IVV vs KIO
iShares Core S&P 500 ETF vs KKR Income Opportunities Fund
Which is better, IVV or KIO?
Large Cap Blend against High Yield Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | KIO |
|---|---|---|
| Expense Ratio | 0.03%Best | 4.59% |
| AUM | $886.7B | $490M |
| Dividend Yield | 1.10% | 12.29% |
| Holdings | 508 | 327 |
| YTD Return | +13.39%Best | +3.80% |
| 1Y Return | +20.08%Best | -0.07% |
| 3Y Return (annualized) | +21.29%Best | +8.30% |
| 5Y Return (annualized) | +12.88%Best | +2.88% |
| Volatility (annualized) | 14.5% | 14.3%Best |
| Max Drawdown | -33.9%Best | -54.5% |
| $10,000 over 5 years | $18,327Best | $11,525 |
| Fund Family | iShares by BlackRock (US) | KKR Funds |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | High Yield Bond |
| Inception | May 15, 2000 | Jul 26, 2013 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 26, 2013 to Sep 4, 2026 (13.1 years).
IVV vs KIO 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 13.1 years both funds cover.
IVV vs KIO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and KKR Income Opportunities Fund (KIO) is an ETF from KKR Funds. Over the past year IVV returned +20.08% while KIO returned -0.07%. Year to date, IVV is up 13.39% versus a gain of 3.80% for KIO.
Over three years, IVV compounded at +21.29% per year against +8.30% for KIO; over five years the annualized figures are +12.88% and +2.88% respectively. Across the full 13-year window we track, IVV has the edge at +12.91% annualized vs +0.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 14.3% for KIO. 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 -54.5% for KIO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while KIO charges 4.59%. On a $10,000 position that is $3 vs $459 annually, a gap of $456 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 12.29% for KIO.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 97 in KIO, totalling 100.0% and 72.8% of the two funds. That is not enough of KIO to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
The two holdings books were reported 186 days apart, IVV as of Aug 5, 2026 and KIO as of Jan 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 97 in KIO, against full books of 508 and 327.
Top Shared Holdings
| Stock | Weight in IVV | Weight in KIO | Difference |
|---|---|---|---|
| NCLHNorwegian Cruise Line Holdings | 0.01% | 0.34% | 0.33% |
You are not choosing between two funds in isolation.
Whichever of IVV and KIO 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 KIO?
IVV has an expense ratio of 0.03% while KIO charges 4.59%. IVV is the cheaper option, by $456 a year on a $10,000 investment.
Which performed better, IVV or KIO?
Over the past year IVV returned +20.08% vs -0.07% for KIO, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +12.91% vs +0.09% for KIO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KIO?
IVV has been the more volatile fund at 14.5% annualized versus 14.3% for KIO. Worst drawdown: IVV -33.9% vs KIO -54.5%.
Should I hold both IVV and KIO?
IVV and KIO have a monthly-return correlation of 0.67, 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 KIO?
IVV yields 1.10% while KIO yields 12.29%, so KIO currently pays the higher dividend yield.
Is KIO better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.