IVV vs OUSM
iShares Core S&P 500 ETF vs O Shares US Small-Cap Quality Dividend 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 | OUSM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.48% | |
| AUM | $865.2B | $900M | |
| Dividend Yield | 1.09% | 1.84% | |
| Holdings | 508 | 109 | |
| YTD Return | +13.43% | +14.31% | |
| 1Y Return | +22.61% | +16.43% | |
| 3Y Return (annualized) | +21.47% | +12.73% | |
| 5Y Return (annualized) | +13.26% | +8.57% | |
| Volatility (annualized) | 15.1% | 17.1% | |
| Max Drawdown | -56.5% | -40.0% | |
| Fund Family | iShares by BlackRock (US) | ALPS Advisors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 30, 2016 |
IVV vs OUSM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and O Shares US Small-Cap Quality Dividend ETF (OUSM) is a ETF from ALPS Advisors. Over the past year IVV returned +22.61% while OUSM returned +16.43%. Year to date, IVV is up 13.43% versus a gain of 14.31% for OUSM.
Over three years, IVV compounded at +21.47% per year against +12.73% for OUSM; over five years the annualized figures are +13.26% and +8.57% respectively. Across the full 10-year window we track, OUSM has the edge at +8.57% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OUSM has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -40.0% for OUSM. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while OUSM 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 1.09% against 1.84% for OUSM.
Holdings Overlap
IVV and OUSM share 4 holdings out of 609 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OUSM?
IVV has an expense ratio of 0.03% while OUSM 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 OUSM?
Over the past year IVV returned +22.61% vs +16.43% for OUSM, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.03% vs +8.57% for OUSM. Past performance does not guarantee future results.
Which is riskier, IVV or OUSM?
OUSM has been the more volatile fund at 17.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs OUSM -40.0%.
Should I hold both IVV and OUSM?
IVV and OUSM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OUSM?
IVV and OUSM share 4 common holdings with a 0.1% weight overlap. Combined, they hold 609 unique securities.
Which pays a higher dividend, IVV or OUSM?
IVV yields 1.09% while OUSM yields 1.84%, so OUSM currently pays the higher dividend yield.
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