IVV vs OBIL
iShares Core S&P 500 ETF vs F/m US Treasury 12 Month Bill 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 | OBIL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $907.0B | $307M | |
| Dividend Yield | 1.10% | 3.93% | |
| Holdings | 508 | 2 | |
| YTD Return | +12.28% | +1.93% | |
| 1Y Return | +20.94% | +3.64% | |
| 3Y Return (annualized) | +21.81% | +4.50% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 0.7% | |
| Max Drawdown | -56.5% | -0.3% | |
| Fund Family | iShares by BlackRock (US) | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Nov 14, 2022 |
IVV vs OBIL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and F/m US Treasury 12 Month Bill ETF (OBIL) is a ETF from US Benchmark Series. Over the past year IVV returned +20.94% while OBIL returned +3.64%. Year to date, IVV is up 12.28% versus a gain of 1.93% for OBIL.
Over three years, IVV compounded at +21.81% per year against +4.50% for OBIL. Across the full 4-year window we track, IVV has the edge at +6.98% annualized vs +4.34%. 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 0.7% for OBIL. 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 -0.3% for OBIL. 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OBIL charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.93% for OBIL.
Frequently Asked Questions
Which is cheaper, IVV or OBIL?
IVV has an expense ratio of 0.03% while OBIL charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or OBIL?
Over the past year IVV returned +20.94% vs +3.64% for OBIL, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.98% vs +4.34% for OBIL. Past performance does not guarantee future results.
Which is riskier, IVV or OBIL?
IVV has been the more volatile fund at 15.1% annualized versus 0.7% for OBIL. Worst drawdown: IVV -56.5% vs OBIL -0.3%.
Should I hold both IVV and OBIL?
IVV and OBIL have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or OBIL?
IVV yields 1.10% while OBIL yields 3.93%, so OBIL currently pays the higher dividend yield.
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