IVV vs RAVI
iShares Core S&P 500 ETF vs Northern Trust Ultra-Short Fixed Income ETF
Which is better, IVV or RAVI?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y 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 | RAVI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.25% |
| AUM | $876.4B | $1.5B |
| Dividend Yield | 1.06% | 4.29% |
| Holdings | 508 | 254 |
| YTD Return | +12.51%Best | +2.48% |
| 1Y Return | +17.57%Best | +3.87% |
| 3Y Return (annualized) | +21.27%Best | +5.02% |
| 5Y Return (annualized) | +12.95%Best | +3.67% |
| Volatility (annualized) | 14.2% | 1.2%Best |
| Max Drawdown | -33.9% | -3.8%Best |
| $10,000 over 5 years | $18,384Best | $11,975 |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Oct 9, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 11, 2012 to Sep 11, 2026 (13.9 years).
IVV vs RAVI 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs RAVI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust Ultra-Short Fixed Income ETF (RAVI) is an ETF from Northern Trust Asset Management. Over the past year IVV returned +17.57% while RAVI returned +3.87%. Year to date, IVV is up 12.51% versus a gain of 2.48% for RAVI.
Over three years, IVV compounded at +21.27% per year against +5.02% for RAVI; over five years the annualized figures are +12.95% and +3.67% respectively. Across the full 14-year window we track, IVV has the edge at +13.40% annualized vs +1.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 1.2% for RAVI. 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 -33.9% for IVV and -3.8% for RAVI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while RAVI charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 4.29% for RAVI.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 164 in RAVI, totalling 100.0% and 60.5% 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 505 positions we hold weights for in IVV and 164 in RAVI, against full books of 508 and 254.
You are not choosing between two funds in isolation.
Whichever of IVV and RAVI 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 RAVI?
IVV has an expense ratio of 0.03% while RAVI charges 0.25%. IVV is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, IVV or RAVI?
Over the past year IVV returned +17.57% vs +3.87% for RAVI, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.40% vs +1.44% for RAVI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RAVI?
IVV has been the more volatile fund at 14.2% annualized versus 1.2% for RAVI. Worst drawdown: IVV -33.9% vs RAVI -3.8%.
Should I hold both IVV and RAVI?
IVV and RAVI have a monthly-return correlation of 0.42, 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 RAVI?
IVV yields 1.06% while RAVI yields 4.29%, so RAVI currently pays the higher dividend yield.
Is RAVI better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.