IVV vs RLY
iShares Core S&P 500 ETF vs State Street Multi-Asset Real Return ETF
Which is better, IVV or RLY?
Large Cap Blend against Tactical Allocation.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, RLY over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 99.9%.
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 | RLY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $1.4B |
| Dividend Yield | 1.06% | 2.93% |
| Holdings | 508 | 12 |
| YTD Return | +12.39% | +18.52%Best |
| 1Y Return | +16.61% | +26.04%Best |
| 3Y Return (annualized) | +21.38%Best | +14.01% |
| 5Y Return (annualized) | +13.51%Best | +11.87% |
| Volatility (annualized) | 14.1% | 12.5%Best |
| Max Drawdown | -33.9%Best | -46.2% |
| $10,000 over 5 years | $18,844Best | $17,521 |
| Top 10 Weight | 37.8%Best | 99.9% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Tactical Allocation |
| Inception | May 15, 2000 | Apr 25, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Apr 26, 2012 to Sep 18, 2026 (14.4 years).
IVV vs RLY 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 14.4 years both funds cover.
IVV vs RLY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street Multi-Asset Real Return ETF (RLY) is an ETF from State Street Investment Management. Over the past year IVV returned +16.61% while RLY returned +26.04%. Year to date, IVV is up 12.39% versus a gain of 18.52% for RLY.
Over three years, IVV compounded at +21.38% per year against +14.01% for RLY; over five years the annualized figures are +13.51% and +11.87% respectively. Across the full 14-year window we track, IVV has the edge at +13.11% annualized vs +3.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.5% for RLY. 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 -46.2% for RLY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RLY charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.93% for RLY.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 12 in RLY, totalling 99.3% and 100.0% 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 12 in RLY, against full books of 508 and 12.
What only one of them owns
Measured across the 490 and 12 positions we hold weights for.
IVV holds 482 positions RLY does not, 98.6% of the fund.
Largest: NVDA 8.07%, AAPL 7.02%, MSFT 5.69%, AMZN 3.84%, GOOGL 3.00%
You are not choosing between two funds in isolation.
Whichever of IVV and RLY 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 RLY?
IVV has an expense ratio of 0.03% while RLY charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or RLY?
Over the past year IVV returned +16.61% vs +26.04% for RLY, so RLY leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.11% vs +3.50% for RLY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RLY?
IVV has been the more volatile fund at 14.1% annualized versus 12.5% for RLY. Worst drawdown: IVV -33.9% vs RLY -46.2%.
Should I hold both IVV and RLY?
IVV and RLY have a monthly-return correlation of 0.70, 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 RLY?
IVV yields 1.06% while RLY yields 2.93%, so RLY currently pays the higher dividend yield.
Is RLY better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, RLY over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 99.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.