IVV vs OUSA
iShares Core S&P 500 ETF vs O Shares US Quality Dividend 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 | OUSA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.48% | |
| AUM | $907.0B | $755M | |
| Dividend Yield | 1.10% | 1.36% | |
| Holdings | 508 | 101 | |
| YTD Return | +13.51% | +9.05% | |
| 1Y Return | +20.65% | +12.62% | |
| 3Y Return (annualized) | +21.94% | +14.03% | |
| 5Y Return (annualized) | +12.95% | +8.99% | |
| Volatility (annualized) | 15.1% | 13.2% | |
| Max Drawdown | -56.5% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | ALPS Advisors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 14, 2015 |
IVV vs OUSA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and O Shares US Quality Dividend ETF (OUSA) is a ETF from ALPS Advisors. Over the past year IVV returned +20.65% while OUSA returned +12.62%. Year to date, IVV is up 13.51% versus a gain of 9.05% for OUSA.
Over three years, IVV compounded at +21.94% per year against +14.03% for OUSA; over five years the annualized figures are +12.95% and +8.99% respectively. Across the full 11-year window we track, OUSA has the edge at +9.44% 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 13.2% for OUSA. 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 -33.4% for OUSA. 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 0.91. 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 OUSA charges 0.48%. On a $10,000 position that is $3 vs $48 annually, a gap of $45 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.36% for OUSA.
Holdings Overlap
IVV and OUSA share 97 holdings out of 508 unique holdings combined, representing a 34.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OUSA?
IVV has an expense ratio of 0.03% while OUSA charges 0.48%. IVV is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, IVV or OUSA?
Over the past year IVV returned +20.65% vs +12.62% for OUSA, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.02% vs +9.44% for OUSA. Past performance does not guarantee future results.
Which is riskier, IVV or OUSA?
IVV has been the more volatile fund at 15.1% annualized versus 13.2% for OUSA. Worst drawdown: IVV -56.5% vs OUSA -33.4%.
Should I hold both IVV and OUSA?
IVV and OUSA have a monthly-return correlation of 0.91, 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 OUSA?
IVV and OUSA share 97 common holdings with a 34.1% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or OUSA?
IVV yields 1.10% while OUSA yields 1.36%, so OUSA currently pays the higher dividend yield.
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