IVV vs UPGD
iShares Core S&P 500 ETF vs Invesco Bloomberg Analyst Rating Improvers ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | UPGD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $120M | |
| Dividend Yield | 1.09% | 1.58% | |
| Holdings | 508 | 53 | |
| YTD Return | +13.72% | +13.37% | |
| 1Y Return | +21.64% | +16.82% | |
| 3Y Return (annualized) | +21.55% | +13.70% | |
| 5Y Return (annualized) | +13.27% | +7.85% | |
| Volatility (annualized) | 15.1% | 21.2% | |
| Max Drawdown | -56.5% | -60.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 19, 2006 |
IVV vs UPGD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while UPGD returned +16.82%. Year to date, IVV is up 13.72% versus a gain of 13.37% for UPGD.
Over three years, IVV compounded at +21.55% per year against +13.70% for UPGD; over five years the annualized figures are +13.27% and +7.85% respectively. Across the full 20-year window we track, UPGD has the edge at +8.03% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPGD has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -60.7% for UPGD. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UPGD charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.58% for UPGD.
Holdings Overlap
IVV and UPGD share 43 holdings out of 513 unique holdings combined, representing a 5.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or UPGD?
IVV has an expense ratio of 0.03% while UPGD charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or UPGD?
Over the past year IVV returned +21.64% vs +16.82% for UPGD, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs +8.03% for UPGD. Past performance does not guarantee future results.
Which is riskier, IVV or UPGD?
UPGD has been the more volatile fund at 21.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs UPGD -60.7%.
Should I hold both IVV and UPGD?
IVV and UPGD have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and UPGD?
IVV and UPGD share 43 common holdings with a 5.6% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or UPGD?
IVV yields 1.09% while UPGD yields 1.58%, so UPGD currently pays the higher dividend yield.
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