IVV vs USPX
iShares Core S&P 500 ETF vs Franklin US Equity Index ETF
Which is better, IVV or USPX?
IVV has been ahead.
IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. USPX is less concentrated, with 37.6% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | USPX |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $2.1B |
| Dividend Yield | 1.06% | 1.06% |
| Holdings | 508 | 487 |
| YTD Return | +13.32%Best | +12.70% |
| 1Y Return | +17.08%Best | +16.20% |
| 3Y Return (annualized) | +22.72%Best | +22.61% |
| 5Y Return (annualized) | +13.20%Best | +12.47% |
| Volatility (annualized) | 15.3% | 14.0%Best |
| Max Drawdown | -33.9% | -31.2%Best |
| $10,000 over 5 years | $18,588Best | $17,996 |
| Top 10 Weight | 37.8% | 37.6%Best |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 1, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Jun 3, 2016 to Sep 23, 2026 (10.3 years).
IVV vs USPX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.3 years both funds cover.
IVV vs USPX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Franklin US Equity Index ETF (USPX) is an ETF from Franklin Templeton Investments (US). Over the past year IVV returned +17.08% while USPX returned +16.20%. Year to date, IVV is up 13.32% versus a gain of 12.70% for USPX.
Over three years, IVV compounded at +22.72% per year against +22.61% for USPX; over five years the annualized figures are +13.20% and +12.47% respectively. Across the full 10-year window we track, IVV has the edge at +14.26% annualized vs +10.79%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -33.9% for IVV and -31.2% for USPX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 1.06% for USPX.
Holdings Overlap
96.0% of IVV's money is in holdings USPX also owns. 95.6% of USPX's money is in holdings IVV also owns.
Most of IVV is already inside USPX. Owning both mostly buys the same companies twice.
394 positions in common, counted across the 490 positions we hold weights for in IVV and 469 in USPX, against full books of 508 and 487.
What only one of them owns
Our book lists 51 positions for USPX that do not appear in our book for IVV (3.1% of the fund), and 90 for IVV that do not appear in USPX (2.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in USPX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 7.84% | 0.23% |
| AAPLApple, Inc | 7.02% | 7.04% | 0.02% |
| MSFTMicrosoft Corp | 5.69% | 5.70% | 0.01% |
| AMZNAmazon.Com Inc | 3.84% | 3.87% | 0.03% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.01% | 0.01% |
| AVGOBroadcom Inc | 2.65% | 2.61% | 0.04% |
| GOOGAlphabet Inc | 2.39% | 2.39% | 0.00% |
| METAMeta Platforms Inc | 1.90% | 1.90% | 0.00% |
| MUMicron Technology, Inc. | 1.63% | 1.63% | 0.00% |
| TSLATesla Inc | 1.56% | 1.57% | 0.01% |
96.0% of IVV is already inside USPX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or USPX?
IVV has an expense ratio of 0.03% while USPX charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or USPX?
Over the past year IVV returned +17.08% vs +16.20% for USPX, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +14.26% vs +10.79% for USPX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or USPX?
IVV has been the more volatile fund at 15.3% annualized versus 14.0% for USPX. Worst drawdown: IVV -33.9% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and USPX?
96.0% of IVV's money is in holdings USPX also owns. 95.6% of USPX's is in holdings IVV also owns. They hold 394 positions in common, counted across the 490 positions we hold weights for in IVV and 469 in USPX.
Which pays a higher dividend, IVV or USPX?
IVV yields 1.06% while USPX yields 1.06%, so USPX currently pays the higher dividend yield.
Is USPX better than IVV?
IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. USPX is less concentrated, with 37.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.