CFG vs. IVV

Last updated Apr 1, 2026

Compare and contrast key facts about Citizens Financial Group, Inc. (CFG) and iShares Core S&P 500 ETF (IVV).

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.

Performance

CFG vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Citizens Financial Group, Inc. (CFG) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

CFG vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFG Citizens Financial Group, Inc.	3.39%	38.60%	38.01%	-11.01%	-13.37%	37.02%	-6.73%	41.84%	-27.44%	19.91%
IVV iShares Core S&P 500 ETF	-4.38%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Returns By Period

In the year-to-date period, CFG achieves a 3.39% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, CFG has outperformed IVV with an annualized return of 15.08%, while IVV has yielded a comparatively lower 14.02% annualized return.

CFG

• 1D: 4.39%
• 1M: -0.37%
• YTD: 3.39%
• 6M: 14.63%
• 1Y: 51.73%
• 3Y*: 31.22%
• 5Y*: 10.47%
• 10Y*: 15.08%

IVV

• 1D: 2.88%
• 1M: -4.99%
• YTD: -4.38%
• 6M: -1.80%
• 1Y: 17.69%
• 3Y*: 18.29%
• 5Y*: 11.76%
• 10Y*: 14.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CFG vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CFG

CFG Risk / Return Rank: 84
CFG Sharpe Ratio Rank: 86
CFG Sortino Ratio Rank: 79
CFG Omega Ratio Rank: 84
CFG Calmar Ratio Rank: 86
CFG Martin Ratio Rank: 86

IVV

IVV Risk / Return Rank: 65
IVV Sharpe Ratio Rank: 58
IVV Sortino Ratio Rank: 62
IVV Omega Ratio Rank: 66
IVV Calmar Ratio Rank: 65
IVV Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CFG vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Citizens Financial Group, Inc. (CFG) 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.

	CFG	IVV	Difference
Sharpe ratio Return per unit of total volatility	1.59	0.97	+0.62
Sortino ratio Return per unit of downside risk	2.03	1.49	+0.54
Omega ratio Gain probability vs. loss probability	1.31	1.23	+0.08
Calmar ratio Return relative to maximum drawdown	2.97	1.53	+1.44
Martin ratio Return relative to average drawdown	8.29	7.32	+0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFG vs. IVV - Sharpe Ratio Comparison

The current CFG Sharpe Ratio is 1.59, which is higher than the IVV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of CFG and IVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CFG	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	0.97	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.70	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.78	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.42	-0.08

Correlation

The correlation between CFG and IVV is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CFG vs. IVV - Dividend Comparison

CFG's dividend yield for the trailing twelve months is around 2.93%, more than IVV's 1.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFG Citizens Financial Group, Inc.	2.93%	2.94%	3.84%	5.07%	4.11%	3.30%	4.36%	3.35%	3.30%	1.52%	1.29%	1.53%
IVV iShares Core S&P 500 ETF	1.23%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Drawdowns

CFG vs. IVV - Drawdown Comparison

The maximum CFG drawdown since its inception was -65.60%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CFG and IVV.

Drawdown Indicators

	CFG	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-65.60%	-55.25%	-10.35%
Max Drawdown (1Y) Largest decline over 1 year	-18.32%	-12.06%	-6.26%
Max Drawdown (5Y) Largest decline over 5 years	-56.19%	-24.53%	-31.66%
Max Drawdown (10Y) Largest decline over 10 years	-65.60%	-33.90%	-31.70%
Current Drawdown Current decline from peak	-11.96%	-6.26%	-5.70%
Average Drawdown Average peak-to-trough decline	-18.12%	-10.85%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	2.53%	+4.04%

Volatility

CFG vs. IVV - Volatility Comparison

Citizens Financial Group, Inc. (CFG) has a higher volatility of 8.03% compared to iShares Core S&P 500 ETF (IVV) at 5.30%. This indicates that CFG's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFG	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.03%	5.30%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	20.85%	9.45%	+11.40%
Volatility (1Y) Calculated over the trailing 1-year period	32.80%	18.31%	+14.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.14%	16.89%	+17.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.28%	18.04%	+20.24%