IVV vs JOET
iShares Core S&P 500 ETF vs Virtus Terranova US Quality Momentum ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | JOET | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $865.2B | $241M | |
| Dividend Yield | 1.09% | 0.61% | |
| Holdings | 508 | 125 | |
| YTD Return | +13.72% | +11.42% | |
| 1Y Return | +21.64% | +14.08% | |
| 3Y Return (annualized) | +21.55% | +18.62% | |
| 5Y Return (annualized) | +13.27% | +9.72% | |
| Volatility (annualized) | 15.1% | 16.4% | |
| Max Drawdown | -56.5% | -26.6% | |
| Fund Family | iShares by BlackRock (US) | Virtus Investment Partners | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 17, 2020 |
IVV vs JOET Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Virtus Terranova US Quality Momentum ETF (JOET) is a ETF from Virtus Investment Partners. Over the past year IVV returned +21.64% while JOET returned +14.08%. Year to date, IVV is up 13.72% versus a gain of 11.42% for JOET.
Over three years, IVV compounded at +21.55% per year against +18.62% for JOET; over five years the annualized figures are +13.27% and +9.72% respectively. Across the full 6-year window we track, JOET has the edge at +12.78% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JOET has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -26.6% for JOET. 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 0.93. 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 1.09% against 0.61% for JOET.
Holdings Overlap
IVV and JOET share 112 holdings out of 517 unique holdings combined, representing a 24.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IVV or JOET?
Over the past year IVV returned +21.64% vs +14.08% for JOET, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.04% vs +12.78% for JOET. Past performance does not guarantee future results.
Which is riskier, IVV or JOET?
JOET has been the more volatile fund at 16.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and JOET?
IVV and JOET share 112 common holdings with a 24.0% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, IVV or JOET?
IVV yields 1.09% while JOET yields 0.61%, so IVV currently pays the higher dividend yield.
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