IVV vs SCZ
iShares Core S&P 500 ETF vs iShares MSCI EAFE Small-Cap ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. SCZ offers more diversification with 1644 holdings.
Side-by-Side Comparison
| Metric | IVV | SCZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $13.2B | |
| Dividend Yield | 1.09% | 3.22% | |
| Holdings | 508 | 2,080 | |
| YTD Return | +13.72% | +12.40% | |
| 1Y Return | +21.64% | +19.26% | |
| 3Y Return (annualized) | +21.55% | +17.16% | |
| 5Y Return (annualized) | +13.27% | +5.69% | |
| Volatility (annualized) | 15.1% | 18.9% | |
| Max Drawdown | -56.5% | -62.6% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 10, 2007 |
IVV vs SCZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares MSCI EAFE Small-Cap ETF (SCZ) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.64% while SCZ returned +19.26%. Year to date, IVV is up 13.72% versus a gain of 12.40% for SCZ.
Over three years, IVV compounded at +21.55% per year against +17.16% for SCZ; over five years the annualized figures are +13.27% and +5.69% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs +3.75%. 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 15.1% 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 -62.6% for SCZ. 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 0.85. 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 1.09% against 3.22% for SCZ.
Holdings Overlap
IVV and SCZ share 1 holdings out of 2148 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SCZ | Difference |
|---|---|---|---|
| RF | 0.04% | 0.05% | 0.01% |
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. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or SCZ?
Over the past year IVV returned +21.64% vs +19.26% for SCZ, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.04% vs +3.75% for SCZ. Past performance does not guarantee future results.
Which is riskier, IVV or SCZ?
SCZ has been the more volatile fund at 18.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SCZ -62.6%.
Should I hold both IVV and SCZ?
IVV and SCZ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCZ?
IVV and SCZ share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2148 unique securities.
Which pays a higher dividend, IVV or SCZ?
IVV yields 1.09% while SCZ yields 3.22%, so SCZ currently pays the higher dividend yield.
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