IVV vs SYLD
iShares Core S&P 500 ETF vs Cambria Shareholder Yield ETF
Which is better, IVV or SYLD?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SYLD over 1Y. SYLD is less concentrated, with 10.4% 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 | SYLD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.59% |
| AUM | $896.5B | $987M |
| Dividend Yield | 1.10% | 1.82% |
| Holdings | 508 | 200 |
| YTD Return | +13.59% | +16.89%Best |
| 1Y Return | +17.54% | +21.10%Best |
| 3Y Return (annualized) | +22.46%Best | +12.08% |
| 5Y Return (annualized) | +13.28%Best | +7.60% |
| Volatility (annualized) | 14.4%Best | 19.8% |
| Max Drawdown | -33.9%Best | -45.4% |
| $10,000 over 5 years | $18,654Best | $14,423 |
| Top 10 Weight | 38.9% | 10.4%Best |
| Fund Family | iShares by BlackRock (US) | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | May 13, 2013 |
Volatility and max drawdown are measured over the window both funds cover: May 14, 2013 to Oct 14, 2026 (13.4 years).
IVV vs SYLD 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 13.4 years both funds cover.
IVV vs SYLD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Cambria Shareholder Yield ETF (SYLD) is an ETF from Cambria Investment Management. Over the past year IVV returned +17.54% while SYLD returned +21.10%. Year to date, IVV is up 13.59% versus a gain of 16.89% for SYLD.
Over three years, IVV compounded at +22.46% per year against +12.08% for SYLD; over five years the annualized figures are +13.28% and +7.60% respectively. Across the full 13-year window we track, IVV has the edge at +12.81% annualized vs +12.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SYLD has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 14.4% 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 -33.9% for IVV and -45.4% for SYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SYLD 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 1.82% for SYLD.
Holdings Overlap
4.4% of IVV's money is in holdings SYLD also owns. 39.0% of SYLD's money is in holdings IVV also owns.
The two portfolios partly overlap.
39 positions in common, counted across the 506 positions we hold weights for in IVV and 101 in SYLD, against full books of 508 and 200.
What only one of them owns
Our book lists 61 positions for SYLD that do not appear in our book for IVV (60.0% of the fund), and 461 for IVV that do not appear in SYLD (95.1%).
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 SYLD | Difference |
|---|---|---|---|
| XOMExxonmobil Corp. | 1.02% | 1.00% | 0.02% |
| VZVerizon Communic | 0.29% | 0.99% | 0.70% |
| DISWalt Disney Co | 0.26% | 1.02% | 0.76% |
| COPConocophillips Common Stock USD 0.01 | 0.23% | 1.02% | 0.79% |
| MPCMarathon Petroleum Corp | 0.18% | 1.06% | 0.88% |
| PFEPfizer Inc | 0.24% | 0.99% | 0.75% |
| VLOValero Energy | 0.18% | 1.05% | 0.87% |
| ELVElevance Health Inc | 0.13% | 1.05% | 0.92% |
| NEMNewmont Corp Common | 0.18% | 0.98% | 0.80% |
| GMGeneral Motors Co | 0.11% | 1.03% | 0.92% |
39.0% of SYLD 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 SYLD?
IVV has an expense ratio of 0.03% while SYLD charges 0.59%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, IVV or SYLD?
Over the past year IVV returned +17.54% vs +21.10% for SYLD, so SYLD leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +12.81% vs +12.04% for SYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SYLD?
SYLD has been the more volatile fund at 19.8% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs SYLD -45.4%.
Should I hold both IVV and SYLD?
IVV and SYLD have a monthly-return correlation of 0.80, 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 SYLD?
39.0% of SYLD's money is in holdings IVV also owns. 39.0% of SYLD's is in holdings IVV also owns. They hold 39 positions in common, counted across the 506 positions we hold weights for in IVV and 101 in SYLD.
Which pays a higher dividend, IVV or SYLD?
IVV yields 1.10% while SYLD yields 1.82%, so SYLD currently pays the higher dividend yield.
Is SYLD better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SYLD over 1Y. SYLD is less concentrated, with 10.4% 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.