IVV vs USPX
iShares Core S&P 500 ETF vs Franklin US Equity Index ETF
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | USPX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $2.0B | |
| Dividend Yield | 1.09% | 1.09% | |
| Holdings | 508 | 511 | |
| YTD Return | +13.43% | +13.03% | |
| 1Y Return | +22.61% | +22.20% | |
| 3Y Return (annualized) | +21.47% | +21.43% | |
| 5Y Return (annualized) | +13.26% | +12.25% | |
| Volatility (annualized) | 15.1% | 14.0% | |
| Max Drawdown | -56.5% | -31.2% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 1, 2016 |
IVV vs USPX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Franklin US Equity Index ETF (USPX) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +22.61% while USPX returned +22.20%. Year to date, IVV is up 13.43% versus a gain of 13.03% for USPX.
Over three years, IVV compounded at +21.47% per year against +21.43% for USPX; over five years the annualized figures are +13.26% and +12.25% respectively. Across the full 10-year window we track, USPX has the edge at +10.95% annualized vs +7.03%. 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 14.0% for USPX. 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 -31.2% for USPX. 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 0.97. 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 USPX charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 1.09% for USPX.
Holdings Overlap
IVV and USPX share 421 holdings out of 579 unique holdings combined, representing a 90.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or USPX?
IVV has an expense ratio of 0.03% while USPX charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or USPX?
Over the past year IVV returned +22.61% vs +22.20% for USPX, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.03% vs +10.95% for USPX. Past performance does not guarantee future results.
Which is riskier, IVV or USPX?
IVV has been the more volatile fund at 15.1% annualized versus 14.0% for USPX. Worst drawdown: IVV -56.5% vs USPX -31.2%.
Should I hold both IVV and USPX?
IVV and USPX have a monthly-return correlation of 0.97, 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 USPX?
IVV and USPX share 421 common holdings with a 90.8% weight overlap. Combined, they hold 579 unique securities.
Which pays a higher dividend, IVV or USPX?
IVV yields 1.09% while USPX yields 1.09%, so USPX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.