CVAR vs IVV
Cultivar ETF vs iShares Core S&P 500 ETF
Which is better, CVAR or IVV?
Mid Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. CVAR is less concentrated, with 25.1% of the fund in its ten largest positions against 38.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVAR | IVV |
|---|---|---|
| Expense Ratio | 0.87% | 0.03%Best |
| AUM | $45M | $896.5B |
| Dividend Yield | 1.37% | 1.10% |
| Holdings | 271 | 508 |
| YTD Return | +8.68% | +13.59%Best |
| 1Y Return | +10.09% | +17.54%Best |
| 3Y Return (annualized) | +12.44% | +22.46%Best |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 15.8% | 15.6%Best |
| Max Drawdown | -19.4%Best | -24.5% |
| $10,000 over 4.8 years | $13,535 | $17,466Best |
| Top 10 Weight | 25.1%Best | 38.9% |
| Fund Family | Cultivar ETF | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Dec 22, 2021 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 23, 2021 to Oct 14, 2026 (4.8 years).
CVAR vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.8 years both funds cover.
CVAR vs IVV Performance
Cultivar ETF (CVAR) is an ETF from Cultivar ETF and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CVAR returned +10.09% while IVV returned +17.54%. Year to date, CVAR is up 8.68% versus a gain of 13.59% for IVV.
Over three years, CVAR compounded at +12.44% per year against +22.46% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVAR has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.6% 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 -19.4% for CVAR and -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVAR charges 0.87% per year while IVV charges 0.03%. On a $10,000 position that is $87 vs $3 annually, a gap of $84 per year that compounds over a long holding period. On income, CVAR currently yields 1.37% against 1.10% for IVV.
Holdings Overlap
57.4% of CVAR's money is in holdings IVV also owns. 4.4% of IVV's money is in holdings CVAR also owns.
The two portfolios partly overlap.
50 positions in common, counted across the 90 positions we hold weights for in CVAR and 506 in IVV, against full books of 271 and 508.
What only one of them owns
Our book lists 450 positions for IVV that do not appear in our book for CVAR (95.0% of the fund), and 33 for CVAR that do not appear in IVV (35.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVAR | Weight in IVV | Difference |
|---|---|---|---|
| ILMNIllumina, Inc. | 2.71% | 0.06% | 2.65% |
| KMBKimberly-Clark Corp. | 2.41% | 0.05% | 2.36% |
| VEEVVeeva Systems Inc | 2.27% | 0.06% | 2.21% |
| AREAlexandria Real Estate Equities Inc. | 2.13% | 0.01% | 2.12% |
| HUMHumana Inc. | 1.99% | 0.07% | 1.92% |
| DGDollar General Corp. | 1.87% | 0.04% | 1.83% |
| ACNAccenture Plc | 1.63% | 0.20% | 1.43% |
| CRMSalesforce Inc Crm Us Equity | 1.53% | 0.29% | 1.24% |
| UNHUnitedhealth Group Incorporated | 1.29% | 0.50% | 0.79% |
| INTUIntuit, Inc. | 1.62% | 0.12% | 1.50% |
57.4% of CVAR is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CVAR or IVV?
CVAR has an expense ratio of 0.87% while IVV charges 0.03%. IVV is the cheaper option, by $84 a year on a $10,000 investment.
Which performed better, CVAR or IVV?
Over the past year CVAR returned +10.09% vs +17.54% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVAR or IVV?
CVAR has been the more volatile fund at 15.8% annualized versus 15.6% for IVV. Worst drawdown: CVAR -19.4% vs IVV -24.5%.
Should I hold both CVAR and IVV?
CVAR and IVV have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVAR and IVV?
57.4% of CVAR's money is in holdings IVV also owns. 4.4% of IVV's is in holdings CVAR also owns. They hold 50 positions in common, counted across the 90 positions we hold weights for in CVAR and 506 in IVV.
Which pays a higher dividend, CVAR or IVV?
CVAR yields 1.37% while IVV yields 1.10%, so CVAR currently pays the higher dividend yield.
Is IVV better than CVAR?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. CVAR is less concentrated, with 25.1% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.