IVV vs MODL
iShares Core S&P 500 ETF vs VictoryShares WestEnd US Sector ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MODL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.46% | |
| AUM | $907.0B | $1.1B | |
| Dividend Yield | 1.10% | 0.69% | |
| Holdings | 508 | 371 | |
| YTD Return | +13.51% | +12.44% | |
| 1Y Return | +20.65% | +19.99% | |
| 3Y Return (annualized) | +21.94% | +21.08% | |
| 5Y Return (annualized) | +12.95% | - | |
| Volatility (annualized) | 15.1% | 12.5% | |
| Max Drawdown | -56.5% | -17.6% | |
| Fund Family | iShares by BlackRock (US) | Victory Capital Management Inc. | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 11, 2022 |
IVV vs MODL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and VictoryShares WestEnd US Sector ETF (MODL) is a ETF from Victory Capital Management Inc.. Over the past year IVV returned +20.65% while MODL returned +19.99%. Year to date, IVV is up 13.51% versus a gain of 12.44% for MODL.
Over three years, IVV compounded at +21.94% per year against +21.08% for MODL. Across the full 4-year window we track, MODL has the edge at +22.75% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.5% for MODL. 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 -17.6% for MODL. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while MODL charges 0.46%. On a $10,000 position that is $3 vs $46 annually, a gap of $43 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.69% for MODL.
Holdings Overlap
IVV and MODL share 295 holdings out of 571 unique holdings combined, representing a 68.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or MODL?
IVV has an expense ratio of 0.03% while MODL charges 0.46%. IVV is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, IVV or MODL?
Over the past year IVV returned +20.65% vs +19.99% for MODL, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.02% vs +22.75% for MODL. Past performance does not guarantee future results.
Which is riskier, IVV or MODL?
IVV has been the more volatile fund at 15.1% annualized versus 12.5% for MODL. Worst drawdown: IVV -56.5% vs MODL -17.6%.
Should I hold both IVV and MODL?
IVV and MODL have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and MODL?
IVV and MODL share 295 common holdings with a 68.7% weight overlap. Combined, they hold 571 unique securities.
Which pays a higher dividend, IVV or MODL?
IVV yields 1.10% while MODL yields 0.69%, so IVV currently pays the higher dividend yield.
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