BIV vs. IVV
Compare and contrast key facts about Vanguard Intermediate-Term Bond ETF (BIV) and iShares Core S&P 500 ETF (IVV).
BIV and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both BIV and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIV or IVV.
Key characteristics
| BIV | IVV | |
|---|---|---|
| YTD Return | 2.20% | 10.28% |
| 1Y Return | -2.95% | 5.41% |
| 5Y Return (Ann) | 1.43% | 11.01% |
| 10Y Return (Ann) | 1.63% | 11.82% |
| Sharpe Ratio | -0.32 | 0.35 |
| Daily Std Dev | 8.89% | 21.13% |
| Max Drawdown | -18.95% | -55.25% |
Correlation
The correlation between BIV and IVV is -0.23. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
BIV vs. IVV - Performance Comparison
In the year-to-date period, BIV achieves a 2.20% return, which is significantly lower than IVV's 10.28% return. Over the past 10 years, BIV has underperformed IVV with an annualized return of 1.63%, while IVV has yielded a comparatively higher 11.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIV vs. IVV - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 3.32%, more than IVV's 1.91% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | 3.32% | 2.43% | 3.54% | 3.16% | 3.03% | 3.26% | 3.13% | 2.85% | 3.70% | 4.99% | 5.53% | 6.86% |
IVV iShares Core S&P 500 ETF | 1.91% | 1.67% | 1.23% | 1.63% | 2.09% | 2.37% | 1.92% | 2.25% | 2.58% | 2.13% | 2.14% | 2.54% |
BIV vs. IVV - Expense Ratio Comparison
BIV vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond ETF (BIV) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | -0.32 | ||||
IVV iShares Core S&P 500 ETF | 0.35 |
BIV vs. IVV - Drawdown Comparison
The maximum BIV drawdown for the period was -15.83%, roughly equal to the maximum IVV drawdown of -19.87%. The drawdown chart below compares losses from any high point along the way for BIV and IVV
BIV vs. IVV - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond ETF (BIV) is 2.24%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.81%. This indicates that BIV experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.