IVV vs KALL
iShares Core S&P 500 ETF vs KraneShares MSCI All China Index 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 | KALL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $865.2B | $9M | |
| Dividend Yield | 1.09% | 2.19% | |
| Holdings | 508 | 210 | |
| YTD Return | +13.72% | +11.08% | |
| 1Y Return | +21.64% | +11.64% | |
| 3Y Return (annualized) | +21.55% | +2.79% | |
| 5Y Return (annualized) | +13.27% | +0.69% | |
| Volatility (annualized) | 15.1% | 26.1% | |
| Max Drawdown | -56.5% | -56.3% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 12, 2015 |
IVV vs KALL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares MSCI All China Index ETF (KALL) is a ETF from KraneShares. Over the past year IVV returned +21.64% while KALL returned +11.64%. Year to date, IVV is up 13.72% versus a gain of 11.08% for KALL.
Over three years, IVV compounded at +21.55% per year against +2.79% for KALL; over five years the annualized figures are +13.27% and +0.69% respectively. Across the full 10-year window we track, IVV has the edge at +7.04% annualized vs +1.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KALL has been the more volatile fund, with annualized monthly volatility of 26.1% 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 -56.3% for KALL. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KALL charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.19% for KALL.
Frequently Asked Questions
Which is cheaper, IVV or KALL?
IVV has an expense ratio of 0.03% while KALL charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or KALL?
Over the past year IVV returned +21.64% vs +11.64% for KALL, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.04% vs +1.50% for KALL. Past performance does not guarantee future results.
Which is riskier, IVV or KALL?
KALL has been the more volatile fund at 26.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs KALL -56.3%.
Should I hold both IVV and KALL?
IVV and KALL have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or KALL?
IVV yields 1.09% while KALL yields 2.19%, so KALL currently pays the higher dividend yield.
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