IVV vs RVT

IVV vs RVT

Which is better, IVV or RVT?

Large Cap Blend against Small Cap Blend.

IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, RVT over 1Y. RVT is less concentrated, with 12.4% of the fund in its ten largest positions against 37.9%.

Lower Fees: IVVHigher Returns: splitLess Concentrated: RVT

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

MetricIVVRVT
Expense Ratio0.03%Best1.34%
AUM$886.7B$1.7B
Dividend Yield1.10%6.98%
Holdings508473
YTD Return+13.39%+18.72%Best
1Y Return+20.08%+24.68%Best
3Y Return (annualized)+21.29%Best+19.93%
5Y Return (annualized)+12.88%Best+8.48%
Volatility (annualized)15.1%Best23.1%
Max Drawdown-56.5%Best-79.1%
$10,000 over 5 years$18,327Best$15,023
Top 10 Weight37.9%12.4%Best
Fund FamilyiShares by BlackRock (US)Franklin Templeton Investments (US)
CategoryEquityEquity
StyleLarge Cap BlendSmall Cap Blend
InceptionMay 15, 2000Nov 19, 1986

Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 4, 2026 (26.3 years).

IVV vs RVT 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 26.3 years both funds cover.

IVV vs RVT Performance

iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Royce Small-Cap Trust Inc (RVT) is an ETF from Franklin Templeton Investments (US). Over the past year IVV returned +20.08% while RVT returned +24.68%. Year to date, IVV is up 13.39% versus a gain of 18.72% for RVT.

Over three years, IVV compounded at +21.29% per year against +19.93% for RVT; over five years the annualized figures are +12.88% and +8.48% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +2.99%.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

RVT has been the more volatile fund, with annualized monthly volatility of 23.1% 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 -79.1% for RVT. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

IVV charges 0.03% per year while RVT charges 1.34%. On a $10,000 position that is $3 vs $134 annually, a gap of $131 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.98% for RVT.

Holdings Overlap

IVV already in RVT0.2%
RVT already in IVV1.1%

0.2% of IVV's money is in holdings RVT also owns. 1.1% of RVT's money is in holdings IVV also owns.

RVT and IVV share little of their money.

6 positions in common, counted across the 504 positions we hold weights for in IVV and 424 in RVT, against full books of 508 and 473.

What only one of them owns

Our book lists 378 positions for RVT that do not appear in our book for IVV (84.3% of the fund), and 487 for IVV that do not appear in RVT (99.0%).

Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.

Top Shared Holdings

StockWeight in IVVWeight in RVTDifference
TECHBio-Techne Corp0.02%0.43%0.41%
TDYTeledyne Technologies Inc0.05%0.24%0.19%
RLRalph Lauren Corp. Class A0.02%0.22%0.20%
ARESAres Management Corp Preferred Stock 70.04%0.13%0.09%
CMGComputer Modelling Group0.07%0.04%0.03%
FDSFactset Research Systems Inc0.02%0.09%0.07%

You are not choosing between two funds in isolation.

Whichever of IVV and RVT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

IVVRVT

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, IVV or RVT?

IVV has an expense ratio of 0.03% while RVT charges 1.34%. IVV is the cheaper option, by $131 a year on a $10,000 investment.

Which performed better, IVV or RVT?

Over the past year IVV returned +20.08% vs +24.68% for RVT, so RVT leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.01% vs +2.99% for RVT. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, IVV or RVT?

RVT has been the more volatile fund at 23.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RVT -79.1%.

Should I hold both IVV and RVT?

IVV and RVT have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

What is the holdings overlap between IVV and RVT?

1.1% of RVT's money is in holdings IVV also owns. 1.1% of RVT's is in holdings IVV also owns. They hold 6 positions in common, counted across the 504 positions we hold weights for in IVV and 424 in RVT.

Which pays a higher dividend, IVV or RVT?

IVV yields 1.10% while RVT yields 6.98%, so RVT currently pays the higher dividend yield.

Is RVT better than IVV?

IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, RVT over 1Y. RVT is less concentrated, with 12.4% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.