IVV vs KLIP
iShares Core S&P 500 ETF vs KraneShares KWEB Covered Call Strategy ETF
Which is better, IVV or KLIP?
Large Cap Blend against Option Writing.
IVV has a lower expense ratio. IVV led over 1Y, 3Y 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 | KLIP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.94% |
| AUM | $886.7B | $97M |
| Dividend Yield | 1.10% | 29.86% |
| Holdings | 508 | 7 |
| YTD Return | +12.70%Best | -12.88% |
| 1Y Return | +19.36%Best | -12.05% |
| 3Y Return (annualized) | +21.16%Best | +4.29% |
| 5Y Return (annualized) | +12.75% | - |
| Volatility (annualized) | 12.4%Best | 14.5% |
| Max Drawdown | -18.8%Best | -21.5% |
| $10,000 over 3.7 years | $20,406Best | $11,790 |
| Fund Family | iShares by BlackRock (US) | KraneShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | May 15, 2000 | Jan 11, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 12, 2023 to Sep 8, 2026 (3.7 years).
IVV vs KLIP 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 3.7 years both funds cover.
IVV vs KLIP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and KraneShares KWEB Covered Call Strategy ETF (KLIP) is an ETF from KraneShares. Over the past year IVV returned +19.36% while KLIP returned -12.05%. Year to date, IVV is up 12.70% versus a loss of 12.88% for KLIP.
Over three years, IVV compounded at +21.16% per year against +4.29% for KLIP. Across the full 4-year window we track, IVV has the edge at +21.26% annualized vs +4.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KLIP has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 12.4% 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 -18.8% for IVV and -21.5% for KLIP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while KLIP charges 0.94%. On a $10,000 position that is $3 vs $94 annually, a gap of $91 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 29.86% for KLIP.
Holdings Overlap
We hold position weights for 504 holdings in IVV and 1 in KLIP, totalling 100.0% and 102.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in IVV and 1 in KLIP, against full books of 508 and 7.
You are not choosing between two funds in isolation.
Whichever of IVV and KLIP 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 KLIP?
IVV has an expense ratio of 0.03% while KLIP charges 0.94%. IVV is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, IVV or KLIP?
Over the past year IVV returned +19.36% vs -12.05% for KLIP, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +21.26% vs +4.55% for KLIP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KLIP?
KLIP has been the more volatile fund at 14.5% annualized versus 12.4% for IVV. Worst drawdown: IVV -18.8% vs KLIP -21.5%.
Should I hold both IVV and KLIP?
IVV and KLIP have a monthly-return correlation of 0.38, 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 KLIP?
IVV yields 1.10% while KLIP yields 29.86%, so KLIP currently pays the higher dividend yield.
Is KLIP better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.