IVV vs SIXA
iShares Core S&P 500 ETF vs ETC 6 Meridian Mega Cap Equity ETF
Which is better, IVV or SIXA?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SIXA over 1Y. SIXA is less concentrated, with 35.9% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | SIXA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.46% |
| AUM | $876.4B | $544M |
| Dividend Yield | 1.06% | 1.91% |
| Holdings | 508 | 51 |
| YTD Return | +13.23% | +16.73%Best |
| 1Y Return | +17.38% | +18.06%Best |
| 3Y Return (annualized) | +22.67%Best | +21.19% |
| 5Y Return (annualized) | +13.13%Best | +12.91% |
| Volatility (annualized) | 15.4% | 12.6%Best |
| Max Drawdown | -24.5% | -18.4%Best |
| $10,000 over 5 years | $18,531Best | $18,351 |
| Top 10 Weight | 37.8% | 35.9%Best |
| Fund Family | iShares by BlackRock (US) | 6 Meridian ETF |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | May 11, 2020 |
Volatility and max drawdown are measured over the window both funds cover: May 11, 2020 to Sep 24, 2026 (6.4 years).
IVV vs SIXA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.4 years both funds cover.
IVV vs SIXA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an ETF from 6 Meridian ETF. Over the past year IVV returned +17.38% while SIXA returned +18.06%. Year to date, IVV is up 13.23% versus a gain of 16.73% for SIXA.
Over three years, IVV compounded at +22.67% per year against +21.19% for SIXA; over five years the annualized figures are +13.13% and +12.91% respectively. Across the full 6-year window we track, IVV has the edge at +17.83% annualized vs +15.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 12.6% for SIXA. 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 -24.5% for IVV and -18.4% for SIXA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SIXA charges 0.46%. On a $10,000 position that is $3 vs $46 annually, a gap of $43 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.91% for SIXA.
Holdings Overlap
42.4% of IVV's money is in holdings SIXA also owns. 99.4% of SIXA's money is in holdings IVV also owns.
Most of SIXA is already inside IVV. Owning both mostly buys the same companies twice.
47 positions in common, counted across the 490 positions we hold weights for in IVV and 48 in SIXA, against full books of 508 and 51.
What only one of them owns
Measured across the 490 and 48 positions we hold weights for.
IVV holds 435 positions SIXA does not, 56.3% of the fund.
Largest: MSFT 5.69%, AVGO 2.65%, GOOG 2.39%, TSLA 1.56%, JPM 1.44%
Top Shared Holdings
| Stock | Weight in IVV | Weight in SIXA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 1.40% | 6.67% |
| AAPLApple, Inc | 7.02% | 1.36% | 5.66% |
| MOAltria Group Inc | 0.17% | 5.25% | 5.08% |
| AMZNAmazon.Com Inc | 3.84% | 1.21% | 2.63% |
| TBBAt&t Inc | 0.27% | 4.32% | 4.05% |
| MUMicron Technology, Inc. | 1.63% | 2.92% | 1.29% |
| VZVerizon Communic | 0.32% | 4.15% | 3.83% |
| PMPhilip Morris International Inc. | 0.44% | 3.79% | 3.35% |
| GOOGLAlphabet Inc,class A | 3.00% | 1.21% | 1.79% |
| PEPPepsico Inc. | 0.29% | 3.87% | 3.58% |
99.4% of SIXA is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, IVV or SIXA?
IVV has an expense ratio of 0.03% while SIXA charges 0.46%. IVV is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, IVV or SIXA?
Over the past year IVV returned +17.38% vs +18.06% for SIXA, so SIXA leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +17.83% vs +15.59% for SIXA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SIXA?
IVV has been the more volatile fund at 15.4% annualized versus 12.6% for SIXA. Worst drawdown: IVV -24.5% vs SIXA -18.4%.
Should I hold both IVV and SIXA?
IVV and SIXA have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and SIXA?
99.4% of SIXA's money is in holdings IVV also owns. 99.4% of SIXA's is in holdings IVV also owns. They hold 47 positions in common, counted across the 490 positions we hold weights for in IVV and 48 in SIXA.
Which pays a higher dividend, IVV or SIXA?
IVV yields 1.06% while SIXA yields 1.91%, so SIXA currently pays the higher dividend yield.
Is SIXA better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SIXA over 1Y. SIXA is less concentrated, with 35.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.