IVV vs USMF
iShares Core S&P 500 ETF vs WisdomTree US Multifactor Fund
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 | USMF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.28% | |
| AUM | $907.0B | $293M | |
| Dividend Yield | 1.10% | 1.32% | |
| Holdings | 508 | 200 | |
| YTD Return | +13.25% | +3.31% | |
| 1Y Return | +19.95% | +2.31% | |
| 3Y Return (annualized) | +21.26% | +11.43% | |
| 5Y Return (annualized) | +12.82% | +6.65% | |
| Volatility (annualized) | 15.1% | 14.9% | |
| Max Drawdown | -56.5% | -36.2% | |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 29, 2017 |
IVV vs USMF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and WisdomTree US Multifactor Fund (USMF) is a ETF from WisdomTree Investments. Over the past year IVV returned +19.95% while USMF returned +2.31%. Year to date, IVV is up 13.25% versus a gain of 3.31% for USMF.
Over three years, IVV compounded at +21.26% per year against +11.43% for USMF; over five years the annualized figures are +12.82% and +6.65% respectively. Across the full 9-year window we track, USMF has the edge at +10.06% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.9% for USMF. 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 -36.2% for USMF. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while USMF charges 0.28%. On a $10,000 position that is $3 vs $28 annually, a gap of $25 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.32% for USMF.
Holdings Overlap
IVV and USMF share 113 holdings out of 592 unique holdings combined, representing a 30.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or USMF?
IVV has an expense ratio of 0.03% while USMF charges 0.28%. IVV is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, IVV or USMF?
Over the past year IVV returned +19.95% vs +2.31% for USMF, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.01% vs +10.06% for USMF. Past performance does not guarantee future results.
Which is riskier, IVV or USMF?
IVV has been the more volatile fund at 15.1% annualized versus 14.9% for USMF. Worst drawdown: IVV -56.5% vs USMF -36.2%.
Should I hold both IVV and USMF?
IVV and USMF have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and USMF?
IVV and USMF share 113 common holdings with a 30.5% weight overlap. Combined, they hold 592 unique securities.
Which pays a higher dividend, IVV or USMF?
IVV yields 1.10% while USMF yields 1.32%, so USMF currently pays the higher dividend yield.
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