IVV vs SGVT
iShares Core S&P 500 ETF vs Schwab Government Money Market 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 | SGVT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.28% | |
| AUM | $907.0B | $867M | |
| Dividend Yield | 1.10% | 3.25% | |
| Holdings | 508 | 215 | |
| YTD Return | +12.28% | +2.12% | |
| 1Y Return | +20.94% | +3.62% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 0.2% | |
| Max Drawdown | -56.5% | -0.0% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Money Market | |
| Inception | May 15, 2000 | Jun 12, 2025 |
IVV vs SGVT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab Government Money Market ETF (SGVT) is a ETF from Charles Schwab Asset Management. Over the past year IVV returned +20.94% while SGVT returned +3.62%. Year to date, IVV is up 12.28% versus a gain of 2.12% for SGVT.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.2% for SGVT. 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 -0.0% for SGVT. 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SGVT charges 0.28%. On a $10,000 position that is $3 vs $28 annually, a gap of $25 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.25% for SGVT.
Holdings Overlap
IVV and SGVT share 0 holdings out of 551 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 SGVT?
IVV has an expense ratio of 0.03% while SGVT charges 0.28%. IVV is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, IVV or SGVT?
Over the past year IVV returned +20.94% vs +3.62% for SGVT, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +6.98% vs +3.71% for SGVT. Past performance does not guarantee future results.
Which is riskier, IVV or SGVT?
IVV has been the more volatile fund at 15.1% annualized versus 0.2% for SGVT. Worst drawdown: IVV -56.5% vs SGVT -0.0%.
Should I hold both IVV and SGVT?
IVV and SGVT have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SGVT?
IVV and SGVT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 551 unique securities.
Which pays a higher dividend, IVV or SGVT?
IVV yields 1.10% while SGVT yields 3.25%, so SGVT currently pays the higher dividend yield.
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