IVV vs KMF
iShares Core S&P 500 ETF vs Kayne Anderson NextGen Energy & Infrastructure Inc
Which is better, IVV or KMF?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 1Y 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 | KMF |
|---|---|---|
| Expense Ratio | 0.03%Best | 3.20% |
| AUM | $886.7B | $501M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 39 |
| Volatility (annualized) | 14.2%Best | 33.2% |
| Max Drawdown | -33.9%Best | -94.3% |
| $10,000 over 15.6 years | $66,931Best | $9,409 |
| Fund Family | iShares by BlackRock (US) | Kayne Anderson Capital Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Nov 24, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 68 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 8, 2026 and KMF through Jul 2, 2026.
Volatility and max drawdown, and the $10,000 over 15.6 years row, are measured over the window both funds cover: Nov 24, 2010 to Jul 2, 2026 (15.6 years).
Risk: Volatility and Drawdowns
KMF has been the more volatile fund, with annualized monthly volatility of 33.2% compared with 14.2% 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 -33.9% for IVV and -94.3% for KMF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while KMF charges 3.20%. On a $10,000 position that is $3 vs $320 annually, a gap of $317 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for KMF.
Holdings Overlap
At least 2.0% of IVV's money is in holdings KMF also owns.
Only one direction is shown: for KMF, our book for it lists positions totalling 113.5% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
IVV and KMF share little of their money.
The two holdings books were reported 1070 days apart, IVV as of Aug 5, 2026 and KMF as of Aug 31, 2023, so some of the difference between them is the time between the two reports rather than the funds.
10 positions in common, counted across the 504 positions we hold weights for in IVV and 31 in KMF, against full books of 508 and 39.
Top Shared Holdings
| Stock | Weight in IVV | Weight in KMF | Difference |
|---|---|---|---|
| WMBWilliams Cos Inc/the | 0.13% | 10.96% | 10.83% |
| TRGPTarga Resources Inc | 0.08% | 9.95% | 9.87% |
| OKEOneok Inc. | 0.08% | 5.75% | 5.67% |
| SRESempra Energy | 0.08% | 4.22% | 4.14% |
| XOMExxon Mobil Corp | 0.94% | 3.23% | 2.29% |
| NEENextera Energy Inc | 0.27% | 3.89% | 3.62% |
| KMIKinder Morgan Inc./de | 0.09% | 2.43% | 2.34% |
| DUKDuke Energy Corp. | 0.14% | 1.63% | 1.49% |
| XELXcel Energy Inc. | 0.07% | 0.97% | 0.90% |
| PSXPhillips 66 | 0.12% | 0.67% | 0.55% |
You are not choosing between two funds in isolation.
Whichever of IVV and KMF 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 KMF?
IVV has an expense ratio of 0.03% while KMF charges 3.20%. IVV is the cheaper option, by $317 a year on a $10,000 investment.
Which is riskier, IVV or KMF?
KMF has been the more volatile fund at 33.2% annualized versus 14.2% for IVV. Worst drawdown: IVV -33.9% vs KMF -94.3%.
Should I hold both IVV and KMF?
IVV and KMF have a monthly-return correlation of 0.67, 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 KMF?
At least 2.0% of IVV's money is in holdings KMF also owns. Our book for KMF is partial, so the real figure is this or higher. They hold 10 positions in common, counted across the 504 positions we hold weights for in IVV and 31 in KMF.
Which pays a higher dividend, IVV or KMF?
IVV yields 1.10% while KMF yields 0.00%, so IVV currently pays the higher dividend yield.
Is KMF better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.