IVV vs VAMO
iShares Core S&P 500 ETF vs Cambria Value and Momentum Hedged Equity ETF
Which is better, IVV or VAMO?
Large Cap Blend against Small Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. VAMO is less concentrated, with 17.4% of the fund in its ten largest positions against 37.9%.
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 | VAMO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.65% |
| AUM | $876.4B | $87M |
| Dividend Yield | 1.06% | 0.61% |
| Holdings | 508 | 103 |
| YTD Return | +12.51%Best | +7.10% |
| 1Y Return | +17.57%Best | +11.51% |
| 3Y Return (annualized) | +21.27%Best | +13.22% |
| 5Y Return (annualized) | +12.95%Best | +10.76% |
| Volatility (annualized) | 15.2% | 12.9%Best |
| Max Drawdown | -33.9%Best | -41.8% |
| $10,000 over 5 years | $18,384Best | $16,669 |
| Top 10 Weight | 37.9% | 17.4%Best |
| Fund Family | iShares by BlackRock (US) | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Sep 8, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2015 to Sep 11, 2026 (11 years).
IVV vs VAMO 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 11 years both funds cover.
IVV vs VAMO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Cambria Value and Momentum Hedged Equity ETF (VAMO) is an ETF from Cambria Investment Management. Over the past year IVV returned +17.57% while VAMO returned +11.51%. Year to date, IVV is up 12.51% versus a gain of 7.10% for VAMO.
Over three years, IVV compounded at +21.27% per year against +13.22% for VAMO; over five years the annualized figures are +12.95% and +10.76% respectively. Across the full 11-year window we track, IVV has the edge at +14.01% annualized vs +4.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 12.9% for VAMO. 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 -41.8% for VAMO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while VAMO charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.61% for VAMO.
Holdings Overlap
1.7% of IVV's money is in holdings VAMO also owns. 17.2% of VAMO's money is in holdings IVV also owns.
VAMO and IVV share little of their money.
18 positions in common, counted across the 505 positions we hold weights for in IVV and 101 in VAMO, against full books of 508 and 103.
What only one of them owns
Measured across the 505 and 101 positions we hold weights for.
IVV holds 477 positions VAMO does not, 97.6% of the fund.
Largest: NVDA 7.98%, AAPL 6.86%, MSFT 5.44%, AMZN 4.01%, GOOGL 3.19%
Top Shared Holdings
| Stock | Weight in IVV | Weight in VAMO | Difference |
|---|---|---|---|
| NEMNewmont Corp. | 0.17% | 1.19% | 1.02% |
| VLOValero Energy Corp. | 0.13% | 1.21% | 1.08% |
| MCKMckesson Corp. | 0.16% | 1.03% | 0.87% |
| COFCapital One Financial Corp. | 0.21% | 0.95% | 0.74% |
| CCitigroup Inc. | 0.35% | 0.80% | 0.45% |
| CFCf Industries Holdings Inc. | 0.03% | 1.08% | 1.05% |
| APAApa Corp | 0.02% | 1.05% | 1.03% |
| GMGeneral Motors Co. | 0.12% | 0.94% | 0.82% |
| DVNDevon Energy Corp. | 0.07% | 0.94% | 0.87% |
| CAHCardinal Health Inc. | 0.08% | 0.90% | 0.82% |
You are not choosing between two funds in isolation.
Whichever of IVV and VAMO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or VAMO?
IVV has an expense ratio of 0.03% while VAMO charges 0.65%. IVV is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, IVV or VAMO?
Over the past year IVV returned +17.57% vs +11.51% for VAMO, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +14.01% vs +4.62% for VAMO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VAMO?
IVV has been the more volatile fund at 15.2% annualized versus 12.9% for VAMO. Worst drawdown: IVV -33.9% vs VAMO -41.8%.
Should I hold both IVV and VAMO?
IVV and VAMO have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and VAMO?
17.2% of VAMO's money is in holdings IVV also owns. 17.2% of VAMO's is in holdings IVV also owns. They hold 18 positions in common, counted across the 505 positions we hold weights for in IVV and 101 in VAMO.
Which pays a higher dividend, IVV or VAMO?
IVV yields 1.06% while VAMO yields 0.61%, so IVV currently pays the higher dividend yield.
Is VAMO better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. VAMO is less concentrated, with 17.4% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.