IVV vs KBWD
iShares Core S&P 500 ETF vs Invesco KBW High Dividend Yield Financial ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | KBWD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 5.39% | |
| AUM | $907.0B | $425M | |
| Dividend Yield | 1.10% | 14.38% | |
| Holdings | 508 | 41 | |
| YTD Return | +12.71% | -1.48% | |
| 1Y Return | +21.89% | +3.22% | |
| 3Y Return (annualized) | +22.08% | +5.98% | |
| 5Y Return (annualized) | +12.96% | +1.66% | |
| Volatility (annualized) | 15.1% | 21.0% | |
| Max Drawdown | -56.5% | -65.2% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 2, 2010 |
IVV vs KBWD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco KBW High Dividend Yield Financial ETF (KBWD) is a ETF from Invesco (US). Over the past year IVV returned +21.89% while KBWD returned +3.22%. Year to date, IVV is up 12.71% versus a loss of 1.48% for KBWD.
Over three years, IVV compounded at +22.08% per year against +5.98% for KBWD; over five years the annualized figures are +12.96% and +1.66% respectively. Across the full 16-year window we track, IVV has the edge at +7.00% annualized vs -0.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWD has been the more volatile fund, with annualized monthly volatility of 21.0% 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 -65.2% for KBWD. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while KBWD charges 5.39%. On a $10,000 position that is $3 vs $539 annually, a gap of $536 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 14.38% for KBWD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or KBWD?
IVV has an expense ratio of 0.03% while KBWD charges 5.39%. IVV is the cheaper option. On a $10,000 investment, that is $536 per year of difference.
Which performed better, IVV or KBWD?
Over the past year IVV returned +21.89% vs +3.22% for KBWD, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.00% vs -0.19% for KBWD. Past performance does not guarantee future results.
Which is riskier, IVV or KBWD?
KBWD has been the more volatile fund at 21.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs KBWD -65.2%.
Should I hold both IVV and KBWD?
IVV and KBWD have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KBWD?
IVV and KBWD share 2 common holdings with a 0.1% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, IVV or KBWD?
IVV yields 1.10% while KBWD yields 14.38%, so KBWD currently pays the higher dividend yield.
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