IVV vs OBOR
iShares Core S&P 500 ETF vs KraneShares MSCI One Belt One Road Index 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 | OBOR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $4M | |
| Dividend Yield | 1.09% | 1.96% | |
| Holdings | 508 | 127 | |
| YTD Return | +14.50% | +2.85% | |
| 1Y Return | +22.02% | +14.40% | |
| 3Y Return (annualized) | +21.80% | +11.62% | |
| 5Y Return (annualized) | +13.37% | +1.12% | |
| Volatility (annualized) | 15.1% | 16.4% | |
| Max Drawdown | -56.5% | -41.5% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 7, 2017 |
IVV vs OBOR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares MSCI One Belt One Road Index ETF (OBOR) is a ETF from KraneShares. Over the past year IVV returned +22.02% while OBOR returned +14.40%. Year to date, IVV is up 14.50% versus a gain of 2.85% for OBOR.
Over three years, IVV compounded at +21.80% per year against +11.62% for OBOR; over five years the annualized figures are +13.37% and +1.12% respectively. Across the full 9-year window we track, IVV has the edge at +7.07% annualized vs +3.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OBOR has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 15.1% for IVV. 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 -41.5% for OBOR. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OBOR charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.96% for OBOR.
Holdings Overlap
IVV and OBOR share 0 holdings out of 623 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OBOR?
IVV has an expense ratio of 0.03% while OBOR charges 0.79%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, IVV or OBOR?
Over the past year IVV returned +22.02% vs +14.40% for OBOR, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.07% vs +3.70% for OBOR. Past performance does not guarantee future results.
Which is riskier, IVV or OBOR?
OBOR has been the more volatile fund at 16.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs OBOR -41.5%.
Should I hold both IVV and OBOR?
IVV and OBOR have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OBOR?
IVV and OBOR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, IVV or OBOR?
IVV yields 1.09% while OBOR yields 1.96%, so OBOR currently pays the higher dividend yield.
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