IVV vs LITL
iShares Core S&P 500 ETF vs Simplify Piper Sandler US Small-Cap PLUS Income ETF
Quick Verdict
IVV has a lower expense ratio. LITL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LITL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.91% | |
| AUM | $907.0B | $7M | |
| Dividend Yield | 1.10% | 1.66% | |
| Holdings | 508 | 171 | |
| YTD Return | +12.28% | +17.48% | |
| 1Y Return | +20.94% | +26.20% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 15.2% | |
| Max Drawdown | -56.5% | -9.3% | |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 28, 2025 |
IVV vs LITL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is a ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +20.94% while LITL returned +26.20%. Year to date, IVV is up 12.28% versus a gain of 17.48% for LITL.
Risk: Volatility and Drawdowns
LITL has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 15.1% 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 -56.5% for IVV and -9.3% for LITL. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LITL charges 0.91%. On a $10,000 position that is $3 vs $91 annually, a gap of $88 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.66% for LITL.
Holdings Overlap
IVV and LITL share 0 holdings out of 659 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LITL?
IVV has an expense ratio of 0.03% while LITL charges 0.91%. IVV is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, IVV or LITL?
Over the past year IVV returned +20.94% vs +26.20% for LITL, so LITL leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +6.98% vs +28.35% for LITL. Past performance does not guarantee future results.
Which is riskier, IVV or LITL?
LITL has been the more volatile fund at 15.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs LITL -9.3%.
Should I hold both IVV and LITL?
IVV and LITL have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LITL?
IVV and LITL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 659 unique securities.
Which pays a higher dividend, IVV or LITL?
IVV yields 1.10% while LITL yields 1.66%, so LITL currently pays the higher dividend yield.
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