IVV vs SJLD
iShares Core S&P 500 ETF vs SanJac Alpha Low Duration 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 | SJLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $3M | |
| Dividend Yield | 1.10% | 4.41% | |
| Holdings | 508 | 11 | |
| YTD Return | +12.71% | +2.64% | |
| 1Y Return | +21.89% | +4.21% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 1.9% | |
| Max Drawdown | -56.5% | -1.0% | |
| Fund Family | iShares by BlackRock (US) | SanJac Alpha | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 9, 2024 |
IVV vs SJLD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and SanJac Alpha Low Duration ETF (SJLD) is a ETF from SanJac Alpha. Over the past year IVV returned +21.89% while SJLD returned +4.21%. Year to date, IVV is up 12.71% versus a gain of 2.64% for SJLD.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.9% for SJLD. 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 -1.0% for SJLD. 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 SJLD charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.41% for SJLD.
Holdings Overlap
IVV and SJLD share 0 holdings out of 513 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 SJLD?
IVV has an expense ratio of 0.03% while SJLD charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or SJLD?
Over the past year IVV returned +21.89% vs +4.21% for SJLD, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +5.70% for SJLD. Past performance does not guarantee future results.
Which is riskier, IVV or SJLD?
IVV has been the more volatile fund at 15.1% annualized versus 1.9% for SJLD. Worst drawdown: IVV -56.5% vs SJLD -1.0%.
Should I hold both IVV and SJLD?
IVV and SJLD 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 SJLD?
IVV and SJLD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or SJLD?
IVV yields 1.10% while SJLD yields 4.41%, so SJLD currently pays the higher dividend yield.
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