IVV vs RAA
iShares Core S&P 500 ETF vs SMI 3Fourteen REAL Asset Allocation ETF
Which is better, IVV or RAA?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 1Y and 3Y, RAA over 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 57.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | RAA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.85% |
| AUM | $876.4B | $616M |
| Dividend Yield | 1.06% | 2.06% |
| Holdings | 508 | 185 |
| YTD Return | +12.39%Best | +9.57% |
| 1Y Return | +16.61%Best | +13.18% |
| 3Y Return (annualized) | +21.38%Best | +14.23% |
| 5Y Return (annualized) | +13.51% | +14.23%Best |
| Volatility (annualized) | 15.1%Best | 26.6% |
| Max Drawdown | -56.5% | -53.8%Best |
| $10,000 over 5 years | $18,844 | $19,449Best |
| Top 10 Weight | 37.8%Best | 57.0% |
| Fund Family | iShares by BlackRock (US) | 3FourteenSMI |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Feb 26, 2025 |
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 18, 2026 (26.3 years).
IVV vs RAA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.3 years both funds cover.
IVV vs RAA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and SMI 3Fourteen REAL Asset Allocation ETF (RAA) is an ETF from 3FourteenSMI. Over the past year IVV returned +16.61% while RAA returned +13.18%. Year to date, IVV is up 12.39% versus a gain of 9.57% for RAA.
Over three years, IVV compounded at +21.38% per year against +14.23% for RAA; over five years the annualized figures are +13.51% and +14.23% respectively. Across the full 26-year window we track, RAA has the edge at +7.23% annualized vs +6.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RAA has been the more volatile fund, with annualized monthly volatility of 26.6% 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 -53.8% for RAA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.04. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while RAA charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.06% for RAA.
Holdings Overlap
59.9% of IVV's money is in holdings RAA also owns. 27.2% of RAA's money is in holdings IVV also owns.
The two portfolios partly overlap.
130 positions in common, counted across the 490 positions we hold weights for in IVV and 180 in RAA, against full books of 508 and 185.
What only one of them owns
Our book lists 34 positions for RAA that do not appear in our book for IVV (69.4% of the fund), and 352 for IVV that do not appear in RAA (38.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in RAA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 1.34% | 6.73% |
| AAPLApple, Inc | 7.02% | 1.33% | 5.69% |
| MSFTMicrosoft Corp | 5.69% | 0.94% | 4.75% |
| AMZNAmazon.Com Inc | 3.84% | 0.63% | 3.21% |
| GOOGLAlphabet Inc,class A | 3.00% | 0.48% | 2.52% |
| AVGOBroadcom Inc | 2.65% | 0.45% | 2.20% |
| GOOGAlphabet Inc | 2.39% | 0.45% | 1.94% |
| MUMicron Technology, Inc. | 1.63% | 0.81% | 0.82% |
| METAMeta Platforms Inc | 1.90% | 0.43% | 1.47% |
| TSLATesla Inc | 1.56% | 0.47% | 1.09% |
59.9% of IVV is already inside RAA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, IVV or RAA?
IVV has an expense ratio of 0.03% while RAA charges 0.85%. IVV is the cheaper option, by $82 a year on a $10,000 investment.
Which performed better, IVV or RAA?
Over the past year IVV returned +16.61% vs +13.18% for RAA, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.96% vs +7.23% for RAA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RAA?
RAA has been the more volatile fund at 26.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RAA -53.8%.
Should I hold both IVV and RAA?
IVV and RAA have a monthly-return correlation of 0.04, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and RAA?
59.9% of IVV's money is in holdings RAA also owns. 27.2% of RAA's is in holdings IVV also owns. They hold 130 positions in common, counted across the 490 positions we hold weights for in IVV and 180 in RAA.
Which pays a higher dividend, IVV or RAA?
IVV yields 1.06% while RAA yields 2.06%, so RAA currently pays the higher dividend yield.
Is RAA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and 3Y, RAA over 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.