IVV vs LEMB
iShares Core S&P 500 ETF vs iShares JP Morgan EM Local Currency Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | LEMB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.30% | |
| AUM | $865.2B | $736M | |
| Dividend Yield | 1.09% | 2.40% | |
| Holdings | 508 | 469 | |
| YTD Return | +13.43% | +3.17% | |
| 1Y Return | +22.61% | +8.88% | |
| 3Y Return (annualized) | +21.47% | +6.90% | |
| 5Y Return (annualized) | +13.26% | +1.69% | |
| Volatility (annualized) | 15.1% | 10.1% | |
| Max Drawdown | -56.5% | -31.1% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Oct 18, 2011 |
IVV vs LEMB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares JP Morgan EM Local Currency Bond ETF (LEMB) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +22.61% while LEMB returned +8.88%. Year to date, IVV is up 13.43% versus a gain of 3.17% for LEMB.
Over three years, IVV compounded at +21.47% per year against +6.90% for LEMB; over five years the annualized figures are +13.26% and +1.69% respectively. Across the full 15-year window we track, IVV has the edge at +7.03% annualized vs +0.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.1% for LEMB. 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 -31.1% for LEMB. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LEMB charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.40% for LEMB.
Holdings Overlap
IVV and LEMB share 1 holdings out of 507 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in LEMB | Difference |
|---|---|---|---|
| XTSLA | 0.15% | 0.09% | 0.06% |
Frequently Asked Questions
Which is cheaper, IVV or LEMB?
IVV has an expense ratio of 0.03% while LEMB charges 0.30%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, IVV or LEMB?
Over the past year IVV returned +22.61% vs +8.88% for LEMB, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.03% vs +0.54% for LEMB. Past performance does not guarantee future results.
Which is riskier, IVV or LEMB?
IVV has been the more volatile fund at 15.1% annualized versus 10.1% for LEMB. Worst drawdown: IVV -56.5% vs LEMB -31.1%.
Should I hold both IVV and LEMB?
IVV and LEMB have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LEMB?
IVV and LEMB share 1 common holdings with a 0.1% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or LEMB?
IVV yields 1.09% while LEMB yields 2.40%, so LEMB currently pays the higher dividend yield.
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