IVV vs VMAX
iShares Core S&P 500 ETF vs Hartford US Value ETF
Which is better, IVV or VMAX?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over the full window, VMAX over 1Y. VMAX is less concentrated, with 20.4% 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 | VMAX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.29% |
| AUM | $876.4B | $50M |
| Dividend Yield | 1.06% | 1.80% |
| Holdings | 508 | 142 |
| YTD Return | +11.51% | +18.93%Best |
| 1Y Return | +15.96% | +23.34%Best |
| 3Y Return (annualized) | +21.01% | - |
| 5Y Return (annualized) | +12.66% | - |
| Volatility (annualized) | 11.9%Best | 12.0% |
| Max Drawdown | -18.8%Best | -19.1% |
| $10,000 over 2.8 years | $17,347Best | $17,199 |
| Top 10 Weight | 37.8% | 20.4%Best |
| Fund Family | iShares by BlackRock (US) | Hartford Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Dec 5, 2023 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 6, 2023 to Sep 15, 2026 (2.8 years).
IVV vs VMAX 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 2.8 years both funds cover.
IVV vs VMAX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Hartford US Value ETF (VMAX) is an ETF from Hartford Funds. Over the past year IVV returned +15.96% while VMAX returned +23.34%. Year to date, IVV is up 11.51% versus a gain of 18.93% for VMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VMAX has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 11.9% for IVV. 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 -18.8% for IVV and -19.1% for VMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VMAX charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.80% for VMAX.
Holdings Overlap
44.4% of IVV's money is in holdings VMAX also owns. 82.6% of VMAX's money is in holdings IVV also owns.
Most of VMAX is already inside IVV. Owning both mostly buys the same companies twice.
103 positions in common, counted across the 490 positions we hold weights for in IVV and 140 in VMAX, against full books of 508 and 142.
What only one of them owns
Our book lists 34 positions for VMAX that do not appear in our book for IVV (16.9% of the fund), and 379 for IVV that do not appear in VMAX (54.3%).
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 VMAX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 0.91% | 7.16% |
| AAPLApple, Inc | 7.02% | 0.42% | 6.60% |
| GOOGLAlphabet Inc,class A | 3.00% | 1.97% | 1.03% |
| METAMeta Platforms Inc | 1.90% | 0.92% | 0.98% |
| JNJJohnson & Johnson - Common | 0.97% | 1.74% | 0.77% |
| MRKMerck & Company Inc | 0.55% | 2.13% | 1.58% |
| BKBank Of New York Mellon Corp | 0.17% | 2.41% | 2.24% |
| XOMExxon Mobil Corp. | 1.01% | 1.55% | 0.54% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 1.16% | 0.23% |
| STTState Street Corp. | 0.08% | 2.43% | 2.35% |
82.6% of VMAX is already inside IVV.
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 VMAX?
IVV has an expense ratio of 0.03% while VMAX charges 0.29%. IVV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, IVV or VMAX?
Over the past year IVV returned +15.96% vs +23.34% for VMAX, so VMAX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VMAX?
VMAX has been the more volatile fund at 12.0% annualized versus 11.9% for IVV. Worst drawdown: IVV -18.8% vs VMAX -19.1%.
Should I hold both IVV and VMAX?
IVV and VMAX have a monthly-return correlation of 0.72, 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 VMAX?
82.6% of VMAX's money is in holdings IVV also owns. 82.6% of VMAX's is in holdings IVV also owns. They hold 103 positions in common, counted across the 490 positions we hold weights for in IVV and 140 in VMAX.
Which pays a higher dividend, IVV or VMAX?
IVV yields 1.06% while VMAX yields 1.80%, so VMAX currently pays the higher dividend yield.
Is VMAX better than IVV?
IVV has a lower expense ratio. IVV led over the full window, VMAX over 1Y. VMAX is less concentrated, with 20.4% 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.