IVV vs USDX
iShares Core S&P 500 ETF vs SGI Enhanced Core 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 | USDX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.08% | |
| AUM | $865.2B | $302M | |
| Dividend Yield | 1.09% | 6.79% | |
| Holdings | 508 | 37 | |
| YTD Return | +13.72% | +2.99% | |
| 1Y Return | +21.64% | +6.21% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 1.0% | |
| Max Drawdown | -56.5% | -0.9% | |
| Fund Family | iShares by BlackRock (US) | Summit Global Investments | |
| Category | Equity | Money Market | |
| Inception | May 15, 2000 | Feb 29, 2024 |
IVV vs USDX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and SGI Enhanced Core ETF (USDX) is a ETF from Summit Global Investments. Over the past year IVV returned +21.64% while USDX returned +6.21%. Year to date, IVV is up 13.72% versus a gain of 2.99% for USDX.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.0% for USDX. 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 -0.9% for USDX. 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while USDX charges 1.08%. On a $10,000 position that is $3 vs $108 annually, a gap of $105 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.79% for USDX.
Holdings Overlap
IVV and USDX share 0 holdings out of 512 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or USDX?
IVV has an expense ratio of 0.03% while USDX charges 1.08%. IVV is the cheaper option. On a $10,000 investment, that is $105 per year of difference.
Which performed better, IVV or USDX?
Over the past year IVV returned +21.64% vs +6.21% for USDX, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +7.11% for USDX. Past performance does not guarantee future results.
Which is riskier, IVV or USDX?
IVV has been the more volatile fund at 15.1% annualized versus 1.0% for USDX. Worst drawdown: IVV -56.5% vs USDX -0.9%.
Should I hold both IVV and USDX?
IVV and USDX have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and USDX?
IVV and USDX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, IVV or USDX?
IVV yields 1.09% while USDX yields 6.79%, so USDX currently pays the higher dividend yield.
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