IVV vs USVM
iShares Core S&P 500 ETF vs VictoryShares US Small Mid Cap Value Momentum ETF
Which is better, IVV or USVM?
Large Cap Blend against Small Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. USVM is less concentrated, with 6.4% 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 | USVM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.29% |
| AUM | $896.5B | $1.7B |
| Dividend Yield | 1.10% | 1.90% |
| Holdings | 508 | 578 |
| YTD Return | +13.59%Best | +13.16% |
| 1Y Return | +17.54%Best | +16.24% |
| 3Y Return (annualized) | +22.46%Best | +19.25% |
| 5Y Return (annualized) | +13.28%Best | +9.27% |
| Volatility (annualized) | 16.2%Best | 20.2% |
| Max Drawdown | -33.9%Best | -44.1% |
| $10,000 over 5 years | $18,654Best | $15,578 |
| Top 10 Weight | 38.9% | 6.4%Best |
| Fund Family | iShares by BlackRock (US) | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Value |
| Inception | May 15, 2000 | Oct 24, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Oct 26, 2017 to Oct 14, 2026 (9 years).
IVV vs USVM 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 9 years both funds cover.
IVV vs USVM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is an ETF from Victory Capital Management Inc.. Over the past year IVV returned +17.54% while USVM returned +16.24%. Year to date, IVV is up 13.59% versus a gain of 13.16% for USVM.
Over three years, IVV compounded at +22.46% per year against +19.25% for USVM; over five years the annualized figures are +13.28% and +9.27% respectively. Across the full 9-year window we track, IVV has the edge at +14.06% annualized vs +9.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USVM has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 16.2% 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 -44.1% for USVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while USVM charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.90% for USVM.
Holdings Overlap
0.2% of IVV's money is in holdings USVM also owns. 5.3% of USVM's money is in holdings IVV also owns.
USVM and IVV share little of their money.
13 positions in common, counted across the 506 positions we hold weights for in IVV and 292 in USVM, against full books of 508 and 578.
What only one of them owns
Our book lists 273 positions for USVM that do not appear in our book for IVV (92.3% of the fund), and 487 for IVV that do not appear in USVM (99.2%).
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 USVM | Difference |
|---|---|---|---|
| PNWPinnacle West Corp | 0.02% | 0.71% | 0.69% |
| EGEverest Group Ltd Common Stock | 0.02% | 0.58% | 0.56% |
| GLGlobe Life Inc. | 0.02% | 0.58% | 0.56% |
| HSTHost Hotels & Resorts Inc | 0.02% | 0.52% | 0.50% |
| HSICHenry Schein Inc | 0.01% | 0.51% | 0.50% |
| SOLVSolventum Corp | 0.02% | 0.40% | 0.38% |
| UHSUniversal Health Services Inc. | 0.01% | 0.38% | 0.37% |
| SWKSSkyworks Solutions Inc. | 0.02% | 0.33% | 0.31% |
| SWKStanley Black Decker Inc. | 0.02% | 0.32% | 0.30% |
| APAApa Corp | 0.02% | 0.28% | 0.26% |
You are not choosing between two funds in isolation.
Whichever of IVV and USVM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or USVM?
IVV has an expense ratio of 0.03% while USVM charges 0.29%. IVV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, IVV or USVM?
Over the past year IVV returned +17.54% vs +16.24% for USVM, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +14.06% vs +9.50% for USVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or USVM?
USVM has been the more volatile fund at 20.2% annualized versus 16.2% for IVV. Worst drawdown: IVV -33.9% vs USVM -44.1%.
Should I hold both IVV and USVM?
IVV and USVM have a monthly-return correlation of 0.86, 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 USVM?
5.3% of USVM's money is in holdings IVV also owns. 5.3% of USVM's is in holdings IVV also owns. They hold 13 positions in common, counted across the 506 positions we hold weights for in IVV and 292 in USVM.
Which pays a higher dividend, IVV or USVM?
IVV yields 1.10% while USVM yields 1.90%, so USVM currently pays the higher dividend yield.
Is USVM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. USVM is less concentrated, with 6.4% 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.