IVV vs VLLU
iShares Core S&P 500 ETF vs Harbor AlphaEdge Large Cap Value ETF
Quick Verdict
IVV has a lower expense ratio. VLLU delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | VLLU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $5M | |
| Dividend Yield | 1.09% | 1.36% | |
| Holdings | 508 | 76 | |
| YTD Return | +14.50% | +13.93% | |
| 1Y Return | +22.02% | +23.31% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 10.7% | |
| Max Drawdown | -56.5% | -16.6% | |
| Fund Family | iShares by BlackRock (US) | Harbor Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 3, 2024 |
IVV vs VLLU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Harbor AlphaEdge Large Cap Value ETF (VLLU) is a ETF from Harbor Funds. Over the past year IVV returned +22.02% while VLLU returned +23.31%. Year to date, IVV is up 14.50% versus a gain of 13.93% for VLLU.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.7% for VLLU. 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 -16.6% for VLLU. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VLLU charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.36% for VLLU.
Holdings Overlap
IVV and VLLU share 59 holdings out of 520 unique holdings combined, representing a 24.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or VLLU?
IVV has an expense ratio of 0.03% while VLLU charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or VLLU?
Over the past year IVV returned +22.02% vs +23.31% for VLLU, so VLLU leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.07% vs +18.21% for VLLU. Past performance does not guarantee future results.
Which is riskier, IVV or VLLU?
IVV has been the more volatile fund at 15.1% annualized versus 10.7% for VLLU. Worst drawdown: IVV -56.5% vs VLLU -16.6%.
Should I hold both IVV and VLLU?
IVV and VLLU have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VLLU?
IVV and VLLU share 59 common holdings with a 24.4% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, IVV or VLLU?
IVV yields 1.09% while VLLU yields 1.36%, so VLLU currently pays the higher dividend yield.
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