IVV vs KLMT
iShares Core S&P 500 ETF vs Invesco MSCI Global Climate 500 ETF
Which is better, IVV or KLMT?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. KLMT led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. KLMT is less concentrated, with 24.6% of the fund in its ten largest positions against 37.8%.
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 | KLMT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.10% |
| AUM | $876.4B | $1.6B |
| Dividend Yield | 1.06% | 1.72% |
| Holdings | 508 | 517 |
| YTD Return | +14.15% | +14.80%Best |
| 1Y Return | +17.31% | +18.32%Best |
| 3Y Return (annualized) | +23.17% | - |
| 5Y Return (annualized) | +13.85% | - |
| Volatility (annualized) | 11.9% | 10.8%Best |
| Max Drawdown | -18.8% | -16.9%Best |
| $10,000 over 2.2 years | $14,481 | $14,514Best |
| Top 10 Weight | 37.8% | 24.6%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 26, 2024 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jun 26, 2024 to Sep 21, 2026 (2.2 years).
IVV vs KLMT 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 2.2 years both funds cover.
IVV vs KLMT Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco MSCI Global Climate 500 ETF (KLMT) is an ETF from Invesco (US). Over the past year IVV returned +17.31% while KLMT returned +18.32%. Year to date, IVV is up 14.15% versus a gain of 14.80% for KLMT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 10.8% for KLMT. 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 -16.9% for KLMT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while KLMT charges 0.10%. On a $10,000 position that is $3 vs $10 annually, a gap of $7 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.72% for KLMT.
Holdings Overlap
85.6% of IVV's money is in holdings KLMT also owns. 62.6% of KLMT's money is in holdings IVV also owns.
Most of IVV is already inside KLMT. Owning both mostly buys the same companies twice.
235 positions in common, counted across the 490 positions we hold weights for in IVV and 499 in KLMT, against full books of 508 and 517.
What only one of them owns
Our book lists 26 positions for KLMT that do not appear in our book for IVV (3.9% of the fund), and 247 for IVV that do not appear in KLMT (13.1%).
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 KLMT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 4.96% | 3.11% |
| AAPLApple, Inc | 7.02% | 4.53% | 2.49% |
| MSFTMicrosoft Corp | 5.69% | 3.50% | 2.19% |
| AMZNAmazon.Com Inc | 3.84% | 2.44% | 1.40% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.13% | 0.87% |
| AVGOBroadcom Inc | 2.65% | 1.62% | 1.03% |
| GOOGAlphabet Inc | 2.39% | 1.30% | 1.09% |
| METAMeta Platforms Inc | 1.90% | 1.24% | 0.66% |
| MUMicron Technology, Inc. | 1.63% | 1.07% | 0.56% |
| TSLATesla Inc | 1.56% | 1.01% | 0.55% |
85.6% of IVV is already inside KLMT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or KLMT?
IVV has an expense ratio of 0.03% while KLMT charges 0.10%. IVV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, IVV or KLMT?
Over the past year IVV returned +17.31% vs +18.32% for KLMT, so KLMT leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +18.33% vs +18.45% for KLMT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KLMT?
IVV has been the more volatile fund at 11.9% annualized versus 10.8% for KLMT. Worst drawdown: IVV -18.8% vs KLMT -16.9%.
Should I hold both IVV and KLMT?
IVV and KLMT have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and KLMT?
85.6% of IVV's money is in holdings KLMT also owns. 62.6% of KLMT's is in holdings IVV also owns. They hold 235 positions in common, counted across the 490 positions we hold weights for in IVV and 499 in KLMT.
Which pays a higher dividend, IVV or KLMT?
IVV yields 1.06% while KLMT yields 1.72%, so KLMT currently pays the higher dividend yield.
Is KLMT better than IVV?
IVV has a lower expense ratio. KLMT led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. KLMT is less concentrated, with 24.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.