IVV vs SEIX
iShares Core S&P 500 ETF vs Virtus Seix Senior Loan ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SEIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.57% | |
| AUM | $865.2B | $251M | |
| Dividend Yield | 1.09% | 7.25% | |
| Holdings | 508 | 226 | |
| YTD Return | +13.72% | +3.41% | |
| 1Y Return | +21.64% | +5.59% | |
| 3Y Return (annualized) | +21.55% | +7.24% | |
| 5Y Return (annualized) | +13.27% | +5.87% | |
| Volatility (annualized) | 15.1% | 5.0% | |
| Max Drawdown | -56.5% | -18.2% | |
| Fund Family | iShares by BlackRock (US) | Virtus Investment Partners | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Apr 23, 2019 |
IVV vs SEIX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Virtus Seix Senior Loan ETF (SEIX) is a ETF from Virtus Investment Partners. Over the past year IVV returned +21.64% while SEIX returned +5.59%. Year to date, IVV is up 13.72% versus a gain of 3.41% for SEIX.
Over three years, IVV compounded at +21.55% per year against +7.24% for SEIX; over five years the annualized figures are +13.27% and +5.87% respectively. Across the full 7-year window we track, IVV has the edge at +7.04% annualized vs +4.19%. 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 5.0% for SEIX. 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 -18.2% for SEIX. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SEIX charges 0.57%. On a $10,000 position that is $3 vs $57 annually, a gap of $54 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.25% for SEIX.
Holdings Overlap
IVV and SEIX share 0 holdings out of 508 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 SEIX?
IVV has an expense ratio of 0.03% while SEIX charges 0.57%. IVV is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, IVV or SEIX?
Over the past year IVV returned +21.64% vs +5.59% for SEIX, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +7.04% vs +4.19% for SEIX. Past performance does not guarantee future results.
Which is riskier, IVV or SEIX?
IVV has been the more volatile fund at 15.1% annualized versus 5.0% for SEIX. Worst drawdown: IVV -56.5% vs SEIX -18.2%.
Should I hold both IVV and SEIX?
IVV and SEIX have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SEIX?
IVV and SEIX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or SEIX?
IVV yields 1.09% while SEIX yields 7.25%, so SEIX currently pays the higher dividend yield.
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