IVV vs XLSR
iShares Core S&P 500 ETF vs State Street US Sector Rotation ETF
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 | XLSR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.70% | |
| AUM | $907.0B | $1.1B | |
| Dividend Yield | 1.10% | 0.46% | |
| Holdings | 508 | 21 | |
| YTD Return | +12.28% | +5.79% | |
| 1Y Return | +20.94% | +16.68% | |
| 3Y Return (annualized) | +21.81% | +16.43% | |
| 5Y Return (annualized) | +13.05% | +9.09% | |
| Volatility (annualized) | 15.1% | 16.2% | |
| Max Drawdown | -56.5% | -32.9% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 2, 2019 |
IVV vs XLSR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street US Sector Rotation ETF (XLSR) is a ETF from State Street Investment Management. Over the past year IVV returned +20.94% while XLSR returned +16.68%. Year to date, IVV is up 12.28% versus a gain of 5.79% for XLSR.
Over three years, IVV compounded at +21.81% per year against +16.43% for XLSR; over five years the annualized figures are +13.05% and +9.09% respectively. Across the full 7-year window we track, XLSR has the edge at +12.31% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLSR has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -32.9% for XLSR. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while XLSR charges 0.70%. On a $10,000 position that is $3 vs $70 annually, a gap of $67 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.46% for XLSR.
Holdings Overlap
IVV and XLSR share 24 holdings out of 515 unique holdings combined, representing a 23.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or XLSR?
IVV has an expense ratio of 0.03% while XLSR charges 0.70%. IVV is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, IVV or XLSR?
Over the past year IVV returned +20.94% vs +16.68% for XLSR, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +6.98% vs +12.31% for XLSR. Past performance does not guarantee future results.
Which is riskier, IVV or XLSR?
XLSR has been the more volatile fund at 16.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XLSR -32.9%.
Should I hold both IVV and XLSR?
IVV and XLSR have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and XLSR?
IVV and XLSR share 24 common holdings with a 23.7% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or XLSR?
IVV yields 1.10% while XLSR yields 0.46%, so IVV currently pays the higher dividend yield.
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