IVV vs LGLV
iShares Core S&P 500 ETF vs State Street SPDR US Large Cap Low Volatility Index ETF
Which is better, IVV or LGLV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. LGLV is less concentrated, with 15.2% of the fund in its ten largest positions against 37.9%.
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 | LGLV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.12% |
| AUM | $886.7B | $1.2B |
| Dividend Yield | 1.10% | 1.99% |
| Holdings | 508 | 174 |
| YTD Return | +13.86%Best | +7.39% |
| 1Y Return | +21.57%Best | +8.00% |
| 3Y Return (annualized) | +21.48%Best | +12.83% |
| 5Y Return (annualized) | +12.88%Best | +7.70% |
| Volatility (annualized) | 14.3% | 12.9%Best |
| Max Drawdown | -33.9%Best | -37.0% |
| $10,000 over 5 years | $18,327Best | $14,490 |
| Top 10 Weight | 37.9% | 15.2%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Feb 20, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Feb 21, 2013 to Sep 3, 2026 (13.5 years).
IVV vs LGLV 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 13.5 years both funds cover.
IVV vs LGLV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR US Large Cap Low Volatility Index ETF (LGLV) is an ETF from State Street Investment Management. Over the past year IVV returned +21.57% while LGLV returned +8.00%. Year to date, IVV is up 13.86% versus a gain of 7.39% for LGLV.
Over three years, IVV compounded at +21.48% per year against +12.83% for LGLV; over five years the annualized figures are +12.88% and +7.70% respectively. Across the full 14-year window we track, IVV has the edge at +13.50% annualized vs +9.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 12.9% for LGLV. 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 -37.0% for LGLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while LGLV charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.99% for LGLV.
Holdings Overlap
34.8% of IVV's money is in holdings LGLV also owns. 82.4% of LGLV's money is in holdings IVV also owns.
Most of LGLV is already inside IVV. Owning both mostly buys the same companies twice.
124 positions in common, counted across the 505 positions we hold weights for in IVV and 173 in LGLV, against full books of 508 and 174.
What only one of them owns
Our book lists 45 positions for LGLV that do not appear in our book for IVV (15.4% of the fund), and 374 for IVV that do not appear in LGLV (64.5%).
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 LGLV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.86% | 0.66% | 6.20% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 0.73% | 4.71% |
| WELLWelltower, Inc. | 0.25% | 4.33% | 4.08% |
| GOOGLAlphabet Inc.Class A | 3.19% | 0.43% | 2.76% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.43% | 0.92% | 0.51% |
| JNJJohnson & Johnson - Common | 0.93% | 0.98% | 0.05% |
| VVisa Inc Class A | 0.92% | 0.99% | 0.07% |
| ORealty Income Corp. | 0.09% | 1.78% | 1.69% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 1.08% | 0.36% |
| KOCoca-Cola Co. (The) | 0.51% | 1.14% | 0.63% |
82.4% of LGLV 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 LGLV?
IVV has an expense ratio of 0.03% while LGLV charges 0.12%. IVV is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IVV or LGLV?
Over the past year IVV returned +21.57% vs +8.00% for LGLV, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.50% vs +9.70% for LGLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LGLV?
IVV has been the more volatile fund at 14.3% annualized versus 12.9% for LGLV. Worst drawdown: IVV -33.9% vs LGLV -37.0%.
Should I hold both IVV and LGLV?
IVV and LGLV have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and LGLV?
82.4% of LGLV's money is in holdings IVV also owns. 82.4% of LGLV's is in holdings IVV also owns. They hold 124 positions in common, counted across the 505 positions we hold weights for in IVV and 173 in LGLV.
Which pays a higher dividend, IVV or LGLV?
IVV yields 1.10% while LGLV yields 1.99%, so LGLV currently pays the higher dividend yield.
Is LGLV better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. LGLV is less concentrated, with 15.2% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.