IVV vs KLMT
iShares Core S&P 500 ETF vs Invesco MSCI Global Climate 500 ETF
Quick Verdict
IVV has a lower expense ratio. KLMT delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | KLMT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.10% | |
| AUM | $865.2B | $1.5B | |
| Dividend Yield | 1.09% | 1.76% | |
| Holdings | 508 | 518 | |
| YTD Return | +13.80% | +14.81% | |
| 1Y Return | +23.01% | +24.46% | |
| 3Y Return (annualized) | +21.77% | - | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 11.1% | |
| Max Drawdown | -56.5% | -16.9% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 26, 2024 |
IVV vs KLMT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco MSCI Global Climate 500 ETF (KLMT) is a ETF from Invesco (US). Over the past year IVV returned +23.01% while KLMT returned +24.46%. Year to date, IVV is up 13.80% versus a gain of 14.81% for KLMT.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.1% 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 -56.5% for IVV and -16.9% for KLMT. 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 0.95. 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 1.09% against 1.76% for KLMT.
Holdings Overlap
IVV and KLMT share 236 holdings out of 766 unique holdings combined, representing a 59.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
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. On a $10,000 investment, that is $7 per year of difference.
Which performed better, IVV or KLMT?
Over the past year IVV returned +23.01% vs +24.46% for KLMT, so KLMT leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +19.55% for KLMT. Past performance does not guarantee future results.
Which is riskier, IVV or KLMT?
IVV has been the more volatile fund at 15.1% annualized versus 11.1% for KLMT. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and KLMT?
IVV and KLMT share 236 common holdings with a 59.5% weight overlap. Combined, they hold 766 unique securities.
Which pays a higher dividend, IVV or KLMT?
IVV yields 1.09% while KLMT yields 1.76%, so KLMT currently pays the higher dividend yield.
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