IVV vs SZNE
iShares Core S&P 500 ETF vs Pacer CFRA-Stovall Equal Weight Seasonal Rotation 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 | SZNE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $13M | |
| Dividend Yield | 1.10% | 1.31% | |
| Holdings | 508 | 230 | |
| YTD Return | +14.29% | +8.58% | |
| 1Y Return | +21.79% | +15.54% | |
| 3Y Return (annualized) | +22.19% | +3.36% | |
| 5Y Return (annualized) | +13.28% | +1.43% | |
| Volatility (annualized) | 15.1% | 18.9% | |
| Max Drawdown | -56.5% | -40.4% | |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 23, 2018 |
IVV vs SZNE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) is a ETF from Pacer ETFs. Over the past year IVV returned +21.79% while SZNE returned +15.54%. Year to date, IVV is up 14.29% versus a gain of 8.58% for SZNE.
Over three years, IVV compounded at +22.19% per year against +3.36% for SZNE; over five years the annualized figures are +13.28% and +1.43% respectively. Across the full 8-year window we track, IVV has the edge at +7.06% annualized vs +6.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SZNE has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -40.4% for SZNE. 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 0.88. 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 1.10% against 1.31% for SZNE.
Holdings Overlap
IVV and SZNE share 215 holdings out of 514 unique holdings combined, representing a 24.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or SZNE?
Over the past year IVV returned +21.79% vs +15.54% for SZNE, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.06% vs +6.37% for SZNE. Past performance does not guarantee future results.
Which is riskier, IVV or SZNE?
SZNE has been the more volatile fund at 18.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SZNE -40.4%.
Should I hold both IVV and SZNE?
IVV and SZNE have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SZNE?
IVV and SZNE share 215 common holdings with a 24.5% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVV or SZNE?
IVV yields 1.10% while SZNE yields 1.31%, so SZNE currently pays the higher dividend yield.
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