IVV vs SCZ
iShares Core S&P 500 ETF vs iShares MSCI EAFE Small-Cap ETF
Which is better, IVV or SCZ?
Large Cap Blend against Mid Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SCZ is less concentrated, with 2.8% of the fund in its ten largest positions against 37.9%.
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
| Metric | IVV | SCZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.40% |
| AUM | $876.4B | $13.1B |
| Dividend Yield | 1.06% | 3.07% |
| Holdings | 508 | 2,080 |
| YTD Return | +11.57%Best | +10.65% |
| 1Y Return | +17.57%Best | +15.64% |
| 3Y Return (annualized) | +20.71%Best | +17.10% |
| 5Y Return (annualized) | +12.80%Best | +4.85% |
| Volatility (annualized) | 15.7%Best | 18.9% |
| Max Drawdown | -54.7%Best | -62.6% |
| $10,000 over 5 years | $18,262Best | $12,672 |
| Top 10 Weight | 37.9% | 2.8%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Growth |
| Inception | May 15, 2000 | Dec 10, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Dec 12, 2007 to Sep 10, 2026 (18.7 years).
IVV vs SCZ 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 18.7 years both funds cover.
IVV vs SCZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares MSCI EAFE Small-Cap ETF (SCZ) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while SCZ returned +15.64%. Year to date, IVV is up 11.57% versus a gain of 10.65% for SCZ.
Over three years, IVV compounded at +20.71% per year against +17.10% for SCZ; over five years the annualized figures are +12.80% and +4.85% respectively. Across the full 19-year window we track, IVV has the edge at +9.53% annualized vs +3.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCZ has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.7% 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 -54.7% for IVV and -62.6% for SCZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SCZ charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.07% for SCZ.
Holdings Overlap
0.2% of IVV's money is in holdings SCZ also owns. 0.1% of SCZ's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
3 positions in common, counted across the 505 positions we hold weights for in IVV and 2,032 in SCZ, against full books of 508 and 2,080.
What only one of them owns
Our book lists 18 positions for SCZ that do not appear in our book for IVV (0.7% of the fund), and 492 for IVV that do not appear in SCZ (99.1%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and SCZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SCZ?
IVV has an expense ratio of 0.03% while SCZ charges 0.40%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, IVV or SCZ?
Over the past year IVV returned +17.57% vs +15.64% for SCZ, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +9.53% vs +3.65% for SCZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SCZ?
SCZ has been the more volatile fund at 18.9% annualized versus 15.7% for IVV. Worst drawdown: IVV -54.7% vs SCZ -62.6%.
Should I hold both IVV and SCZ?
IVV and SCZ have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SCZ?
IVV yields 1.06% while SCZ yields 3.07%, so SCZ currently pays the higher dividend yield.
Is SCZ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SCZ is less concentrated, with 2.8% 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.