IVV vs KLXY
iShares Core S&P 500 ETF vs KraneShares Global Luxury Index ETF
Which is better, IVV or KLXY?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 64.8%.
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 | KLXY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.69% |
| AUM | $876.4B | $2M |
| Dividend Yield | 1.06% | 0.84% |
| Holdings | 508 | 31 |
| Volatility (annualized) | 11.7%Best | 16.1% |
| Max Drawdown | -18.8%Best | -26.6% |
| $10,000 over 2.5 years | $15,364Best | $10,717 |
| Top 10 Weight | 37.8%Best | 64.8% |
| Fund Family | iShares by BlackRock (US) | KraneShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Sep 7, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 186 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 15, 2026 and KLXY through Mar 13, 2026.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Sep 7, 2023 to Mar 13, 2026 (2.5 years).
Risk: Volatility and Drawdowns
KLXY has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 11.7% 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 -26.6% for KLXY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
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 1.06% against 0.84% for KLXY.
Holdings Overlap
0.1% of IVV's money is in holdings KLXY also owns. 22.1% of KLXY's money is in holdings IVV also owns.
KLXY and IVV share little of their money.
The two holdings books were reported 213 days apart, IVV as of Aug 31, 2026 and KLXY as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
4 positions in common, counted across the 490 positions we hold weights for in IVV and 23 in KLXY, against full books of 508 and 31.
What only one of them owns
Our book lists 3 positions for KLXY that do not appear in our book for IVV (8.2% of the fund), and 478 for IVV that do not appear in KLXY (98.5%).
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.
22.1% of KLXY is already inside IVV.
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 KLXY?
IVV has an expense ratio of 0.03% while KLXY charges 0.69%. IVV is the cheaper option, by $66 a year on a $10,000 investment.
Which is riskier, IVV or KLXY?
KLXY has been the more volatile fund at 16.1% annualized versus 11.7% for IVV. Worst drawdown: IVV -18.8% vs KLXY -26.6%.
Should I hold both IVV and KLXY?
IVV and KLXY have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and KLXY?
22.1% of KLXY's money is in holdings IVV also owns. 22.1% of KLXY's is in holdings IVV also owns. They hold 4 positions in common, counted across the 490 positions we hold weights for in IVV and 23 in KLXY.
Which pays a higher dividend, IVV or KLXY?
IVV yields 1.06% while KLXY yields 0.84%, so IVV currently pays the higher dividend yield.
Is KLXY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 64.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.