IVV vs UPGR
iShares Core S&P 500 ETF vs Xtrackers US Green Infrastructure Select Equity ETF
Quick Verdict
IVV has a lower expense ratio. UPGR delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | UPGR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $865.2B | $6M | |
| Dividend Yield | 1.09% | 0.28% | |
| Holdings | 508 | 47 | |
| YTD Return | +13.43% | +0.90% | |
| 1Y Return | +22.61% | +30.36% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 27.2% | |
| Max Drawdown | -56.5% | -35.5% | |
| Fund Family | iShares by BlackRock (US) | Xtrackers ETFs | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 13, 2023 |
IVV vs UPGR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Xtrackers US Green Infrastructure Select Equity ETF (UPGR) is a ETF from Xtrackers ETFs. Over the past year IVV returned +22.61% while UPGR returned +30.36%. Year to date, IVV is up 13.43% versus a gain of 0.90% for UPGR.
Risk: Volatility and Drawdowns
UPGR has been the more volatile fund, with annualized monthly volatility of 27.2% 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 -35.5% for UPGR. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UPGR 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 1.09% against 0.28% for UPGR.
Holdings Overlap
IVV and UPGR share 12 holdings out of 538 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or UPGR?
IVV has an expense ratio of 0.03% while UPGR 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 UPGR?
Over the past year IVV returned +22.61% vs +30.36% for UPGR, so UPGR leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.03% vs +11.43% for UPGR. Past performance does not guarantee future results.
Which is riskier, IVV or UPGR?
UPGR has been the more volatile fund at 27.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs UPGR -35.5%.
Should I hold both IVV and UPGR?
IVV and UPGR have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and UPGR?
IVV and UPGR share 12 common holdings with a 2.4% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, IVV or UPGR?
IVV yields 1.09% while UPGR yields 0.28%, so IVV currently pays the higher dividend yield.
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