IVV vs RAAA
iShares Core S&P 500 ETF vs Reckoner Yield Enhanced AAA CLO ETF
Which is better, IVV or RAAA?
Large Cap Blend against Bank Loan.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | RAAA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.30% |
| AUM | $876.4B | $35M |
| Dividend Yield | 1.06% | 5.59% |
| Holdings | 508 | 60 |
| YTD Return | +13.23%Best | +3.45% |
| 1Y Return | +17.38%Best | +4.85% |
| 3Y Return (annualized) | +22.67% | - |
| 5Y Return (annualized) | +13.13% | - |
| Volatility (annualized) | 12.3% | 0.8%Best |
| Max Drawdown | -8.9% | -0.7%Best |
| $10,000 over 1.2 years | $12,449Best | $10,607 |
| Fund Family | iShares by BlackRock (US) | Reckoner Capital Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Bank Loan |
| Inception | May 15, 2000 | Jul 9, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 9, 2025 to Sep 24, 2026 (1.2 years).
IVV vs RAAA 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 1.2 years both funds cover.
IVV vs RAAA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Reckoner Yield Enhanced AAA CLO ETF (RAAA) is an ETF from Reckoner Capital Management. Over the past year IVV returned +17.38% while RAAA returned +4.85%. Year to date, IVV is up 13.23% versus a gain of 3.45% for RAAA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 0.8% for RAAA. 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 -8.9% for IVV and -0.7% for RAAA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RAAA charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.59% for RAAA.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 6 in RAAA, totalling 99.3% and 30.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 6 in RAAA, against full books of 508 and 60.
You are not choosing between two funds in isolation.
Whichever of IVV and RAAA you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or RAAA?
IVV has an expense ratio of 0.03% while RAAA charges 0.30%. IVV is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, IVV or RAAA?
Over the past year IVV returned +17.38% vs +4.85% for RAAA, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +20.03% vs +5.03% for RAAA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RAAA?
IVV has been the more volatile fund at 12.3% annualized versus 0.8% for RAAA. Worst drawdown: IVV -8.9% vs RAAA -0.7%.
Should I hold both IVV and RAAA?
IVV and RAAA have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or RAAA?
IVV yields 1.06% while RAAA yields 5.59%, so RAAA currently pays the higher dividend yield.
Is RAAA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.