IVV vs JVAL
iShares Core S&P 500 ETF vs JPMorgan US Value Factor ETF
Which is better, IVV or JVAL?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, JVAL over 1Y. The two have moved almost in lockstep, correlation 0.94. JVAL is less concentrated, with 17.3% of the fund in its ten largest positions against 37.8%.
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 | JVAL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.12% |
| AUM | $876.4B | $952M |
| Dividend Yield | 1.06% | 1.60% |
| Holdings | 508 | 399 |
| YTD Return | +11.51% | +19.78%Best |
| 1Y Return | +15.96% | +26.53%Best |
| 3Y Return (annualized) | +21.01%Best | +20.83% |
| 5Y Return (annualized) | +12.66%Best | +12.47% |
| Volatility (annualized) | 16.3%Best | 18.2% |
| Max Drawdown | -33.9%Best | -40.4% |
| $10,000 over 5 years | $18,149Best | $17,996 |
| Top 10 Weight | 37.8% | 17.3%Best |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Nov 8, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Sep 15, 2026 (8.8 years).
IVV vs JVAL 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 8.8 years both funds cover.
IVV vs JVAL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and JPMorgan US Value Factor ETF (JVAL) is an ETF from J.P. Morgan Asset Management. Over the past year IVV returned +15.96% while JVAL returned +26.53%. Year to date, IVV is up 11.51% versus a gain of 19.78% for JVAL.
Over three years, IVV compounded at +21.01% per year against +20.83% for JVAL; over five years the annualized figures are +12.66% and +12.47% respectively. Across the full 9-year window we track, IVV has the edge at +13.89% annualized vs +11.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JVAL has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 16.3% 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 -33.9% for IVV and -40.4% for JVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 JVAL charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.60% for JVAL.
Holdings Overlap
52.5% of IVV's money is in holdings JVAL also owns. 69.3% of JVAL's money is in holdings IVV also owns.
The two portfolios partly overlap.
191 positions in common, counted across the 490 positions we hold weights for in IVV and 390 in JVAL, against full books of 508 and 399.
What only one of them owns
Our book lists 189 positions for JVAL that do not appear in our book for IVV (28.5% of the fund), and 291 for IVV that do not appear in JVAL (46.1%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in JVAL | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 1.85% | 6.22% |
| AAPLApple, Inc | 7.02% | 2.06% | 4.96% |
| MSFTMicrosoft Corp | 5.69% | 2.23% | 3.46% |
| GOOGLAlphabet Inc,class A | 3.00% | 1.85% | 1.15% |
| AVGOBroadcom Inc | 2.65% | 1.77% | 0.88% |
| METAMeta Platforms Inc | 1.90% | 1.74% | 0.16% |
| MUMicron Technology, Inc. | 1.63% | 1.92% | 0.29% |
| JNJJohnson & Johnson - Common | 0.97% | 1.64% | 0.67% |
| INTCIntel Corporation | 0.67% | 1.16% | 0.49% |
| AMDAdvanced Micro Devices Inc | 1.16% | 0.59% | 0.57% |
69.3% of JVAL 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.
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Frequently Asked Questions
Which is cheaper, IVV or JVAL?
IVV has an expense ratio of 0.03% while JVAL charges 0.12%. IVV is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IVV or JVAL?
Over the past year IVV returned +15.96% vs +26.53% for JVAL, so JVAL leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +13.89% vs +11.74% for JVAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JVAL?
JVAL has been the more volatile fund at 18.2% annualized versus 16.3% for IVV. Worst drawdown: IVV -33.9% vs JVAL -40.4%.
Should I hold both IVV and JVAL?
IVV and JVAL have a monthly-return correlation of 0.94, 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 JVAL?
69.3% of JVAL's money is in holdings IVV also owns. 69.3% of JVAL's is in holdings IVV also owns. They hold 191 positions in common, counted across the 490 positions we hold weights for in IVV and 390 in JVAL.
Which pays a higher dividend, IVV or JVAL?
IVV yields 1.06% while JVAL yields 1.60%, so JVAL currently pays the higher dividend yield.
Is JVAL better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, JVAL over 1Y. The two have moved almost in lockstep, correlation 0.94. JVAL is less concentrated, with 17.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.