IVV vs KBWD
iShares Core S&P 500 ETF vs Invesco KBW High Dividend Yield Financial ETF
Which is better, IVV or KBWD?
Large Cap Blend against Small Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. KBWD 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 | KBWD |
|---|---|---|
| Expense Ratio | 0.03%Best | 5.39% |
| AUM | $876.4B | $407M |
| Dividend Yield | 1.06% | 13.79% |
| Holdings | 508 | 41 |
| YTD Return | +12.51%Best | -5.55% |
| 1Y Return | +17.57%Best | -4.11% |
| 3Y Return (annualized) | +21.27%Best | +3.02% |
| 5Y Return (annualized) | +12.95%Best | +0.67% |
| Volatility (annualized) | 14.2%Best | 20.9% |
| Max Drawdown | -33.9%Best | -65.2% |
| $10,000 over 5 years | $18,384Best | $10,340 |
| Top 10 Weight | 37.9% | 36.4%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Value |
| Inception | May 15, 2000 | Dec 2, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2010 to Sep 11, 2026 (15.8 years).
IVV vs KBWD 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs KBWD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco KBW High Dividend Yield Financial ETF (KBWD) is an ETF from Invesco (US). Over the past year IVV returned +17.57% while KBWD returned -4.11%. Year to date, IVV is up 12.51% versus a loss of 5.55% for KBWD.
Over three years, IVV compounded at +21.27% per year against +3.02% for KBWD; over five years the annualized figures are +12.95% and +0.67% respectively. Across the full 16-year window we track, IVV has the edge at +12.86% annualized vs -0.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWD has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 14.2% 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 -65.2% for KBWD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 13.79% for KBWD.
Holdings Overlap
0.1% of IVV's money is in holdings KBWD also owns. 3.1% of KBWD's money is in holdings IVV also owns.
KBWD and IVV share little of their money.
2 positions in common, counted across the 505 positions we hold weights for in IVV and 38 in KBWD, against full books of 508 and 41.
What only one of them owns
Measured across the 505 and 38 positions we hold weights for.
IVV holds 493 positions KBWD does not, 99.3% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
You are not choosing between two funds in isolation.
Whichever of IVV and KBWD 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 KBWD?
IVV has an expense ratio of 0.03% while KBWD charges 5.39%. IVV is the cheaper option, by $536 a year on a $10,000 investment.
Which performed better, IVV or KBWD?
Over the past year IVV returned +17.57% vs -4.11% for KBWD, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +12.86% vs -0.45% for KBWD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KBWD?
KBWD has been the more volatile fund at 20.9% annualized versus 14.2% for IVV. Worst drawdown: IVV -33.9% vs KBWD -65.2%.
Should I hold both IVV and KBWD?
IVV and KBWD have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and KBWD?
3.1% of KBWD's money is in holdings IVV also owns. 3.1% of KBWD's is in holdings IVV also owns. They hold 2 positions in common, counted across the 505 positions we hold weights for in IVV and 38 in KBWD.
Which pays a higher dividend, IVV or KBWD?
IVV yields 1.06% while KBWD yields 13.79%, so KBWD currently pays the higher dividend yield.
Is KBWD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. KBWD 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.