IVV vs LST
iShares Core S&P 500 ETF vs Leuthold Select Industries ETF
Which is better, IVV or LST?
LST has been ahead.
IVV has a lower expense ratio. LST led over 1Y and the full window. LST is less concentrated, with 17.7% of the fund in its ten largest positions against 37.8%.
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 | LST |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.65% |
| AUM | $876.4B | $178M |
| Dividend Yield | 1.06% | 1.12% |
| Holdings | 508 | 122 |
| YTD Return | +14.14% | +18.28%Best |
| 1Y Return | +17.30% | +21.26%Best |
| 3Y Return (annualized) | +23.04% | - |
| 5Y Return (annualized) | +13.63% | - |
| Volatility (annualized) | 12.8%Best | 14.2% |
| Max Drawdown | -18.8%Best | -19.5% |
| $10,000 over 1.7 years | $13,166 | $13,862Best |
| Top 10 Weight | 37.8% | 17.7%Best |
| Fund Family | iShares by BlackRock (US) | Leuthold Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 19, 2000 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 21, 2025 to Sep 22, 2026 (1.7 years).
IVV vs LST 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 1.7 years both funds cover.
IVV vs LST Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Leuthold Select Industries ETF (LST) is an ETF from Leuthold Funds. Over the past year IVV returned +17.30% while LST returned +21.26%. Year to date, IVV is up 14.14% versus a gain of 18.28% for LST.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LST has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.8% 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 -18.8% for IVV and -19.5% for LST. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while LST charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.12% for LST.
Holdings Overlap
34.4% of IVV's money is in holdings LST also owns. 60.2% of LST's money is in holdings IVV also owns.
The two portfolios partly overlap.
58 positions in common, counted across the 490 positions we hold weights for in IVV and 117 in LST, against full books of 508 and 122.
What only one of them owns
Our book lists 44 positions for LST that do not appear in our book for IVV (27.0% of the fund), and 424 for IVV that do not appear in LST (64.2%).
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 LST | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 1.07% | 7.00% |
| MSFTMicrosoft Corp | 5.69% | 1.96% | 3.73% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.03% | 0.97% |
| AVGOBroadcom Inc | 2.65% | 0.97% | 1.68% |
| METAMeta Platforms Inc | 1.90% | 1.49% | 0.41% |
| JPMJpmorgan Chase | 1.44% | 1.44% | 0.00% |
| AMDAdvanced Micro Devices, Inc | 1.16% | 1.61% | 0.45% |
| DELLDell Technologies Inc | 0.20% | 2.27% | 2.07% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 1.67% | 1.01% |
| JNJJohnson & Johnson - Common | 0.97% | 1.11% | 0.14% |
60.2% of LST 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 LST?
IVV has an expense ratio of 0.03% while LST charges 0.65%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, IVV or LST?
Over the past year IVV returned +17.30% vs +21.26% for LST, so LST leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +17.56% vs +21.18% for LST. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LST?
LST has been the more volatile fund at 14.2% annualized versus 12.8% for IVV. Worst drawdown: IVV -18.8% vs LST -19.5%.
Should I hold both IVV and LST?
IVV and LST have a monthly-return correlation of 0.86, 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 LST?
60.2% of LST's money is in holdings IVV also owns. 60.2% of LST's is in holdings IVV also owns. They hold 58 positions in common, counted across the 490 positions we hold weights for in IVV and 117 in LST.
Which pays a higher dividend, IVV or LST?
IVV yields 1.06% while LST yields 1.12%, so LST currently pays the higher dividend yield.
Is LST better than IVV?
IVV has a lower expense ratio. LST led over 1Y and the full window. LST is less concentrated, with 17.7% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.