IVV vs USVN
iShares Core S&P 500 ETF vs F/m US Treasury 7 Year Note 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 | USVN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $7M | |
| Dividend Yield | 1.09% | 4.09% | |
| Holdings | 508 | 2 | |
| YTD Return | +14.50% | -0.52% | |
| 1Y Return | +22.02% | +1.18% | |
| 3Y Return (annualized) | +21.80% | +4.07% | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 5.5% | |
| Max Drawdown | -56.5% | -8.3% | |
| Fund Family | iShares by BlackRock (US) | US Benchmark Series | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 28, 2023 |
IVV vs USVN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and F/m US Treasury 7 Year Note ETF (USVN) is a ETF from US Benchmark Series. Over the past year IVV returned +22.02% while USVN returned +1.18%. Year to date, IVV is up 14.50% versus a loss of 0.52% for USVN.
Over three years, IVV compounded at +21.80% per year against +4.07% for USVN. Across the full 3-year window we track, IVV has the edge at +7.07% annualized vs +2.63%. 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 5.5% for USVN. 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 -8.3% for USVN. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while USVN charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.09% for USVN.
Frequently Asked Questions
Which is cheaper, IVV or USVN?
IVV has an expense ratio of 0.03% while USVN charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or USVN?
Over the past year IVV returned +22.02% vs +1.18% for USVN, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.07% vs +2.63% for USVN. Past performance does not guarantee future results.
Which is riskier, IVV or USVN?
IVV has been the more volatile fund at 15.1% annualized versus 5.5% for USVN. Worst drawdown: IVV -56.5% vs USVN -8.3%.
Should I hold both IVV and USVN?
IVV and USVN have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or USVN?
IVV yields 1.09% while USVN yields 4.09%, so USVN currently pays the higher dividend yield.
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