IVV vs KLXY
iShares Core S&P 500 ETF vs KraneShares Global Luxury Index ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | KLXY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.69% | |
| AUM | $907.0B | $2M | |
| Dividend Yield | 1.10% | 0.84% | |
| Holdings | 508 | 31 | |
| YTD Return | +12.71% | -1.39% | |
| 1Y Return | +21.89% | +10.83% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 16.1% | |
| Max Drawdown | -56.5% | -26.6% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 7, 2023 |
IVV vs KLXY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares Global Luxury Index ETF (KLXY) is a ETF from KraneShares. Over the past year IVV returned +21.89% while KLXY returned +10.83%. Year to date, IVV is up 12.71% versus a loss of 1.39% for KLXY.
Risk: Volatility and Drawdowns
KLXY has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% 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 -56.5% for IVV and -26.6% for KLXY. 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KLXY charges 0.69%. On a $10,000 position that is $3 vs $69 annually, a gap of $66 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.84% for KLXY.
Holdings Overlap
IVV and KLXY share 4 holdings out of 524 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or KLXY?
IVV has an expense ratio of 0.03% while KLXY charges 0.69%. IVV is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, IVV or KLXY?
Over the past year IVV returned +21.89% vs +10.83% for KLXY, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +2.81% for KLXY. Past performance does not guarantee future results.
Which is riskier, IVV or KLXY?
KLXY has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs KLXY -26.6%.
Should I hold both IVV and KLXY?
IVV and KLXY have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KLXY?
IVV and KLXY share 4 common holdings with a 0.1% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, IVV or KLXY?
IVV yields 1.10% while KLXY yields 0.84%, so IVV currently pays the higher dividend yield.
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