IVV vs LUMA
iShares Core S&P 500 ETF vs KraneShares Photonic and Optical ETF
Which is better, IVV or LUMA?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 57.6%.
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 | LUMA |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.00% |
| AUM | $886.7B | $2M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 28 |
| YTD Return | +13.39%Best | +1.01% |
| 1Y Return | +20.08% | - |
| 3Y Return (annualized) | +21.29% | - |
| 5Y Return (annualized) | +12.88% | - |
| Top 10 Weight | 37.9%Best | 57.6% |
| Fund Family | iShares by BlackRock (US) | KraneShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Jul 15, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs LUMA 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs LUMA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and KraneShares Photonic and Optical ETF (LUMA) is an ETF from KraneShares. Year to date, IVV is up 13.39% versus a gain of 1.01% for LUMA.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while LUMA charges 1.00%. On a $10,000 position that is $3 vs $100 annually, a gap of $97 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for LUMA.
Holdings Overlap
0.8% of IVV's money is in holdings LUMA also owns. 22.6% of LUMA's money is in holdings IVV also owns.
LUMA and IVV share little of their money.
5 positions in common, counted across the 505 positions we hold weights for in IVV and 26 in LUMA, against full books of 508 and 28.
What only one of them owns
Our book lists 8 positions for LUMA that do not appear in our book for IVV (26.7% of the fund), and 492 for IVV that do not appear in LUMA (98.6%).
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.
22.6% of LUMA 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 LUMA?
IVV has an expense ratio of 0.03% while LUMA charges 1.00%. IVV is the cheaper option, by $97 a year on a $10,000 investment.
What is the holdings overlap between IVV and LUMA?
22.6% of LUMA's money is in holdings IVV also owns. 22.6% of LUMA's is in holdings IVV also owns. They hold 5 positions in common, counted across the 505 positions we hold weights for in IVV and 26 in LUMA.
Which pays a higher dividend, IVV or LUMA?
IVV yields 1.10% while LUMA yields 0.00%, so IVV currently pays the higher dividend yield.
Is LUMA better than IVV?
IVV has a lower expense ratio. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 57.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.