IVV vs SHV
iShares Core S&P 500 ETF vs iShares 0-1 Year Treasury Bond 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 | SHV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $20.8B | |
| Dividend Yield | 1.09% | 3.82% | |
| Holdings | 508 | 66 | |
| YTD Return | +13.72% | +1.80% | |
| 1Y Return | +21.64% | +3.45% | |
| 3Y Return (annualized) | +21.55% | +4.57% | |
| 5Y Return (annualized) | +13.27% | +3.48% | |
| Volatility (annualized) | 15.1% | 0.6% | |
| Max Drawdown | -56.5% | -0.9% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jan 5, 2007 |
IVV vs SHV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares 0-1 Year Treasury Bond ETF (SHV) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.64% while SHV returned +3.45%. Year to date, IVV is up 13.72% versus a gain of 1.80% for SHV.
Over three years, IVV compounded at +21.55% per year against +4.57% for SHV; over five years the annualized figures are +13.27% and +3.48% respectively. Across the full 20-year window we track, IVV has the edge at +7.04% annualized vs +0.96%. 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 0.6% for SHV. 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 -0.9% for SHV. 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 0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SHV charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.82% for SHV.
Holdings Overlap
IVV and SHV share 1 holdings out of 520 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 SHV | Difference |
|---|---|---|---|
| XTSLA | 0.15% | 0.52% | 0.37% |
Frequently Asked Questions
Which is cheaper, IVV or SHV?
IVV has an expense ratio of 0.03% while SHV charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or SHV?
Over the past year IVV returned +21.64% vs +3.45% for SHV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs +0.96% for SHV. Past performance does not guarantee future results.
Which is riskier, IVV or SHV?
IVV has been the more volatile fund at 15.1% annualized versus 0.6% for SHV. Worst drawdown: IVV -56.5% vs SHV -0.9%.
Should I hold both IVV and SHV?
IVV and SHV have a monthly-return correlation of 0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SHV?
IVV and SHV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, IVV or SHV?
IVV yields 1.09% while SHV yields 3.82%, so SHV currently pays the higher dividend yield.
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