IVV vs JOF
iShares Core S&P 500 ETF vs Japan Smaller Capitalization Fund Inc
Which is better, IVV or JOF?
Large Cap Blend against Small Cap Value.
IVV has a lower expense ratio. IVV led over 5Y and the full window, JOF over 1Y and 3Y.
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 | JOF |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.47% |
| AUM | $876.4B | $240M |
| Dividend Yield | 1.06% | 15.92% |
| Holdings | 508 | 91 |
| YTD Return | +13.85% | +22.50%Best |
| 1Y Return | +18.57% | +31.88%Best |
| 3Y Return (annualized) | +23.50% | +29.30%Best |
| 5Y Return (annualized) | +13.34%Best | +12.58% |
| Volatility (annualized) | 15.1%Best | 24.0% |
| Max Drawdown | -56.5%Best | -70.0% |
| $10,000 over 5 years | $18,703Best | $18,084 |
| Fund Family | iShares by BlackRock (US) | Nomura Asset Management Co Ltd |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Value |
| Inception | May 15, 2000 | Mar 21, 1990 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 25, 2026 (26.4 years).
IVV vs JOF 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 JOF Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Japan Smaller Capitalization Fund Inc (JOF) is an ETF from Nomura Asset Management Co Ltd. Over the past year IVV returned +18.57% while JOF returned +31.88%. Year to date, IVV is up 13.85% versus a gain of 22.50% for JOF.
Over three years, IVV compounded at +23.50% per year against +29.30% for JOF; over five years the annualized figures are +13.34% and +12.58% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +2.39%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JOF has been the more volatile fund, with annualized monthly volatility of 24.0% 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 -70.0% for JOF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while JOF charges 1.47%. On a $10,000 position that is $3 vs $147 annually, a gap of $144 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 15.92% for JOF.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 91 in JOF, totalling 99.3% and 94.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 92 days apart, IVV as of Aug 31, 2026 and JOF as of May 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 91 in JOF, against full books of 508 and 91.
You are not choosing between two funds in isolation.
Whichever of IVV and JOF 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 JOF?
IVV has an expense ratio of 0.03% while JOF charges 1.47%. IVV is the cheaper option, by $144 a year on a $10,000 investment.
Which performed better, IVV or JOF?
Over the past year IVV returned +18.57% vs +31.88% for JOF, so JOF leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.01% vs +2.39% for JOF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JOF?
JOF has been the more volatile fund at 24.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs JOF -70.0%.
Should I hold both IVV and JOF?
IVV and JOF have a monthly-return correlation of 0.49, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or JOF?
IVV yields 1.06% while JOF yields 15.92%, so JOF currently pays the higher dividend yield.
Is JOF better than IVV?
IVV has a lower expense ratio. IVV led over 5Y and the full window, JOF over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.