IVV vs LUMA
iShares Core S&P 500 ETF vs KraneShares Photonic and Optical ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LUMA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.00% | |
| AUM | $907.0B | $2M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 26 | |
| YTD Return | +14.29% | +8.92% | |
| 1Y Return | +21.79% | - | |
| 3Y Return (annualized) | +22.19% | - | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -20.6% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 15, 2026 |
IVV vs LUMA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares Photonic and Optical ETF (LUMA) is a ETF from KraneShares. Year to date, IVV is up 14.29% versus a gain of 8.92% for LUMA.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -20.6% for LUMA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
IVV and LUMA share 5 holdings out of 526 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $97 per year of difference.
What is the holdings overlap between IVV and LUMA?
IVV and LUMA share 5 common holdings with a 0.8% weight overlap. Combined, they hold 526 unique securities.
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.
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