IVV vs XRLV
iShares Core S&P 500 ETF vs Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | XRLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $907.0B | $29M | |
| Dividend Yield | 1.10% | 2.08% | |
| Holdings | 508 | 102 | |
| YTD Return | +12.71% | +6.61% | |
| 1Y Return | +21.89% | +5.58% | |
| 3Y Return (annualized) | +22.08% | +8.59% | |
| 5Y Return (annualized) | +12.96% | +8.58% | |
| Volatility (annualized) | 15.1% | 13.5% | |
| Max Drawdown | -56.5% | -38.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 6, 2015 |
IVV vs XRLV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) is a ETF from Invesco (US). Over the past year IVV returned +21.89% while XRLV returned +5.58%. Year to date, IVV is up 12.71% versus a gain of 6.61% for XRLV.
Over three years, IVV compounded at +22.08% per year against +8.59% for XRLV; over five years the annualized figures are +12.96% and +8.58% respectively. Across the full 11-year window we track, XRLV has the edge at +9.89% annualized vs +7.00%. 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 13.5% for XRLV. 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 -38.3% for XRLV. 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 XRLV 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 1.10% against 2.08% for XRLV.
Holdings Overlap
IVV and XRLV share 99 holdings out of 506 unique holdings combined, representing a 14.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or XRLV?
IVV has an expense ratio of 0.03% while XRLV 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 XRLV?
Over the past year IVV returned +21.89% vs +5.58% for XRLV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.00% vs +9.89% for XRLV. Past performance does not guarantee future results.
Which is riskier, IVV or XRLV?
IVV has been the more volatile fund at 15.1% annualized versus 13.5% for XRLV. Worst drawdown: IVV -56.5% vs XRLV -38.3%.
Should I hold both IVV and XRLV?
IVV and XRLV 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 XRLV?
IVV and XRLV share 99 common holdings with a 14.4% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or XRLV?
IVV yields 1.10% while XRLV yields 2.08%, so XRLV currently pays the higher dividend yield.
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