IVV vs JPY
iShares Core S&P 500 ETF vs Lazard Japanese Equity ETF
Which is better, IVV or JPY?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. JPY led over 1Y and the full window. JPY is less concentrated, with 36.4% 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 | JPY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $886.7B | - |
| Dividend Yield | 1.10% | 1.38% |
| Holdings | 508 | 64 |
| YTD Return | +13.39% | +23.21%Best |
| 1Y Return | +20.08% | +31.39%Best |
| 3Y Return (annualized) | +21.29% | - |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 12.1%Best | 13.8% |
| Max Drawdown | -8.9%Best | -15.1% |
| $10,000 over 1.4 years | $15,465 | $17,659Best |
| Top 10 Weight | 37.9% | 36.4%Best |
| Fund Family | iShares by BlackRock (US) | Lazard Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Apr 4, 2025 |
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: Apr 7, 2025 to Sep 4, 2026 (1.4 years).
IVV vs JPY 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 1.4 years both funds cover.
IVV vs JPY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Lazard Japanese Equity ETF (JPY) is an ETF from Lazard Asset Management. Over the past year IVV returned +20.08% while JPY returned +31.39%. Year to date, IVV is up 13.39% versus a gain of 23.21% for JPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPY has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.1% 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 -8.9% for IVV and -15.1% for JPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while JPY charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.38% for JPY.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 62 in JPY, totalling 100.0% and 98.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 62 in JPY, against full books of 508 and 64.
What only one of them owns
Our book lists 0 positions for JPY that do not appear in our book for IVV (0.0% of the fund), and 497 for IVV that do not appear in JPY (99.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and JPY 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 JPY?
IVV has an expense ratio of 0.03% while JPY charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or JPY?
Over the past year IVV returned +20.08% vs +31.39% for JPY, so JPY leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +36.54% vs +50.11% for JPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JPY?
JPY has been the more volatile fund at 13.8% annualized versus 12.1% for IVV. Worst drawdown: IVV -8.9% vs JPY -15.1%.
Should I hold both IVV and JPY?
IVV and JPY have a monthly-return correlation of 0.65, 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 JPY?
IVV yields 1.10% while JPY yields 1.38%, so JPY currently pays the higher dividend yield.
Is JPY better than IVV?
IVV has a lower expense ratio. JPY led over 1Y and the full window. JPY is less concentrated, with 36.4% 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.