IVV vs KBWY
iShares Core S&P 500 ETF vs Invesco KBW Premium Yield Equity REIT ETF
Quick Verdict
IVV has a lower expense ratio. KBWY delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | KBWY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $312M | |
| Dividend Yield | 1.10% | 8.03% | |
| Holdings | 508 | 32 | |
| YTD Return | +12.71% | +23.57% | |
| 1Y Return | +21.89% | +26.47% | |
| 3Y Return (annualized) | +22.08% | +9.69% | |
| 5Y Return (annualized) | +12.96% | +2.93% | |
| Volatility (annualized) | 15.1% | 22.2% | |
| Max Drawdown | -56.5% | -64.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 2, 2010 |
IVV vs KBWY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco KBW Premium Yield Equity REIT ETF (KBWY) is a ETF from Invesco (US). Over the past year IVV returned +21.89% while KBWY returned +26.47%. Year to date, IVV is up 12.71% versus a gain of 23.57% for KBWY.
Over three years, IVV compounded at +22.08% per year against +9.69% for KBWY; over five years the annualized figures are +12.96% and +2.93% respectively. Across the full 16-year window we track, IVV has the edge at +7.00% annualized vs +0.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWY has been the more volatile fund, with annualized monthly volatility of 22.2% 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 -64.3% for KBWY. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KBWY 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 8.03% for KBWY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or KBWY?
IVV has an expense ratio of 0.03% while KBWY 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 KBWY?
Over the past year IVV returned +21.89% vs +26.47% for KBWY, so KBWY leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.00% vs +0.77% for KBWY. Past performance does not guarantee future results.
Which is riskier, IVV or KBWY?
KBWY has been the more volatile fund at 22.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs KBWY -64.3%.
Should I hold both IVV and KBWY?
IVV and KBWY have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KBWY?
IVV and KBWY share 2 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, IVV or KBWY?
IVV yields 1.10% while KBWY yields 8.03%, so KBWY currently pays the higher dividend yield.
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