | 0.60% |
| Holdings | 508 | 125 |
| YTD Return | +13.39%Best | +8.31% |
| 1Y Return | +20.08%Best | +9.67% |
| 3Y Return (annualized) | +21.29%Best | +17.23% |
| 5Y Return (annualized) | +12.88%Best | +8.85% |
| Volatility (annualized) | 15.0%Best | 16.3% |
| Max Drawdown | -24.5%Best | -26.6% |
| $10,000 over 5 years | $18,327Best | $15,281 |
| Top 10 Weight | 37.9% | 9.2%Best |
| Fund Family | iShares by BlackRock (US) | Virtus Investment Partners |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Nov 17, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Nov 18, 2020 to Sep 4, 2026 (5.8 years).
IVV vs JOET 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 5.8 years both funds cover.
IVV vs JOET Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Virtus Terranova US Quality Momentum ETF (JOET) is an ETF from Virtus Investment Partners. Over the past year IVV returned +20.08% while JOET returned +9.67%. Year to date, IVV is up 13.39% versus a gain of 8.31% for JOET.
Over three years, IVV compounded at +21.29% per year against +17.23% for JOET; over five years the annualized figures are +12.88% and +8.85% respectively. Across the full 6-year window we track, IVV has the edge at +15.78% annualized vs +12.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JOET has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.0% 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 -24.5% for IVV and -26.6% for JOET. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 JOET charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.60% for JOET.
Holdings Overlap
46.5% of IVV's money is in holdings JOET also owns. 91.3% of JOET's money is in holdings IVV also owns.
Most of JOET is already inside IVV. Owning both mostly buys the same companies twice.
114 positions in common, counted across the 505 positions we hold weights for in IVV and 124 in JOET, against full books of 508 and 125.
What only one of them owns
Measured across the 505 and 124 positions we hold weights for.
IVV holds 383 positions JOET does not, 52.9% of the fund.
Largest: MSFT 5.44%, GOOG 2.56%, META 1.94%, JPM 1.45%, BRK.B 1.43%
Top Shared Holdings
| Stock | Weight in IVV | Weight in JOET | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 0.87% | 7.11% |
| AAPLApple, Inc | 6.86% | 0.71% | 6.15% |
| AMZNAmazon.Com Inc | 4.01% | 0.92% | 3.09% |
| GOOGLAlphabet Inc.Class A | 3.19% | 0.84% | 2.35% |
| AVGOBroadcom Inc | 2.98% | 0.85% | 2.13% |
| MUMicron Technology, Inc. | 1.51% | 0.85% | 0.66% |
| LLYEli Lilly & Co. | 1.39% | 0.75% | 0.64% |
| AMDAdvanced Micro Devices Inc | 1.18% | 0.83% | 0.35% |
| XOMExxon Mobil Corp. | 0.94% | 0.77% | 0.17% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 0.82% | 0.10% |
91.3% of JOET 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 JOET?
IVV has an expense ratio of 0.03% while JOET charges 0.29%. IVV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, IVV or JOET?
Over the past year IVV returned +20.08% vs +9.67% for JOET, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.78% vs +12.08% for JOET. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JOET?
JOET has been the more volatile fund at 16.3% annualized versus 15.0% for IVV. Worst drawdown: IVV -24.5% vs JOET -26.6%.
Should I hold both IVV and JOET?
IVV and JOET have a monthly-return correlation of 0.93, 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.
What is the holdings overlap between IVV and JOET?
91.3% of JOET's money is in holdings IVV also owns. 91.3% of JOET's is in holdings IVV also owns. They hold 114 positions in common, counted across the 505 positions we hold weights for in IVV and 124 in JOET.
Which pays a higher dividend, IVV or JOET?
IVV yields 1.10% while JOET yields 0.60%, so IVV currently pays the higher dividend yield.
Is JOET better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. JOET is less concentrated, with 9.2% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.