IVV vs KIO
iShares Core S&P 500 ETF vs KKR Income Opportunities Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | KIO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 4.59% | |
| AUM | $865.2B | $488M | |
| Dividend Yield | 1.09% | 12.12% | |
| Holdings | 508 | 327 | |
| YTD Return | +13.43% | +4.35% | |
| 1Y Return | +22.61% | -0.57% | |
| 3Y Return (annualized) | +21.47% | +9.35% | |
| 5Y Return (annualized) | +13.26% | +3.47% | |
| Volatility (annualized) | 15.1% | 14.3% | |
| Max Drawdown | -56.5% | -54.5% | |
| Fund Family | iShares by BlackRock (US) | KKR Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jul 26, 2013 |
IVV vs KIO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KKR Income Opportunities Fund (KIO) is a ETF from KKR Funds. Over the past year IVV returned +22.61% while KIO returned -0.57%. Year to date, IVV is up 13.43% versus a gain of 4.35% for KIO.
Over three years, IVV compounded at +21.47% per year against +9.35% for KIO; over five years the annualized figures are +13.26% and +3.47% respectively. Across the full 13-year window we track, IVV has the edge at +7.03% annualized vs +0.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% 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 -56.5% for IVV and -54.5% for KIO. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 12.12% for KIO.
Holdings Overlap
IVV and KIO share 1 holdings out of 601 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in KIO | Difference |
|---|---|---|---|
| NCLH | 0.01% | 0.34% | 0.33% |
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. On a $10,000 investment, that is $456 per year of difference.
Which performed better, IVV or KIO?
Over the past year IVV returned +22.61% vs -0.57% for KIO, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.03% vs +0.13% for KIO. Past performance does not guarantee future results.
Which is riskier, IVV or KIO?
IVV has been the more volatile fund at 15.1% annualized versus 14.3% for KIO. Worst drawdown: IVV -56.5% vs KIO -54.5%.
Should I hold both IVV and KIO?
IVV and KIO have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KIO?
IVV and KIO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 601 unique securities.
Which pays a higher dividend, IVV or KIO?
IVV yields 1.09% while KIO yields 12.12%, so KIO currently pays the higher dividend yield.
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