IVV vs RODE
iShares Core S&P 500 ETF vs Hartford Multifactor Diversified International ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RODE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $865.2B | $17M | |
| Dividend Yield | 1.09% | 6.06% | |
| Holdings | 508 | 317 | |
| YTD Return | +13.80% | +0.73% | |
| 1Y Return | +23.01% | -0.70% | |
| 3Y Return (annualized) | +21.77% | +7.26% | |
| 5Y Return (annualized) | +13.39% | +7.23% | |
| Volatility (annualized) | 15.1% | 15.4% | |
| Max Drawdown | -56.5% | -36.7% | |
| Fund Family | iShares by BlackRock (US) | Hartford Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 10, 2017 |
IVV vs RODE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Hartford Multifactor Diversified International ETF (RODE) is a ETF from Hartford Funds. Over the past year IVV returned +23.01% while RODE returned -0.70%. Year to date, IVV is up 13.80% versus a gain of 0.73% for RODE.
Over three years, IVV compounded at +21.77% per year against +7.26% for RODE; over five years the annualized figures are +13.39% and +7.23% respectively. Across the full 8-year window we track, IVV has the edge at +7.04% annualized vs +4.60%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RODE has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -36.7% for RODE. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RODE charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.06% for RODE.
Frequently Asked Questions
Which is cheaper, IVV or RODE?
IVV has an expense ratio of 0.03% while RODE charges 0.29%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IVV or RODE?
Over the past year IVV returned +23.01% vs -0.70% for RODE, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.04% vs +4.60% for RODE. Past performance does not guarantee future results.
Which is riskier, IVV or RODE?
RODE has been the more volatile fund at 15.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RODE -36.7%.
Should I hold both IVV and RODE?
IVV and RODE have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or RODE?
IVV yields 1.09% while RODE yields 6.06%, so RODE currently pays the higher dividend yield.
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