IVV vs KEM
iShares Core S&P 500 ETF vs KraneShares Dynamic Emerging Markets Strategy 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 | KEM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.47% | |
| AUM | $907.0B | $1M | |
| Dividend Yield | 1.10% | 2.56% | |
| Holdings | 508 | 3 | |
| YTD Return | +12.71% | +6.57% | |
| 1Y Return | +21.89% | +2.35% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 13.5% | |
| Max Drawdown | -56.5% | -25.7% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 25, 2023 |
IVV vs KEM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares Dynamic Emerging Markets Strategy ETF (KEM) is a ETF from KraneShares. Over the past year IVV returned +21.89% while KEM returned +2.35%. Year to date, IVV is up 12.71% versus a gain of 6.57% for KEM.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.5% for KEM. 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 -25.7% for KEM. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KEM charges 0.47%. On a $10,000 position that is $3 vs $47 annually, a gap of $44 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.56% for KEM.
Frequently Asked Questions
Which is cheaper, IVV or KEM?
IVV has an expense ratio of 0.03% while KEM charges 0.47%. IVV is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, IVV or KEM?
Over the past year IVV returned +21.89% vs +2.35% for KEM, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +5.73% for KEM. Past performance does not guarantee future results.
Which is riskier, IVV or KEM?
IVV has been the more volatile fund at 15.1% annualized versus 13.5% for KEM. Worst drawdown: IVV -56.5% vs KEM -25.7%.
Should I hold both IVV and KEM?
IVV and KEM have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or KEM?
IVV yields 1.10% while KEM yields 2.56%, so KEM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.