IVV vs XAPR
iShares Core S&P 500 ETF vs FT Vest US Equity Enhance & Moderate Buffer ETF - April
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | XAPR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $907.0B | $30M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 6 | |
| YTD Return | +12.71% | +5.10% | |
| 1Y Return | +21.89% | +8.10% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 2.5% | |
| Max Drawdown | -56.5% | -6.2% | |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 19, 2024 |
IVV vs XAPR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and FT Vest US Equity Enhance & Moderate Buffer ETF - April (XAPR) is a ETF from First Trust Portfolios (US). Over the past year IVV returned +21.89% while XAPR returned +8.10%. Year to date, IVV is up 12.71% versus a gain of 5.10% for XAPR.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.5% for XAPR. 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 -6.2% for XAPR. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while XAPR charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for XAPR.
Holdings Overlap
IVV and XAPR share 0 holdings out of 506 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 XAPR?
IVV has an expense ratio of 0.03% while XAPR charges 0.85%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IVV or XAPR?
Over the past year IVV returned +21.89% vs +8.10% for XAPR, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +11.22% for XAPR. Past performance does not guarantee future results.
Which is riskier, IVV or XAPR?
IVV has been the more volatile fund at 15.1% annualized versus 2.5% for XAPR. Worst drawdown: IVV -56.5% vs XAPR -6.2%.
Should I hold both IVV and XAPR?
IVV and XAPR have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XAPR?
IVV and XAPR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or XAPR?
IVV yields 1.10% while XAPR yields 0.00%, so IVV currently pays the higher dividend yield.
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