IVV vs LYLD
iShares Core S&P 500 ETF vs Cambria LargeCap Shareholder Yield ETF
Which is better, IVV or LYLD?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over the full window, LYLD over 1Y. LYLD is less concentrated, with 25.7% 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 | IVV | LYLD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.59% |
| AUM | $896.5B | $9M |
| Dividend Yield | 1.10% | 2.22% |
| Holdings | 508 | 104 |
| YTD Return | +13.59% | +17.25%Best |
| 1Y Return | +17.54% | +21.96%Best |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 11.9%Best | 13.5% |
| Max Drawdown | -18.8% | -18.6%Best |
| $10,000 over 2.3 years | $14,223Best | $13,577 |
| Top 10 Weight | 38.9% | 25.7%Best |
| Fund Family | iShares by BlackRock (US) | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Jul 12, 2024 |
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 12, 2024 to Oct 14, 2026 (2.3 years).
IVV vs LYLD 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 2.3 years both funds cover.
IVV vs LYLD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Cambria LargeCap Shareholder Yield ETF (LYLD) is an ETF from Cambria Investment Management. Over the past year IVV returned +17.54% while LYLD returned +21.96%. Year to date, IVV is up 13.59% versus a gain of 17.25% for LYLD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LYLD has been the more volatile fund, with annualized monthly volatility of 13.5% 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 -18.8% for IVV and -18.6% for LYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while LYLD charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.22% for LYLD.
Holdings Overlap
4.3% of IVV's money is in holdings LYLD also owns. 79.4% of LYLD's money is in holdings IVV also owns.
Most of LYLD is already inside IVV. Owning both mostly buys the same companies twice.
40 positions in common, counted across the 506 positions we hold weights for in IVV and 51 in LYLD, against full books of 508 and 104.
What only one of them owns
Our book lists 11 positions for LYLD that do not appear in our book for IVV (20.6% of the fund), and 460 for IVV that do not appear in LYLD (95.2%).
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 LYLD | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp | 0.18% | 3.12% | 2.94% |
| XOMExxonmobil Corp. | 1.02% | 2.23% | 1.21% |
| VLOValero Energy | 0.18% | 3.01% | 2.83% |
| COPConocophillips Common Stock USD 0.01 | 0.23% | 2.23% | 2.00% |
| PFEPfizer Inc | 0.24% | 2.21% | 1.97% |
| APAApa Corp | 0.02% | 2.43% | 2.41% |
| NEMNewmont Corp Common | 0.18% | 2.24% | 2.06% |
| PYPLPaypal Holdings Inc | 0.07% | 2.34% | 2.27% |
| FOXAFox Corp. Class A | 0.02% | 2.35% | 2.33% |
| TAT&T Inc. | 0.25% | 2.02% | 1.77% |
79.4% of LYLD 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 LYLD?
IVV has an expense ratio of 0.03% while LYLD charges 0.59%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, IVV or LYLD?
Over the past year IVV returned +17.54% vs +21.96% for LYLD, so LYLD leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +16.55% vs +14.22% for LYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LYLD?
LYLD has been the more volatile fund at 13.5% annualized versus 11.9% for IVV. Worst drawdown: IVV -18.8% vs LYLD -18.6%.
Should I hold both IVV and LYLD?
IVV and LYLD have a monthly-return correlation of 0.52, 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 LYLD?
79.4% of LYLD's money is in holdings IVV also owns. 79.4% of LYLD's is in holdings IVV also owns. They hold 40 positions in common, counted across the 506 positions we hold weights for in IVV and 51 in LYLD.
Which pays a higher dividend, IVV or LYLD?
IVV yields 1.10% while LYLD yields 2.22%, so LYLD currently pays the higher dividend yield.
Is LYLD better than IVV?
IVV has a lower expense ratio. IVV led over the full window, LYLD over 1Y. LYLD is less concentrated, with 25.7% 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.