IVV vs XMLV
IVV vs XMLV
iShares Core S&P 500 ETF vs Invesco S&P MidCap Low Volatility 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 | XMLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $757M | |
| Dividend Yield | 1.09% | 2.93% | |
| Holdings | 508 | 83 | |
| YTD Return | +13.80% | +11.73% | |
| 1Y Return | +23.70% | +13.95% | |
| 3Y Return (annualized) | +21.49% | +11.74% | |
| 5Y Return (annualized) | +13.43% | +7.12% | |
| Volatility (annualized) | 15.1% | 13.4% | |
| Max Drawdown | -56.5% | -40.5% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 12, 2013 |
IVV vs XMLV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P MidCap Low Volatility ETF (XMLV) is a ETF from Invesco (US). Over the past year IVV returned +23.70% while XMLV returned +13.95%. Year to date, IVV is up 13.80% versus a gain of 11.73% for XMLV.
Over three years, IVV compounded at +21.49% per year against +11.74% for XMLV; over five years the annualized figures are +13.43% and +7.12% respectively. Across the full 14-year window we track, XMLV has the edge at +8.68% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.4% for XMLV. 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 -40.5% for XMLV. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while XMLV charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.93% for XMLV.
Holdings Overlap
IVV and XMLV share 0 holdings out of 585 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 XMLV?
IVV has an expense ratio of 0.03% while XMLV charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or XMLV?
Over the past year IVV returned +23.70% vs +13.95% for XMLV, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +7.05% vs +8.68% for XMLV. Past performance does not guarantee future results.
Which is riskier, IVV or XMLV?
IVV has been the more volatile fund at 15.1% annualized versus 13.4% for XMLV. Worst drawdown: IVV -56.5% vs XMLV -40.5%.
Should I hold both IVV and XMLV?
IVV and XMLV have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XMLV?
IVV and XMLV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 585 unique securities.
Which pays a higher dividend, IVV or XMLV?
IVV yields 1.09% while XMLV yields 2.93%, so XMLV currently pays the higher dividend yield.
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