IVV vs XPAY
iShares Core S&P 500 ETF vs Roundhill S&P 500 Target 20 Managed Distribution 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 | XPAY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $865.2B | $160M | |
| Dividend Yield | 1.09% | 12.78% | |
| Holdings | 508 | 18 | |
| YTD Return | +13.72% | +11.32% | |
| 1Y Return | +21.64% | +18.89% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 13.3% | |
| Max Drawdown | -56.5% | -18.2% | |
| Fund Family | iShares by BlackRock (US) | Roundhill Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 31, 2024 |
IVV vs XPAY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) is a ETF from Roundhill Investments. Over the past year IVV returned +21.64% while XPAY returned +18.89%. Year to date, IVV is up 13.72% versus a gain of 11.32% for XPAY.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.3% for XPAY. 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 -18.2% for XPAY. 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 0.99. 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 XPAY charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 12.78% for XPAY.
Holdings Overlap
IVV and XPAY share 0 holdings out of 506 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 XPAY?
IVV has an expense ratio of 0.03% while XPAY charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or XPAY?
Over the past year IVV returned +21.64% vs +18.89% for XPAY, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +18.09% for XPAY. Past performance does not guarantee future results.
Which is riskier, IVV or XPAY?
IVV has been the more volatile fund at 15.1% annualized versus 13.3% for XPAY. Worst drawdown: IVV -56.5% vs XPAY -18.2%.
Should I hold both IVV and XPAY?
IVV and XPAY have a monthly-return correlation of 0.99, 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 XPAY?
IVV and XPAY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or XPAY?
IVV yields 1.09% while XPAY yields 12.78%, so XPAY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.