IVV vs LBO
iShares Core S&P 500 ETF vs WHITEWOLF Publicly Listed Private Equity 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 | LBO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 6.71% | |
| AUM | $865.2B | $7M | |
| Dividend Yield | 1.09% | 6.68% | |
| Holdings | 508 | 44 | |
| YTD Return | +14.50% | -3.03% | |
| 1Y Return | +22.02% | -10.53% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 19.3% | |
| Max Drawdown | -56.5% | -32.9% | |
| Fund Family | iShares by BlackRock (US) | White Wolf Capital Advisors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 30, 2023 |
IVV vs LBO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and WHITEWOLF Publicly Listed Private Equity ETF (LBO) is a ETF from White Wolf Capital Advisors. Over the past year IVV returned +22.02% while LBO returned -10.53%. Year to date, IVV is up 14.50% versus a loss of 3.03% for LBO.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -32.9% for LBO. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LBO charges 6.71%. On a $10,000 position that is $3 vs $671 annually, a gap of $668 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.68% for LBO.
Holdings Overlap
IVV and LBO share 5 holdings out of 543 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LBO?
IVV has an expense ratio of 0.03% while LBO charges 6.71%. IVV is the cheaper option. On a $10,000 investment, that is $668 per year of difference.
Which performed better, IVV or LBO?
Over the past year IVV returned +22.02% vs -10.53% for LBO, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.07% vs +4.28% for LBO. Past performance does not guarantee future results.
Which is riskier, IVV or LBO?
LBO has been the more volatile fund at 19.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs LBO -32.9%.
Should I hold both IVV and LBO?
IVV and LBO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LBO?
IVV and LBO share 5 common holdings with a 0.6% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, IVV or LBO?
IVV yields 1.09% while LBO yields 6.68%, so LBO currently pays the higher dividend yield.
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