IVV vs VPC
iShares Core S&P 500 ETF vs Virtus Private Credit Strategy 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 | VPC | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 10.60% | |
| AUM | $865.2B | $30M | |
| Dividend Yield | 1.09% | 17.06% | |
| Holdings | 508 | 59 | |
| YTD Return | +13.80% | -6.49% | |
| 1Y Return | +23.70% | -9.64% | |
| 3Y Return (annualized) | +21.49% | +0.93% | |
| 5Y Return (annualized) | +13.43% | +1.83% | |
| Volatility (annualized) | 15.1% | 20.5% | |
| Max Drawdown | -56.5% | -55.3% | |
| Fund Family | iShares by BlackRock (US) | Virtus Investment Partners | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Feb 7, 2019 |
IVV vs VPC Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Virtus Private Credit Strategy ETF (VPC) is a ETF from Virtus Investment Partners. Over the past year IVV returned +23.70% while VPC returned -9.64%. Year to date, IVV is up 13.80% versus a loss of 6.49% for VPC.
Over three years, IVV compounded at +21.49% per year against +0.93% for VPC; over five years the annualized figures are +13.43% and +1.83% respectively. Across the full 8-year window we track, IVV has the edge at +7.05% annualized vs +1.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VPC has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 15.1% 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 -56.5% for IVV and -55.3% for VPC. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VPC charges 10.60%. On a $10,000 position that is $3 vs $1060 annually, a gap of $1057 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 17.06% for VPC.
Holdings Overlap
IVV and VPC share 0 holdings out of 563 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or VPC?
IVV has an expense ratio of 0.03% while VPC charges 10.60%. IVV is the cheaper option. On a $10,000 investment, that is $1057 per year of difference.
Which performed better, IVV or VPC?
Over the past year IVV returned +23.70% vs -9.64% for VPC, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.05% vs +1.84% for VPC. Past performance does not guarantee future results.
Which is riskier, IVV or VPC?
VPC has been the more volatile fund at 20.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs VPC -55.3%.
Should I hold both IVV and VPC?
IVV and VPC have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VPC?
IVV and VPC share 0 common holdings with a 0.0% weight overlap. Combined, they hold 563 unique securities.
Which pays a higher dividend, IVV or VPC?
IVV yields 1.09% while VPC yields 17.06%, so VPC currently pays the higher dividend yield.
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