IVV vs SVAL
iShares Core S&P 500 ETF vs iShares US Small Cap Value Factor ETF
Quick Verdict
IVV has a lower expense ratio. SVAL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SVAL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $907.0B | $211M | |
| Dividend Yield | 1.10% | 2.05% | |
| Holdings | 508 | 262 | |
| YTD Return | +13.22% | +27.16% | |
| 1Y Return | +21.62% | +36.67% | |
| 3Y Return (annualized) | +22.17% | +18.95% | |
| 5Y Return (annualized) | +13.42% | +10.65% | |
| Volatility (annualized) | 15.1% | 22.0% | |
| Max Drawdown | -56.5% | -27.4% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 27, 2020 |
IVV vs SVAL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares US Small Cap Value Factor ETF (SVAL) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.62% while SVAL returned +36.67%. Year to date, IVV is up 13.22% versus a gain of 27.16% for SVAL.
Over three years, IVV compounded at +22.17% per year against +18.95% for SVAL; over five years the annualized figures are +13.42% and +10.65% respectively. Across the full 6-year window we track, SVAL has the edge at +17.44% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SVAL has been the more volatile fund, with annualized monthly volatility of 22.0% compared with 15.1% for IVV. 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 -27.4% for SVAL. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SVAL charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.05% for SVAL.
Holdings Overlap
IVV and SVAL share 1 holdings out of 747 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 SVAL | Difference |
|---|---|---|---|
| XTSLA | 0.15% | 0.90% | 0.75% |
Frequently Asked Questions
Which is cheaper, IVV or SVAL?
IVV has an expense ratio of 0.03% while SVAL charges 0.20%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IVV or SVAL?
Over the past year IVV returned +21.62% vs +36.67% for SVAL, so SVAL leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.02% vs +17.44% for SVAL. Past performance does not guarantee future results.
Which is riskier, IVV or SVAL?
SVAL has been the more volatile fund at 22.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SVAL -27.4%.
Should I hold both IVV and SVAL?
IVV and SVAL have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SVAL?
IVV and SVAL share 1 common holdings with a 0.1% weight overlap. Combined, they hold 747 unique securities.
Which pays a higher dividend, IVV or SVAL?
IVV yields 1.10% while SVAL yields 2.05%, so SVAL currently pays the higher dividend yield.
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