GIAX vs IVV
Nicholas Global Equity and Income ETF vs iShares Core S&P 500 ETF
Which is better, GIAX or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 57.2%.
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 | GIAX | IVV |
|---|---|---|
| Expense Ratio | 1.03% | 0.03%Best |
| AUM | $115M | $896.5B |
| Dividend Yield | 24.34% | 1.10% |
| Holdings | 87 | 508 |
| YTD Return | +12.20% | +13.59%Best |
| 1Y Return | +12.86% | +17.54%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 20.7% | 11.9%Best |
| Max Drawdown | -20.4% | -18.8%Best |
| $10,000 over 2.2 years | $13,082 | $14,581Best |
| Top 10 Weight | 57.2% | 38.9%Best |
| Fund Family | XFunds | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jul 29, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 30, 2024 to Oct 14, 2026 (2.2 years).
GIAX 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 2.2 years both funds cover.
GIAX vs IVV Performance
Nicholas Global Equity and Income ETF (GIAX) is an ETF from XFunds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GIAX returned +12.86% while IVV returned +17.54%. Year to date, GIAX is up 12.20% versus a gain of 13.59% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GIAX has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 11.9% 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 -20.4% for GIAX and -18.8% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GIAX charges 1.03% per year while IVV charges 0.03%. On a $10,000 position that is $103 vs $3 annually, a gap of $100 per year that compounds over a long holding period. On income, GIAX currently yields 24.34% against 1.10% for IVV.
Holdings Overlap
53.2% of GIAX's money is in holdings IVV also owns. 38.0% of IVV's money is in holdings GIAX also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 27 positions we hold weights for in GIAX and 506 in IVV, against full books of 87 and 508.
What only one of them owns
Our book lists 486 positions for IVV that do not appear in our book for GIAX (61.5% of the fund), and 10 for GIAX that do not appear in IVV (39.6%).
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 GIAX | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.14% | 8.44% | 4.30% |
| AAPLApple, Inc | 4.05% | 7.29% | 3.24% |
| MSFTMicrosoft Corp | 4.61% | 5.76% | 1.15% |
| MUMicron Technology, Inc. | 6.72% | 1.87% | 4.85% |
| AMZNAmazon.Com Inc | 3.79% | 3.68% | 0.11% |
| GOOGLAlphabet Inc | 3.73% | 3.00% | 0.73% |
| METAMeta Platforms Inc | 3.59% | 2.42% | 1.17% |
| AVGOBroadcom Inc | 3.28% | 2.47% | 0.81% |
| NOWServicenow, Inc. | 5.00% | 0.22% | 4.78% |
| TSLATesla Inc | 3.07% | 1.51% | 1.56% |
53.2% of GIAX 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, GIAX or IVV?
GIAX has an expense ratio of 1.03% while IVV charges 0.03%. IVV is the cheaper option, by $100 a year on a $10,000 investment.
Which performed better, GIAX or IVV?
Over the past year GIAX returned +12.86% vs +17.54% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), GIAX annualized +12.99% vs +18.70% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GIAX or IVV?
GIAX has been the more volatile fund at 20.7% annualized versus 11.9% for IVV. Worst drawdown: GIAX -20.4% vs IVV -18.8%.
Should I hold both GIAX and IVV?
GIAX and IVV have a monthly-return correlation of 0.82, 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 GIAX and IVV?
53.2% of GIAX's money is in holdings IVV also owns. 38.0% of IVV's is in holdings GIAX also owns. They hold 14 positions in common, counted across the 27 positions we hold weights for in GIAX and 506 in IVV.
Which pays a higher dividend, GIAX or IVV?
GIAX yields 24.34% while IVV yields 1.10%, so GIAX currently pays the higher dividend yield.
Is IVV better than GIAX?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 57.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.