IVV vs XYLG
iShares Core S&P 500 ETF vs Global X S&P 500 Covered Call & Growth 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 | XYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $65M | |
| Dividend Yield | 1.10% | 13.11% | |
| Holdings | 508 | 506 | |
| YTD Return | +12.71% | +10.85% | |
| 1Y Return | +21.89% | +20.53% | |
| 3Y Return (annualized) | +22.08% | +17.22% | |
| 5Y Return (annualized) | +12.96% | +10.21% | |
| Volatility (annualized) | 15.1% | 12.1% | |
| Max Drawdown | -56.5% | -21.3% | |
| Fund Family | iShares by BlackRock (US) | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 18, 2020 |
IVV vs XYLG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Global X S&P 500 Covered Call & Growth ETF (XYLG) is a ETF from Global X by mirae Asset. Over the past year IVV returned +21.89% while XYLG returned +20.53%. Year to date, IVV is up 12.71% versus a gain of 10.85% for XYLG.
Over three years, IVV compounded at +22.08% per year against +17.22% for XYLG; over five years the annualized figures are +12.96% and +10.21% respectively. Across the full 6-year window we track, XYLG has the edge at +13.16% 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 12.1% for XYLG. 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 -21.3% for XYLG. 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 0.98. 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 XYLG 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 1.10% against 13.11% for XYLG.
Holdings Overlap
IVV and XYLG share 481 holdings out of 513 unique holdings combined, representing a 95.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or XYLG?
IVV has an expense ratio of 0.03% while XYLG charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or XYLG?
Over the past year IVV returned +21.89% vs +20.53% for XYLG, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.00% vs +13.16% for XYLG. Past performance does not guarantee future results.
Which is riskier, IVV or XYLG?
IVV has been the more volatile fund at 15.1% annualized versus 12.1% for XYLG. Worst drawdown: IVV -56.5% vs XYLG -21.3%.
Should I hold both IVV and XYLG?
IVV and XYLG have a monthly-return correlation of 0.98, 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 XYLG?
IVV and XYLG share 481 common holdings with a 95.3% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or XYLG?
IVV yields 1.10% while XYLG yields 13.11%, so XYLG currently pays the higher dividend yield.
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