IVV vs LGLV
iShares Core S&P 500 ETF vs State Street SPDR US Large Cap Low Volatility Index 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 | LGLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.12% | |
| AUM | $865.2B | $1.2B | |
| Dividend Yield | 1.09% | 2.05% | |
| Holdings | 508 | 174 | |
| YTD Return | +14.50% | +8.70% | |
| 1Y Return | +22.02% | +8.86% | |
| 3Y Return (annualized) | +21.80% | +12.71% | |
| 5Y Return (annualized) | +13.37% | +8.28% | |
| Volatility (annualized) | 15.1% | 12.9% | |
| Max Drawdown | -56.5% | -37.0% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 20, 2013 |
IVV vs LGLV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR US Large Cap Low Volatility Index ETF (LGLV) is a ETF from State Street Investment Management. Over the past year IVV returned +22.02% while LGLV returned +8.86%. Year to date, IVV is up 14.50% versus a gain of 8.70% for LGLV.
Over three years, IVV compounded at +21.80% per year against +12.71% for LGLV; over five years the annualized figures are +13.37% and +8.28% respectively. Across the full 14-year window we track, LGLV has the edge at +9.84% annualized vs +7.07%. 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 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 -56.5% for IVV and -37.0% for LGLV. 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 0.85. 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 1.09% against 2.05% for LGLV.
Holdings Overlap
IVV and LGLV share 123 holdings out of 554 unique holdings combined, representing a 19.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $9 per year of difference.
Which performed better, IVV or LGLV?
Over the past year IVV returned +22.02% vs +8.86% for LGLV, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +7.07% vs +9.84% for LGLV. Past performance does not guarantee future results.
Which is riskier, IVV or LGLV?
IVV has been the more volatile fund at 15.1% annualized versus 12.9% for LGLV. Worst drawdown: IVV -56.5% vs LGLV -37.0%.
Should I hold both IVV and LGLV?
IVV and LGLV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LGLV?
IVV and LGLV share 123 common holdings with a 19.5% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, IVV or LGLV?
IVV yields 1.09% while LGLV yields 2.05%, so LGLV currently pays the higher dividend yield.
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