IVV vs OAKM
iShares Core S&P 500 ETF vs Oakmark US Large Cap ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | OAKM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.59% | |
| AUM | $865.2B | $1.1B | |
| Dividend Yield | 1.09% | 0.67% | |
| Holdings | 508 | 40 | |
| YTD Return | +13.72% | +8.40% | |
| 1Y Return | +21.64% | +20.21% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 10.5% | |
| Max Drawdown | -56.5% | -15.2% | |
| Fund Family | iShares by BlackRock (US) | Oakmark Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 3, 2024 |
IVV vs OAKM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Oakmark US Large Cap ETF (OAKM) is a ETF from Oakmark Funds. Over the past year IVV returned +21.64% while OAKM returned +20.21%. Year to date, IVV is up 13.72% versus a gain of 8.40% for OAKM.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.5% for OAKM. 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 -15.2% for OAKM. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OAKM charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.67% for OAKM.
Holdings Overlap
IVV and OAKM share 34 holdings out of 510 unique holdings combined, representing a 8.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OAKM?
IVV has an expense ratio of 0.03% while OAKM charges 0.59%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IVV or OAKM?
Over the past year IVV returned +21.64% vs +20.21% for OAKM, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +14.47% for OAKM. Past performance does not guarantee future results.
Which is riskier, IVV or OAKM?
IVV has been the more volatile fund at 15.1% annualized versus 10.5% for OAKM. Worst drawdown: IVV -56.5% vs OAKM -15.2%.
Should I hold both IVV and OAKM?
IVV and OAKM have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OAKM?
IVV and OAKM share 34 common holdings with a 8.6% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, IVV or OAKM?
IVV yields 1.09% while OAKM yields 0.67%, so IVV currently pays the higher dividend yield.
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