IVV vs KEUA
iShares Core S&P 500 ETF vs KraneShares European Carbon Allowance Strategy ETF
Which is better, IVV or KEUA?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | KEUA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.87% |
| AUM | $876.4B | $5M |
| Dividend Yield | 1.06% | 2.82% |
| Holdings | 508 | 7 |
| Volatility (annualized) | 15.5%Best | 33.8% |
| Max Drawdown | -24.5%Best | -49.2% |
| $10,000 over 4.4 years | $16,201Best | $10,325 |
| Fund Family | iShares by BlackRock (US) | KraneShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Oct 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 182 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 11, 2026 and KEUA through Mar 13, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Oct 5, 2021 to Mar 13, 2026 (4.4 years).
Risk: Volatility and Drawdowns
KEUA has been the more volatile fund, with annualized monthly volatility of 33.8% compared with 15.5% 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 -24.5% for IVV and -49.2% for KEUA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.17. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while KEUA charges 0.87%. On a $10,000 position that is $3 vs $87 annually, a gap of $84 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.82% for KEUA.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 2 in KEUA, totalling 100.0% and 101.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 187 days apart, IVV as of Aug 5, 2026 and KEUA as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 2 in KEUA, against full books of 508 and 7.
You are not choosing between two funds in isolation.
Whichever of IVV and KEUA 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 KEUA?
IVV has an expense ratio of 0.03% while KEUA charges 0.87%. IVV is the cheaper option, by $84 a year on a $10,000 investment.
Which is riskier, IVV or KEUA?
KEUA has been the more volatile fund at 33.8% annualized versus 15.5% for IVV. Worst drawdown: IVV -24.5% vs KEUA -49.2%.
Should I hold both IVV and KEUA?
IVV and KEUA have a monthly-return correlation of 0.17, 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 KEUA?
IVV yields 1.06% while KEUA yields 2.82%, so KEUA currently pays the higher dividend yield.
Is KEUA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.