IVV vs SFY
iShares Core S&P 500 ETF vs Sofi Select 500 ETF
Quick Verdict
IVV has a lower expense ratio. SFY delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SFY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.05% | |
| AUM | $907.0B | $705M | |
| Dividend Yield | 1.10% | 0.85% | |
| Holdings | 508 | 506 | |
| YTD Return | +12.28% | +14.38% | |
| 1Y Return | +20.94% | +24.69% | |
| 3Y Return (annualized) | +21.81% | +26.13% | |
| 5Y Return (annualized) | +13.05% | +14.36% | |
| Volatility (annualized) | 15.1% | 17.8% | |
| Max Drawdown | -56.5% | -33.3% | |
| Fund Family | iShares by BlackRock (US) | SoFi | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 10, 2019 |
IVV vs SFY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Sofi Select 500 ETF (SFY) is a ETF from SoFi. Over the past year IVV returned +20.94% while SFY returned +24.69%. Year to date, IVV is up 12.28% versus a gain of 14.38% for SFY.
Over three years, IVV compounded at +21.81% per year against +26.13% for SFY; over five years the annualized figures are +13.05% and +14.36% respectively. Across the full 7-year window we track, SFY has the edge at +17.22% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SFY has been the more volatile fund, with annualized monthly volatility of 17.8% 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 -33.3% for SFY. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while SFY charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.85% for SFY.
Holdings Overlap
IVV and SFY share 425 holdings out of 580 unique holdings combined, representing a 79.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or SFY?
IVV has an expense ratio of 0.03% while SFY charges 0.05%. IVV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, IVV or SFY?
Over the past year IVV returned +20.94% vs +24.69% for SFY, so SFY leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +6.98% vs +17.22% for SFY. Past performance does not guarantee future results.
Which is riskier, IVV or SFY?
SFY has been the more volatile fund at 17.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SFY -33.3%.
Should I hold both IVV and SFY?
IVV and SFY have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and SFY?
IVV and SFY share 425 common holdings with a 79.0% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, IVV or SFY?
IVV yields 1.10% while SFY yields 0.85%, so IVV currently pays the higher dividend yield.
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