IVV vs RZV
iShares Core S&P 500 ETF vs Invesco S&P Smallcap 600 Pure Value ETF
Quick Verdict
IVV has a lower expense ratio. RZV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | RZV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $308M | |
| Dividend Yield | 1.10% | 1.40% | |
| Holdings | 508 | 158 | |
| YTD Return | +12.71% | +26.51% | |
| 1Y Return | +21.89% | +35.47% | |
| 3Y Return (annualized) | +22.08% | +19.16% | |
| 5Y Return (annualized) | +12.96% | +12.07% | |
| Volatility (annualized) | 15.1% | 29.1% | |
| Max Drawdown | -56.5% | -77.9% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 1, 2006 |
IVV vs RZV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P Smallcap 600 Pure Value ETF (RZV) is a ETF from Invesco (US). Over the past year IVV returned +21.89% while RZV returned +35.47%. Year to date, IVV is up 12.71% versus a gain of 26.51% for RZV.
Over three years, IVV compounded at +22.08% per year against +19.16% for RZV; over five years the annualized figures are +12.96% and +12.07% respectively. Across the full 21-year window we track, RZV has the edge at +7.39% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RZV has been the more volatile fund, with annualized monthly volatility of 29.1% 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 -77.9% for RZV. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RZV charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.40% for RZV.
Holdings Overlap
IVV and RZV share 0 holdings out of 661 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 RZV?
IVV has an expense ratio of 0.03% while RZV charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or RZV?
Over the past year IVV returned +21.89% vs +35.47% for RZV, so RZV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.00% vs +7.39% for RZV. Past performance does not guarantee future results.
Which is riskier, IVV or RZV?
RZV has been the more volatile fund at 29.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RZV -77.9%.
Should I hold both IVV and RZV?
IVV and RZV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RZV?
IVV and RZV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 661 unique securities.
Which pays a higher dividend, IVV or RZV?
IVV yields 1.10% while RZV yields 1.40%, so RZV currently pays the higher dividend yield.
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