IUS vs IVV
Invesco RAFI Strategic US ETF vs iShares Core S&P 500 ETF
Which is better, IUS or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IUS led over 1Y, 5Y and the full window, IVV over 3Y. The two have moved almost in lockstep, correlation 0.94. IUS is less concentrated, with 26.8% of the fund in its ten largest positions against 38.1%.
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 | IUS | IVV |
|---|---|---|
| Expense Ratio | 0.19% | 0.03%Best |
| AUM | $964M | $882.6B |
| Dividend Yield | 1.21% | 1.06% |
| Holdings | 1,082 | 508 |
| YTD Return | +23.14%Best | +14.84% |
| 1Y Return | +29.97%Best | +18.70% |
| 3Y Return (annualized) | +22.72% | +22.93%Best |
| 5Y Return (annualized) | +15.61%Best | +13.91% |
| Volatility (annualized) | 16.6%Best | 16.8% |
| Max Drawdown | -35.2% | -33.9%Best |
| $10,000 over 5 years | $20,653Best | $19,178 |
| Top 10 Weight | 26.8%Best | 38.1% |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 12, 2018 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 12, 2018 to Oct 13, 2026 (8.1 years).
IUS 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 8.1 years both funds cover.
IUS vs IVV Performance
Invesco RAFI Strategic US ETF (IUS) is an ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year IUS returned +29.97% while IVV returned +18.70%. Year to date, IUS is up 23.14% versus a gain of 14.84% for IVV.
Over three years, IUS compounded at +22.72% per year against +22.93% for IVV; over five years the annualized figures are +15.61% and +13.91% respectively. Across the full 8-year window we track, IUS has the edge at +15.03% annualized vs +14.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 16.6% for IUS. 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 -35.2% for IUS and -33.9% 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IUS charges 0.19% per year while IVV charges 0.03%. On a $10,000 position that is $19 vs $3 annually, a gap of $16 per year that compounds over a long holding period. On income, IUS currently yields 1.21% against 1.06% for IVV.
Holdings Overlap
90.9% of IUS's money is in holdings IVV also owns. 85.3% of IVV's money is in holdings IUS also owns.
Most of IUS is already inside IVV. Owning both mostly buys the same companies twice.
375 positions in common, counted across the 538 positions we hold weights for in IUS and 505 in IVV, against full books of 1,082 and 508.
What only one of them owns
Our book lists 124 positions for IVV that do not appear in our book for IUS (14.0% of the fund), and 154 for IUS that do not appear in IVV (8.4%).
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 IUS | Weight in IVV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 4.19% | 7.39% | 3.20% |
| NVDANvidia Corp | 2.10% | 8.00% | 5.90% |
| MSFTMicrosoft Corp | 3.90% | 5.57% | 1.67% |
| GOOGLAlphabet Inc,class A | 3.46% | 3.00% | 0.46% |
| AMZNAmazon.Com Inc | 2.66% | 3.80% | 1.14% |
| METAMeta Platforms Inc | 2.69% | 2.15% | 0.54% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.64% | 1.42% | 1.22% |
| XOMExxon Mobil Corp. | 2.31% | 1.04% | 1.27% |
| AVGOBroadcom Inc | 0.72% | 2.59% | 1.87% |
| MUMicron Technology, Inc. | 0.52% | 1.66% | 1.14% |
90.9% of IUS 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, IUS or IVV?
IUS has an expense ratio of 0.19% while IVV charges 0.03%. IVV is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, IUS or IVV?
Over the past year IUS returned +29.97% vs +18.70% for IVV, so IUS leads on 1-year performance. Over the longest common window we track (8 years), IUS annualized +15.03% vs +14.10% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IUS or IVV?
IVV has been the more volatile fund at 16.8% annualized versus 16.6% for IUS. Worst drawdown: IUS -35.2% vs IVV -33.9%.
Should I hold both IUS and IVV?
IUS and IVV have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IUS and IVV?
90.9% of IUS's money is in holdings IVV also owns. 85.3% of IVV's is in holdings IUS also owns. They hold 375 positions in common, counted across the 538 positions we hold weights for in IUS and 505 in IVV.
Which pays a higher dividend, IUS or IVV?
IUS yields 1.21% while IVV yields 1.06%, so IUS currently pays the higher dividend yield.
Is IVV better than IUS?
IVV has a lower expense ratio. IUS led over 1Y, 5Y and the full window, IVV over 3Y. The two have moved almost in lockstep, correlation 0.94. IUS is less concentrated, with 26.8% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.