IVV vs SZNE
iShares Core S&P 500 ETF vs Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF
Which is better, IVV or SZNE?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y and the full window. SZNE is less concentrated, with 10.4% of the fund in its ten largest positions against 37.9%.
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 | SZNE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $876.4B | $13M |
| Dividend Yield | 1.06% | 1.31% |
| Holdings | 508 | 230 |
| Volatility (annualized) | 17.0%Best | 18.9% |
| Max Drawdown | -33.9%Best | -40.4% |
| $10,000 over 7.8 years | $28,519Best | $16,188 |
| Top 10 Weight | 37.9% | 10.4%Best |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jul 23, 2018 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 120 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 11, 2026 and SZNE through May 14, 2026.
Volatility and max drawdown, and the $10,000 over 7.8 years row, are measured over the window both funds cover: Jul 24, 2018 to May 14, 2026 (7.8 years).
Risk: Volatility and Drawdowns
SZNE has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 17.0% 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 -33.9% for IVV and -40.4% for SZNE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SZNE charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.31% for SZNE.
Holdings Overlap
56.1% of IVV's money is in holdings SZNE also owns. 97.2% of SZNE's money is in holdings IVV also owns.
Most of SZNE is already inside IVV. Owning both mostly buys the same companies twice.
The two holdings books were reported 217 days apart, IVV as of Aug 5, 2026 and SZNE as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
217 positions in common, counted across the 505 positions we hold weights for in IVV and 224 in SZNE, against full books of 508 and 230.
What only one of them owns
Our book lists 6 positions for SZNE that do not appear in our book for IVV (2.3% of the fund), and 282 for IVV that do not appear in SZNE (43.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SZNE | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 0.35% | 7.63% |
| AAPLApple, Inc | 6.86% | 0.32% | 6.54% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 0.34% | 5.10% |
| AMZNAmazon.Com Inc | 4.01% | 0.52% | 3.49% |
| AVGOBroadcom Inc | 2.98% | 0.29% | 2.69% |
| MUMicron Technology, Inc. | 1.51% | 0.45% | 1.06% |
| TSLATesla Inc | 1.36% | 0.48% | 0.88% |
| AMDAdvanced Micro Devices Inc. | 1.18% | 0.33% | 0.85% |
| LINLinde Plc Ordinary Shares | 0.34% | 1.04% | 0.70% |
| FCXFreeport-McMoran Copper & Gold Inc | 0.15% | 1.13% | 0.98% |
97.2% of SZNE 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.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SZNE?
IVV has an expense ratio of 0.03% while SZNE charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which is riskier, IVV or SZNE?
SZNE has been the more volatile fund at 18.9% annualized versus 17.0% for IVV. Worst drawdown: IVV -33.9% vs SZNE -40.4%.
Should I hold both IVV and SZNE?
IVV and SZNE have a monthly-return correlation of 0.88, 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 SZNE?
97.2% of SZNE's money is in holdings IVV also owns. 97.2% of SZNE's is in holdings IVV also owns. They hold 217 positions in common, counted across the 505 positions we hold weights for in IVV and 224 in SZNE.
Which pays a higher dividend, IVV or SZNE?
IVV yields 1.06% while SZNE yields 1.31%, so SZNE currently pays the higher dividend yield.
Is SZNE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. SZNE is less concentrated, with 10.4% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.