IVV vs RPAR
iShares Core S&P 500 ETF vs RPAR Risk Parity ETF
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 | RPAR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.52% | |
| AUM | $907.0B | $580M | |
| Dividend Yield | 1.10% | 2.45% | |
| Holdings | 508 | 138 | |
| YTD Return | +12.28% | +5.56% | |
| 1Y Return | +20.94% | +15.02% | |
| 3Y Return (annualized) | +21.81% | +10.48% | |
| 5Y Return (annualized) | +13.05% | +1.22% | |
| Volatility (annualized) | 15.1% | 13.4% | |
| Max Drawdown | -56.5% | -30.2% | |
| Fund Family | iShares by BlackRock (US) | Rpar ETF | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Dec 12, 2019 |
IVV vs RPAR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and RPAR Risk Parity ETF (RPAR) is a ETF from Rpar ETF. Over the past year IVV returned +20.94% while RPAR returned +15.02%. Year to date, IVV is up 12.28% versus a gain of 5.56% for RPAR.
Over three years, IVV compounded at +21.81% per year against +10.48% for RPAR; over five years the annualized figures are +13.05% and +1.22% respectively. Across the full 7-year window we track, IVV has the edge at +6.98% annualized vs +4.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.4% for RPAR. 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 -30.2% for RPAR. 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 RPAR charges 0.52%. On a $10,000 position that is $3 vs $52 annually, a gap of $49 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.45% for RPAR.
Holdings Overlap
IVV and RPAR share 20 holdings out of 614 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RPAR?
IVV has an expense ratio of 0.03% while RPAR charges 0.52%. IVV is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, IVV or RPAR?
Over the past year IVV returned +20.94% vs +15.02% for RPAR, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +6.98% vs +4.09% for RPAR. Past performance does not guarantee future results.
Which is riskier, IVV or RPAR?
IVV has been the more volatile fund at 15.1% annualized versus 13.4% for RPAR. Worst drawdown: IVV -56.5% vs RPAR -30.2%.
Should I hold both IVV and RPAR?
IVV and RPAR have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RPAR?
IVV and RPAR share 20 common holdings with a 2.9% weight overlap. Combined, they hold 614 unique securities.
Which pays a higher dividend, IVV or RPAR?
IVV yields 1.10% while RPAR yields 2.45%, so RPAR currently pays the higher dividend yield.
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