IVV vs KEMX
iShares Core S&P 500 ETF vs KraneShares MSCI Emerging Markets ex China Index ETF
Which is better, IVV or KEMX?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over the full window, KEMX over 1Y, 3Y and 5Y. KEMX is less concentrated, with 36.2% 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 | KEMX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.24% |
| AUM | $886.7B | $134M |
| Dividend Yield | 1.10% | 2.66% |
| Holdings | 508 | 295 |
| YTD Return | +13.39% | +38.39%Best |
| 1Y Return | +20.08% | +65.56%Best |
| 3Y Return (annualized) | +21.29% | +29.29%Best |
| 5Y Return (annualized) | +12.88% | +13.64%Best |
| Volatility (annualized) | 16.6%Best | 20.3% |
| Max Drawdown | -33.9%Best | -38.8% |
| $10,000 over 5 years | $18,327 | $18,952Best |
| Top 10 Weight | 37.9% | 36.2%Best |
| Fund Family | iShares by BlackRock (US) | KraneShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Apr 12, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Apr 12, 2019 to Sep 4, 2026 (7.4 years).
IVV vs KEMX 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 covers the 7.4 years both funds cover.
IVV vs KEMX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is an ETF from KraneShares. Over the past year IVV returned +20.08% while KEMX returned +65.56%. Year to date, IVV is up 13.39% versus a gain of 38.39% for KEMX.
Over three years, IVV compounded at +21.29% per year against +29.29% for KEMX; over five years the annualized figures are +12.88% and +13.64% respectively. Across the full 7-year window we track, IVV has the edge at +15.26% annualized vs +13.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KEMX has been the more volatile fund, with annualized monthly volatility of 20.3% compared with 16.6% 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 -38.8% for KEMX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while KEMX charges 0.24%. On a $10,000 position that is $3 vs $24 annually, a gap of $21 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.66% for KEMX.
Holdings Overlap
0.3% of KEMX's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 282 in KEMX, against full books of 508 and 295.
What only one of them owns
Our book lists 4 positions for KEMX that do not appear in our book for IVV (1.5% of the fund), and 496 for IVV that do not appear in KEMX (99.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in KEMX | Difference |
|---|---|---|---|
| HALHalliburton Co. | 0.04% | 0.28% | 0.24% |
You are not choosing between two funds in isolation.
Whichever of IVV and KEMX 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 KEMX?
IVV has an expense ratio of 0.03% while KEMX charges 0.24%. IVV is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, IVV or KEMX?
Over the past year IVV returned +20.08% vs +65.56% for KEMX, so KEMX leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +15.26% vs +13.68% for KEMX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KEMX?
KEMX has been the more volatile fund at 20.3% annualized versus 16.6% for IVV. Worst drawdown: IVV -33.9% vs KEMX -38.8%.
Should I hold both IVV and KEMX?
IVV and KEMX have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or KEMX?
IVV yields 1.10% while KEMX yields 2.66%, so KEMX currently pays the higher dividend yield.
Is KEMX better than IVV?
IVV has a lower expense ratio. IVV led over the full window, KEMX over 1Y, 3Y and 5Y. KEMX is less concentrated, with 36.2% 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.