IVV vs KVLE
iShares Core S&P 500 ETF vs KraneShares Value Line Dynamic Dividend Equity Index ETF
Which is better, IVV or KVLE?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. KVLE is less concentrated, with 23.6% of the fund in its ten largest positions against 38.1%.
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 | KVLE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.56% |
| AUM | $882.6B | $40M |
| Dividend Yield | 1.06% | 7.25% |
| Holdings | 508 | 166 |
| YTD Return | +13.60%Best | +10.54% |
| 1Y Return | +16.32%Best | +9.36% |
| 3Y Return (annualized) | +23.81%Best | +16.99% |
| 5Y Return (annualized) | +14.03%Best | +10.46% |
| Volatility (annualized) | 14.9% | 13.7%Best |
| Max Drawdown | -24.5% | -18.4%Best |
| $10,000 over 5 years | $19,279Best | $16,445 |
| Top 10 Weight | 38.1% | 23.6%Best |
| Fund Family | iShares by BlackRock (US) | KraneShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Nov 24, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Nov 24, 2020 to Oct 2, 2026 (5.9 years).
IVV vs KVLE 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 5.9 years both funds cover.
IVV vs KVLE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and KraneShares Value Line Dynamic Dividend Equity Index ETF (KVLE) is an ETF from KraneShares. Over the past year IVV returned +16.32% while KVLE returned +9.36%. Year to date, IVV is up 13.60% versus a gain of 10.54% for KVLE.
Over three years, IVV compounded at +23.81% per year against +16.99% for KVLE; over five years the annualized figures are +14.03% and +10.46% respectively. Across the full 6-year window we track, IVV has the edge at +15.26% annualized vs +11.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 13.7% for KVLE. 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 -24.5% for IVV and -18.4% for KVLE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. 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 KVLE charges 0.56%. On a $10,000 position that is $3 vs $56 annually, a gap of $53 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 7.25% for KVLE.
Holdings Overlap
39.5% of IVV's money is in holdings KVLE also owns. 76.2% of KVLE's money is in holdings IVV also owns.
Most of KVLE is already inside IVV. Owning both mostly buys the same companies twice.
62 positions in common, counted across the 505 positions we hold weights for in IVV and 81 in KVLE, against full books of 508 and 166.
What only one of them owns
Our book lists 18 positions for KVLE that do not appear in our book for IVV (22.0% of the fund), and 435 for IVV that do not appear in KVLE (59.8%).
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 KVLE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.00% | 5.64% | 2.36% |
| AAPLApple, Inc | 7.39% | 1.25% | 6.14% |
| MSFTMicrosoft Corp | 5.57% | 2.59% | 2.98% |
| AVGOBroadcom Inc | 2.59% | 3.01% | 0.42% |
| MUMicron Technology, Inc. | 1.66% | 1.39% | 0.27% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.67% | 1.99% | 1.32% |
| JPMJpmorgan Chase | 1.44% | 1.08% | 0.36% |
| GSGoldman Sachs Group Inc/The | 0.46% | 1.87% | 1.41% |
| TXNTexas Instrument Inc | 0.37% | 1.80% | 1.43% |
| CVXChevron Corp | 0.61% | 1.45% | 0.84% |
76.2% of KVLE 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 KVLE?
IVV has an expense ratio of 0.03% while KVLE charges 0.56%. IVV is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, IVV or KVLE?
Over the past year IVV returned +16.32% vs +9.36% for KVLE, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.26% vs +11.82% for KVLE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KVLE?
IVV has been the more volatile fund at 14.9% annualized versus 13.7% for KVLE. Worst drawdown: IVV -24.5% vs KVLE -18.4%.
Should I hold both IVV and KVLE?
IVV and KVLE have a monthly-return correlation of 0.90, 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 KVLE?
76.2% of KVLE's money is in holdings IVV also owns. 76.2% of KVLE's is in holdings IVV also owns. They hold 62 positions in common, counted across the 505 positions we hold weights for in IVV and 81 in KVLE.
Which pays a higher dividend, IVV or KVLE?
IVV yields 1.06% while KVLE yields 7.25%, so KVLE currently pays the higher dividend yield.
Is KVLE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. KVLE is less concentrated, with 23.6% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.