IVV vs XMAG
iShares Core S&P 500 ETF vs Defiance Large Cap ex-Mag 7 ETF
Quick Verdict
IVV has a lower expense ratio. XMAG delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | XMAG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $178M | |
| Dividend Yield | 1.10% | 0.46% | |
| Holdings | 508 | 497 | |
| YTD Return | +12.76% | +15.92% | |
| 1Y Return | +20.14% | +21.70% | |
| 3Y Return (annualized) | +21.69% | - | |
| 5Y Return (annualized) | +13.00% | - | |
| Volatility (annualized) | 15.1% | 12.0% | |
| Max Drawdown | -56.5% | -16.2% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 21, 2024 |
IVV vs XMAG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Large Cap ex-Mag 7 ETF (XMAG) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +20.14% while XMAG returned +21.70%. Year to date, IVV is up 12.76% versus a gain of 15.92% for XMAG.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.0% for XMAG. 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 -16.2% for XMAG. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while XMAG charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.46% for XMAG.
Holdings Overlap
IVV and XMAG share 420 holdings out of 577 unique holdings combined, representing a 62.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or XMAG?
IVV has an expense ratio of 0.03% while XMAG charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or XMAG?
Over the past year IVV returned +20.14% vs +21.70% for XMAG, so XMAG leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.99% vs +16.37% for XMAG. Past performance does not guarantee future results.
Which is riskier, IVV or XMAG?
IVV has been the more volatile fund at 15.1% annualized versus 12.0% for XMAG. Worst drawdown: IVV -56.5% vs XMAG -16.2%.
Should I hold both IVV and XMAG?
IVV and XMAG have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XMAG?
IVV and XMAG share 420 common holdings with a 62.2% weight overlap. Combined, they hold 577 unique securities.
Which pays a higher dividend, IVV or XMAG?
IVV yields 1.10% while XMAG yields 0.46%, so IVV currently pays the higher dividend yield.
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