IVV vs RYLD
iShares Core S&P 500 ETF vs Global X Russell 2000 Covered Call ETF
Quick Verdict
IVV has a lower expense ratio. RYLD delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RYLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $865.2B | $1.4B | |
| Dividend Yield | 1.09% | 11.57% | |
| Holdings | 508 | 12 | |
| YTD Return | +13.43% | +13.63% | |
| 1Y Return | +22.61% | +24.48% | |
| 3Y Return (annualized) | +21.47% | +8.96% | |
| 5Y Return (annualized) | +13.26% | +3.13% | |
| Volatility (annualized) | 15.1% | 14.8% | |
| Max Drawdown | -56.5% | -42.5% | |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 17, 2019 |
IVV vs RYLD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X Russell 2000 Covered Call ETF (RYLD) is a ETF from Global X by mirae Asset. Over the past year IVV returned +22.61% while RYLD returned +24.48%. Year to date, IVV is up 13.43% versus a gain of 13.63% for RYLD.
Over three years, IVV compounded at +21.47% per year against +8.96% for RYLD; over five years the annualized figures are +13.26% and +3.13% respectively. Across the full 7-year window we track, IVV has the edge at +7.03% annualized vs +3.20%. 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 14.8% for RYLD. 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 -42.5% for RYLD. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RYLD charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 11.57% for RYLD.
Holdings Overlap
IVV and RYLD share 0 holdings out of 511 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RYLD?
IVV has an expense ratio of 0.03% while RYLD charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or RYLD?
Over the past year IVV returned +22.61% vs +24.48% for RYLD, so RYLD leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +7.03% vs +3.20% for RYLD. Past performance does not guarantee future results.
Which is riskier, IVV or RYLD?
IVV has been the more volatile fund at 15.1% annualized versus 14.8% for RYLD. Worst drawdown: IVV -56.5% vs RYLD -42.5%.
Should I hold both IVV and RYLD?
IVV and RYLD have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RYLD?
IVV and RYLD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, IVV or RYLD?
IVV yields 1.09% while RYLD yields 11.57%, so RYLD currently pays the higher dividend yield.
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