IVV vs SGOV
iShares Core S&P 500 ETF vs iShares 0-3 Month Treasury Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SGOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $907.0B | $102.7B | |
| Dividend Yield | 1.10% | 3.79% | |
| Holdings | 508 | 23 | |
| YTD Return | +12.71% | +2.31% | |
| 1Y Return | +21.89% | +3.85% | |
| 3Y Return (annualized) | +22.08% | +4.62% | |
| 5Y Return (annualized) | +12.96% | +3.71% | |
| Volatility (annualized) | 15.1% | 0.7% | |
| Max Drawdown | -56.5% | -0.3% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 26, 2020 |
IVV vs SGOV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares 0-3 Month Treasury Bond ETF (SGOV) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.89% while SGOV returned +3.85%. Year to date, IVV is up 12.71% versus a gain of 2.31% for SGOV.
Over three years, IVV compounded at +22.08% per year against +4.62% for SGOV; over five years the annualized figures are +12.96% and +3.71% respectively. Across the full 6-year window we track, IVV has the edge at +7.00% annualized vs +2.97%. 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 0.7% for SGOV. 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 -0.3% for SGOV. 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 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SGOV charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.79% for SGOV.
Holdings Overlap
IVV and SGOV share 1 holdings out of 506 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SGOV | Difference |
|---|---|---|---|
| XTSLA | 0.15% | 0.71% | 0.56% |
Frequently Asked Questions
Which is cheaper, IVV or SGOV?
IVV has an expense ratio of 0.03% while SGOV charges 0.09%. IVV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, IVV or SGOV?
Over the past year IVV returned +21.89% vs +3.85% for SGOV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.00% vs +2.97% for SGOV. Past performance does not guarantee future results.
Which is riskier, IVV or SGOV?
IVV has been the more volatile fund at 15.1% annualized versus 0.7% for SGOV. Worst drawdown: IVV -56.5% vs SGOV -0.3%.
Should I hold both IVV and SGOV?
IVV and SGOV have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SGOV?
IVV and SGOV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SGOV?
IVV yields 1.10% while SGOV yields 3.79%, so SGOV currently pays the higher dividend yield.
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