IVV vs LEGR
iShares Core S&P 500 ETF vs First Trust Indxx Innovative Transaction & Process ETF
Which is better, IVV or LEGR?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 5Y and the full window, LEGR over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.90. LEGR is less concentrated, with 19.4% of the fund in its ten largest positions against 37.8%.
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 | LEGR |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.65% |
| AUM | $876.4B | $130M |
| Dividend Yield | 1.06% | 1.75% |
| Holdings | 508 | 228 |
| YTD Return | +12.39%Best | +11.01% |
| 1Y Return | +16.61% | +19.58%Best |
| 3Y Return (annualized) | +21.38% | +22.90%Best |
| 5Y Return (annualized) | +13.51%Best | +12.33% |
| Volatility (annualized) | 16.4%Best | 16.9% |
| Max Drawdown | -33.9%Best | -36.1% |
| $10,000 over 5 years | $18,844Best | $17,885 |
| Top 10 Weight | 37.8% | 19.4%Best |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Jan 25, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Jan 25, 2018 to Sep 18, 2026 (8.6 years).
IVV vs LEGR 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 8.6 years both funds cover.
IVV vs LEGR Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and First Trust Indxx Innovative Transaction & Process ETF (LEGR) is an ETF from First Trust Portfolios (US). Over the past year IVV returned +16.61% while LEGR returned +19.58%. Year to date, IVV is up 12.39% versus a gain of 11.01% for LEGR.
Over three years, IVV compounded at +21.38% per year against +22.90% for LEGR; over five years the annualized figures are +13.51% and +12.33% respectively. Across the full 9-year window we track, IVV has the edge at +13.12% annualized vs +11.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LEGR has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.4% 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 -36.1% for LEGR. 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 LEGR charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.75% for LEGR.
Holdings Overlap
33.3% of IVV's money is in holdings LEGR also owns. 41.6% of LEGR's money is in holdings IVV also owns.
The two portfolios partly overlap.
39 positions in common, counted across the 490 positions we hold weights for in IVV and 104 in LEGR, against full books of 508 and 228.
What only one of them owns
Our book lists 7 positions for LEGR that do not appear in our book for IVV (5.7% of the fund), and 443 for IVV that do not appear in LEGR (65.3%).
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 LEGR | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 1.45% | 6.62% |
| MSFTMicrosoft Corp | 5.69% | 1.51% | 4.18% |
| AMZNAmazon.Com Inc | 3.84% | 1.49% | 2.35% |
| MUMicron Technology, Inc. | 1.63% | 2.84% | 1.21% |
| AMDAdvanced Micro Devices Inc | 1.16% | 2.85% | 1.69% |
| INTCIntel Corporation | 0.67% | 2.37% | 1.70% |
| JPMJpmorgan Chase | 1.44% | 0.85% | 0.59% |
| TSLATesla Inc | 1.56% | 0.63% | 0.93% |
| MAMastercard Inc | 0.72% | 1.42% | 0.70% |
| MSMorgan Stanley | 0.39% | 1.66% | 1.27% |
41.6% of LEGR 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 LEGR?
IVV has an expense ratio of 0.03% while LEGR charges 0.65%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, IVV or LEGR?
Over the past year IVV returned +16.61% vs +19.58% for LEGR, so LEGR leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +13.12% vs +11.20% for LEGR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LEGR?
LEGR has been the more volatile fund at 16.9% annualized versus 16.4% for IVV. Worst drawdown: IVV -33.9% vs LEGR -36.1%.
Should I hold both IVV and LEGR?
IVV and LEGR 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 LEGR?
41.6% of LEGR's money is in holdings IVV also owns. 41.6% of LEGR's is in holdings IVV also owns. They hold 39 positions in common, counted across the 490 positions we hold weights for in IVV and 104 in LEGR.
Which pays a higher dividend, IVV or LEGR?
IVV yields 1.06% while LEGR yields 1.75%, so LEGR currently pays the higher dividend yield.
Is LEGR better than IVV?
IVV has a lower expense ratio. IVV led over 5Y and the full window, LEGR over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.90. LEGR is less concentrated, with 19.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.