IVV vs KBWR
iShares Core S&P 500 ETF vs Invesco KBW Regional Banking 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 | KBWR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $52M | |
| Dividend Yield | 1.10% | 2.65% | |
| Holdings | 508 | 52 | |
| YTD Return | +12.28% | +11.45% | |
| 1Y Return | +20.94% | +13.84% | |
| 3Y Return (annualized) | +21.81% | +8.55% | |
| 5Y Return (annualized) | +13.05% | +6.18% | |
| Volatility (annualized) | 15.1% | 27.1% | |
| Max Drawdown | -56.5% | -52.9% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 1, 2011 |
IVV vs KBWR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco KBW Regional Banking ETF (KBWR) is a ETF from Invesco (US). Over the past year IVV returned +20.94% while KBWR returned +13.84%. Year to date, IVV is up 12.28% versus a gain of 11.45% for KBWR.
Over three years, IVV compounded at +21.81% per year against +8.55% for KBWR; over five years the annualized figures are +13.05% and +6.18% respectively. Across the full 14-year window we track, KBWR has the edge at +10.69% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWR has been the more volatile fund, with annualized monthly volatility of 27.1% 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 -52.9% for KBWR. 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KBWR charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.65% for KBWR.
Holdings Overlap
IVV and KBWR share 0 holdings out of 556 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or KBWR?
IVV has an expense ratio of 0.03% while KBWR charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or KBWR?
Over the past year IVV returned +20.94% vs +13.84% for KBWR, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +6.98% vs +10.69% for KBWR. Past performance does not guarantee future results.
Which is riskier, IVV or KBWR?
KBWR has been the more volatile fund at 27.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs KBWR -52.9%.
Should I hold both IVV and KBWR?
IVV and KBWR have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KBWR?
IVV and KBWR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, IVV or KBWR?
IVV yields 1.10% while KBWR yields 2.65%, so KBWR currently pays the higher dividend yield.
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