IVV vs XMVM
iShares Core S&P 500 ETF vs Invesco S&P MidCap Value with Momentum ETF
Quick Verdict
IVV has a lower expense ratio. XMVM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | XMVM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $502M | |
| Dividend Yield | 1.09% | 1.88% | |
| Holdings | 508 | 81 | |
| YTD Return | +14.50% | +17.88% | |
| 1Y Return | +22.02% | +32.47% | |
| 3Y Return (annualized) | +21.80% | +18.23% | |
| 5Y Return (annualized) | +13.37% | +12.02% | |
| Volatility (annualized) | 15.1% | 19.1% | |
| Max Drawdown | -56.5% | -63.8% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 3, 2005 |
IVV vs XMVM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P MidCap Value with Momentum ETF (XMVM) is a ETF from Invesco (US). Over the past year IVV returned +22.02% while XMVM returned +32.47%. Year to date, IVV is up 14.50% versus a gain of 17.88% for XMVM.
Over three years, IVV compounded at +21.80% per year against +18.23% for XMVM; over five years the annualized figures are +13.37% and +12.02% respectively. Across the full 21-year window we track, XMVM has the edge at +8.25% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMVM has been the more volatile fund, with annualized monthly volatility of 19.1% 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 -63.8% for XMVM. 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 XMVM charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.88% for XMVM.
Holdings Overlap
IVV and XMVM 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 XMVM?
IVV has an expense ratio of 0.03% while XMVM charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or XMVM?
Over the past year IVV returned +22.02% vs +32.47% for XMVM, so XMVM leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.07% vs +8.25% for XMVM. Past performance does not guarantee future results.
Which is riskier, IVV or XMVM?
XMVM has been the more volatile fund at 19.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XMVM -63.8%.
Should I hold both IVV and XMVM?
IVV and XMVM 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 XMVM?
IVV and XMVM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 585 unique securities.
Which pays a higher dividend, IVV or XMVM?
IVV yields 1.09% while XMVM yields 1.88%, so XMVM currently pays the higher dividend yield.
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