IVV vs LONZ
iShares Core S&P 500 ETF vs PIMCO Senior Loan Active Exchange-Traded Fund
Which is better, IVV or LONZ?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window.
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 | LONZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.63% |
| AUM | $876.4B | $599M |
| Dividend Yield | 1.06% | 9.14% |
| Holdings | 508 | 307 |
| YTD Return | +12.39%Best | +3.72% |
| 1Y Return | +16.61%Best | +5.80% |
| 3Y Return (annualized) | +21.38%Best | +7.59% |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 14.7% | 3.0%Best |
| Max Drawdown | -18.8% | -4.2%Best |
| $10,000 over 4.3 years | $20,278Best | $13,713 |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Jun 8, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 9, 2022 to Sep 18, 2026 (4.3 years).
IVV vs LONZ 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 4.3 years both funds cover.
IVV vs LONZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is an ETF from PIMCO (US). Over the past year IVV returned +16.61% while LONZ returned +5.80%. Year to date, IVV is up 12.39% versus a gain of 3.72% for LONZ.
Over three years, IVV compounded at +21.38% per year against +7.59% for LONZ. Across the full 4-year window we track, IVV has the edge at +17.87% annualized vs +7.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 3.0% for LONZ. 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 -18.8% for IVV and -4.2% for LONZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while LONZ charges 0.63%. On a $10,000 position that is $3 vs $63 annually, a gap of $60 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 9.14% for LONZ.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 109 in LONZ, totalling 99.3% and 30.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 109 in LONZ, against full books of 508 and 307.
You are not choosing between two funds in isolation.
Whichever of IVV and LONZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or LONZ?
IVV has an expense ratio of 0.03% while LONZ charges 0.63%. IVV is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, IVV or LONZ?
Over the past year IVV returned +16.61% vs +5.80% for LONZ, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +17.87% vs +7.62% for LONZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LONZ?
IVV has been the more volatile fund at 14.7% annualized versus 3.0% for LONZ. Worst drawdown: IVV -18.8% vs LONZ -4.2%.
Should I hold both IVV and LONZ?
IVV and LONZ have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or LONZ?
IVV yields 1.06% while LONZ yields 9.14%, so LONZ currently pays the higher dividend yield.
Is LONZ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.