IVV vs RNP
iShares Core S&P 500 ETF vs Cohen & Steers REIT and Preferred and Income Fund, Inc.
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | RNP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.78% | |
| AUM | $907.0B | $2,650.69 | |
| Dividend Yield | 1.10% | 7.34% | |
| Holdings | 508 | 327 | |
| YTD Return | +12.39% | +6.93% | |
| 1Y Return | +20.24% | -2.29% | |
| 3Y Return (annualized) | +21.78% | +11.04% | |
| 5Y Return (annualized) | +12.84% | +2.99% | |
| Volatility (annualized) | 15.1% | 27.4% | |
| Max Drawdown | -56.5% | -90.8% | |
| Fund Family | iShares by BlackRock (US) | Cohen & Steers Funds | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Jun 27, 2003 |
IVV vs RNP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) is a ETF from Cohen & Steers Funds. Over the past year IVV returned +20.24% while RNP returned -2.29%. Year to date, IVV is up 12.39% versus a gain of 6.93% for RNP.
Over three years, IVV compounded at +21.78% per year against +11.04% for RNP; over five years the annualized figures are +12.84% and +2.99% respectively. Across the full 23-year window we track, IVV has the edge at +6.98% annualized vs +1.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RNP has been the more volatile fund, with annualized monthly volatility of 27.4% 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 -90.8% for RNP. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RNP charges 1.78%. On a $10,000 position that is $3 vs $178 annually, a gap of $175 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 7.34% for RNP.
Holdings Overlap
IVV and RNP share 23 holdings out of 687 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RNP?
IVV has an expense ratio of 0.03% while RNP charges 1.78%. IVV is the cheaper option. On a $10,000 investment, that is $175 per year of difference.
Which performed better, IVV or RNP?
Over the past year IVV returned +20.24% vs -2.29% for RNP, so IVV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +6.98% vs +1.08% for RNP. Past performance does not guarantee future results.
Which is riskier, IVV or RNP?
RNP has been the more volatile fund at 27.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RNP -90.8%.
Should I hold both IVV and RNP?
IVV and RNP have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RNP?
IVV and RNP share 23 common holdings with a 2.2% weight overlap. Combined, they hold 687 unique securities.
Which pays a higher dividend, IVV or RNP?
IVV yields 1.10% while RNP yields 7.34%, so RNP currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.