IVV vs LEXI
iShares Core S&P 500 ETF vs Alexis Practical Tactical ETF
Which is better, IVV or LEXI?
Large Cap Blend against Tactical Allocation.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, LEXI over 1Y. The two have moved almost in lockstep, correlation 0.97. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%.
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 | LEXI |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.00% |
| AUM | $876.4B | $190M |
| Dividend Yield | 1.06% | 0.83% |
| Holdings | 508 | 44 |
| YTD Return | +13.23%Best | +13.11% |
| 1Y Return | +17.38% | +18.56%Best |
| 3Y Return (annualized) | +22.67%Best | +20.35% |
| 5Y Return (annualized) | +13.13%Best | +10.82% |
| Volatility (annualized) | 15.7% | 14.0%Best |
| Max Drawdown | -24.5% | -22.0%Best |
| $10,000 over 5 years | $18,531Best | $16,714 |
| Top 10 Weight | 37.8%Best | 51.7% |
| Fund Family | iShares by BlackRock (US) | Alexis Investment Partners, LLC |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Tactical Allocation |
| Inception | May 15, 2000 | Jun 30, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2021 to Sep 24, 2026 (5.2 years).
IVV vs LEXI 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 5.2 years both funds cover.
IVV vs LEXI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Alexis Practical Tactical ETF (LEXI) is an ETF from Alexis Investment Partners, LLC. Over the past year IVV returned +17.38% while LEXI returned +18.56%. Year to date, IVV is up 13.23% versus a gain of 13.11% for LEXI.
Over three years, IVV compounded at +22.67% per year against +20.35% for LEXI; over five years the annualized figures are +13.13% and +10.82% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 14.0% for LEXI. 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 -22.0% for LEXI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 LEXI charges 1.00%. On a $10,000 position that is $3 vs $100 annually, a gap of $97 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.83% for LEXI.
Holdings Overlap
36.8% of IVV's money is in holdings LEXI also owns. 18.1% of LEXI's money is in holdings IVV also owns.
The two portfolios partly overlap.
25 positions in common, counted across the 490 positions we hold weights for in IVV and 48 in LEXI, against full books of 508 and 44.
What only one of them owns
Measured across the 490 and 48 positions we hold weights for.
IVV holds 457 positions LEXI does not, 61.8% of the fund.
Largest: AMZN 3.84%, AVGO 2.65%, GOOG 2.39%, MU 1.63%, JPM 1.44%
Top Shared Holdings
| Stock | Weight in IVV | Weight in LEXI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 1.18% | 6.89% |
| AAPLApple, Inc | 7.02% | 0.95% | 6.07% |
| MSFTMicrosoft Corp | 5.69% | 1.09% | 4.60% |
| GOOGLAlphabet Inc,class A | 3.00% | 0.95% | 2.05% |
| METAMeta Platforms Inc | 1.90% | 0.66% | 1.24% |
| TSLATesla Inc | 1.56% | 0.74% | 0.82% |
| LLYEli Lilly & Co. | 1.38% | 0.59% | 0.79% |
| AMATApplied Materials, Inc. | 0.55% | 1.00% | 0.45% |
| VVisa Inc Class A | 0.95% | 0.60% | 0.35% |
| CATCaterpillar, Inc. | 0.55% | 0.99% | 0.44% |
36.8% of IVV is already inside LEXI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, IVV or LEXI?
IVV has an expense ratio of 0.03% while LEXI charges 1.00%. IVV is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, IVV or LEXI?
Over the past year IVV returned +17.38% vs +18.56% for LEXI, so LEXI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LEXI?
IVV has been the more volatile fund at 15.7% annualized versus 14.0% for LEXI. Worst drawdown: IVV -24.5% vs LEXI -22.0%.
Should I hold both IVV and LEXI?
IVV and LEXI have a monthly-return correlation of 0.97, 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 LEXI?
36.8% of IVV's money is in holdings LEXI also owns. 18.1% of LEXI's is in holdings IVV also owns. They hold 25 positions in common, counted across the 490 positions we hold weights for in IVV and 48 in LEXI.
Which pays a higher dividend, IVV or LEXI?
IVV yields 1.06% while LEXI yields 0.83%, so IVV currently pays the higher dividend yield.
Is LEXI better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, LEXI over 1Y. The two have moved almost in lockstep, correlation 0.97. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 51.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.