IVV vs IYF
iShares Core S&P 500 ETF vs iShares US Financials ETF
Which is better, IVV or IYF?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 49.0%.
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 | IVV | IYF |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.37% |
| AUM | $896.5B | $3.7B |
| Dividend Yield | 1.10% | 1.55% |
| Holdings | 508 | 146 |
| YTD Return | +13.59%Best | -1.09% |
| 1Y Return | +17.54%Best | +3.41% |
| 3Y Return (annualized) | +22.46%Best | +20.78% |
| 5Y Return (annualized) | +13.28%Best | +9.79% |
| Volatility (annualized) | 15.1%Best | 19.3% |
| Max Drawdown | -56.5%Best | -80.2% |
| $10,000 over 5 years | $18,654Best | $15,952 |
| Top 10 Weight | 38.9%Best | 49.0% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | May 22, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 31, 2000 to Oct 14, 2026 (26.4 years).
IVV vs IYF 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 26.4 years both funds cover.
IVV vs IYF Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares US Financials ETF (IYF) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.54% while IYF returned +3.41%. Year to date, IVV is up 13.59% versus a loss of 1.09% for IYF.
Over three years, IVV compounded at +22.46% per year against +20.78% for IYF; over five years the annualized figures are +13.28% and +9.79% respectively. Across the full 26-year window we track, IVV has the edge at +6.95% annualized vs +5.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYF has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 15.1% 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 -56.5% for IVV and -80.2% for IYF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IYF charges 0.37%. On a $10,000 position that is $3 vs $37 annually, a gap of $34 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.55% for IYF.
Holdings Overlap
7.6% of IVV's money is in holdings IYF also owns. 75.4% of IYF's money is in holdings IVV also owns.
Most of IYF is already inside IVV. Owning both mostly buys the same companies twice.
63 positions in common, counted across the 506 positions we hold weights for in IVV and 143 in IYF, against full books of 508 and 146.
What only one of them owns
Our book lists 78 positions for IYF that do not appear in our book for IVV (23.9% of the fund), and 437 for IVV that do not appear in IYF (91.8%).
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 IVV | Weight in IYF | Difference |
|---|---|---|---|
| JPMJpmorgan Chase & Co | 1.34% | 11.34% | 10.00% |
| BACBank Amer Secs Inc | 0.53% | 4.13% | 3.60% |
| GSGoldman Sachs & Co Llc | 0.39% | 3.73% | 3.34% |
| WFCWells Fargo And Co Preferred Stock Var | 0.37% | 3.72% | 3.35% |
| CCitigroup Inc. | 0.32% | 3.47% | 3.15% |
| MSMorgan Stanley | 0.34% | 3.43% | 3.09% |
| BLKBlackrock Inc | 0.23% | 2.65% | 2.42% |
| SCHWSchwab Strategic T | 0.24% | 2.62% | 2.38% |
| PGRProgressive Corp. | 0.19% | 2.01% | 1.82% |
| CBChubb Ltd. | 0.18% | 1.90% | 1.72% |
75.4% of IYF 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, IVV or IYF?
IVV has an expense ratio of 0.03% while IYF charges 0.37%. IVV is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, IVV or IYF?
Over the past year IVV returned +17.54% vs +3.41% for IYF, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.95% vs +5.16% for IYF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IYF?
IYF has been the more volatile fund at 19.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IYF -80.2%.
Should I hold both IVV and IYF?
IVV and IYF have a monthly-return correlation of 0.84, 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 IVV and IYF?
75.4% of IYF's money is in holdings IVV also owns. 75.4% of IYF's is in holdings IVV also owns. They hold 63 positions in common, counted across the 506 positions we hold weights for in IVV and 143 in IYF.
Which pays a higher dividend, IVV or IYF?
IVV yields 1.10% while IYF yields 1.55%, so IYF currently pays the higher dividend yield.
Is IYF better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 49.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.