IVV vs USAF
iShares Core S&P 500 ETF vs Atlas America Fund 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 | USAF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.89% | |
| AUM | $865.2B | $18M | |
| Dividend Yield | 1.09% | 2.45% | |
| Holdings | 508 | 71 | |
| YTD Return | +13.80% | +5.04% | |
| 1Y Return | +23.01% | +9.59% | |
| 3Y Return (annualized) | +21.77% | - | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 4.5% | |
| Max Drawdown | -56.5% | -4.5% | |
| Fund Family | iShares by BlackRock (US) | Atlas Capital Team | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 19, 2024 |
IVV vs USAF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Atlas America Fund ETF (USAF) is a ETF from Atlas Capital Team. Over the past year IVV returned +23.01% while USAF returned +9.59%. Year to date, IVV is up 13.80% versus a gain of 5.04% for USAF.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.5% for USAF. 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 -4.5% for USAF. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while USAF charges 0.89%. On a $10,000 position that is $3 vs $89 annually, a gap of $86 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.45% for USAF.
Holdings Overlap
IVV and USAF share 14 holdings out of 553 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or USAF?
IVV has an expense ratio of 0.03% while USAF charges 0.89%. IVV is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, IVV or USAF?
Over the past year IVV returned +23.01% vs +9.59% for USAF, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +8.46% for USAF. Past performance does not guarantee future results.
Which is riskier, IVV or USAF?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for USAF. Worst drawdown: IVV -56.5% vs USAF -4.5%.
Should I hold both IVV and USAF?
IVV and USAF have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and USAF?
IVV and USAF share 14 common holdings with a 0.8% weight overlap. Combined, they hold 553 unique securities.
Which pays a higher dividend, IVV or USAF?
IVV yields 1.09% while USAF yields 2.45%, so USAF currently pays the higher dividend yield.
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