IVV vs XMAG
iShares Core S&P 500 ETF vs Defiance Large Cap ex-Mag 7 ETF
Which is better, IVV or XMAG?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y and the full window. XMAG is less concentrated, with 18.6% 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 | XMAG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $876.4B | $182M |
| Dividend Yield | 1.06% | 0.46% |
| Holdings | 508 | 992 |
| YTD Return | +12.27% | +12.97%Best |
| 1Y Return | +17.04%Best | +16.65% |
| 3Y Return (annualized) | +21.24% | - |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 12.8% | 11.9%Best |
| Max Drawdown | -18.8% | -16.2%Best |
| $10,000 over 1.9 years | $13,353Best | $12,882 |
| Top 10 Weight | 37.8% | 18.6%Best |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Oct 21, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 22, 2024 to Sep 17, 2026 (1.9 years).
IVV vs XMAG 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 1.9 years both funds cover.
IVV vs XMAG Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Defiance Large Cap ex-Mag 7 ETF (XMAG) is an ETF from Defiance ETFs, LLC. Over the past year IVV returned +17.04% while XMAG returned +16.65%. Year to date, IVV is up 12.27% versus a gain of 12.97% for XMAG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 11.9% 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 -18.8% for IVV and -16.2% for XMAG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.46% for XMAG.
Holdings Overlap
63.0% of IVV's money is in holdings XMAG also owns. 93.0% of XMAG's money is in holdings IVV also owns.
Most of XMAG is already inside IVV. Owning both mostly buys the same companies twice.
413 positions in common, counted across the 490 positions we hold weights for in IVV and 493 in XMAG, against full books of 508 and 992.
What only one of them owns
Our book lists 72 positions for XMAG that do not appear in our book for IVV (6.4% of the fund), and 70 for IVV that do not appear in XMAG (35.7%).
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 XMAG | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.65% | 2.71% | 0.06% |
| MUMicron Technology, Inc. | 1.63% | 2.48% | 0.85% |
| LLYEli Lilly & Co. | 1.38% | 2.26% | 0.88% |
| JPMJpmorgan Chase | 1.44% | 2.19% | 0.75% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 1.62% | 0.23% |
| AMDAdvanced Micro Devices Inc | 1.16% | 1.76% | 0.60% |
| XOMExxon Mobil Corp. | 1.01% | 1.53% | 0.52% |
| JNJJohnson & Johnson - Common | 0.97% | 1.49% | 0.52% |
| VVisa Inc Class A | 0.95% | 1.45% | 0.50% |
| MAMastercard Inc | 0.72% | 1.05% | 0.33% |
93.0% of XMAG 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.
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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, by $32 a year on a $10,000 investment.
Which performed better, IVV or XMAG?
Over the past year IVV returned +17.04% vs +16.65% for XMAG, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +16.44% vs +14.26% for XMAG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or XMAG?
IVV has been the more volatile fund at 12.8% annualized versus 11.9% for XMAG. Worst drawdown: IVV -18.8% vs XMAG -16.2%.
Should I hold both IVV and XMAG?
IVV and XMAG have a monthly-return correlation of 0.86, 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 XMAG?
93.0% of XMAG's money is in holdings IVV also owns. 93.0% of XMAG's is in holdings IVV also owns. They hold 413 positions in common, counted across the 490 positions we hold weights for in IVV and 493 in XMAG.
Which pays a higher dividend, IVV or XMAG?
IVV yields 1.06% while XMAG yields 0.46%, so IVV currently pays the higher dividend yield.
Is XMAG better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. XMAG is less concentrated, with 18.6% 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.