IAT vs. IVV
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and iShares Core S&P 500 ETF (IVV).
IAT and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006. 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 IAT 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.
Performance
IAT vs. IVV - Performance Comparison
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IAT vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | -1.89% | 13.05% | 24.36% | -8.53% | -20.61% | 38.89% | -7.60% | 31.38% | -17.45% | 10.42% |
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, IAT achieves a -1.89% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, IAT has underperformed IVV with an annualized return of 8.31%, while IVV has yielded a comparatively higher 14.02% annualized return.
IAT
- 1D
- 3.16%
- 1M
- -3.69%
- YTD
- -1.89%
- 6M
- 4.08%
- 1Y
- 19.12%
- 3Y*
- 18.64%
- 5Y*
- 1.94%
- 10Y*
- 8.31%
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%
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IAT vs. IVV - Expense Ratio Comparison
IAT has a 0.42% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
IAT vs. IVV — Risk / Return Rank
IAT
IVV
IAT vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.
| IAT | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.97 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.49 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.53 | -0.35 |
Martin ratioReturn relative to average drawdown | 3.13 | 7.32 | -4.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAT | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.97 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.70 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.78 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.42 | -0.33 |
Correlation
The correlation between IAT and IVV is 0.69, 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
IAT vs. IVV - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 3.01%, more than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 3.01% | 2.94% | 2.95% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.55% | 1.52% | 1.78% |
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
IAT vs. IVV - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.22%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IAT and IVV.
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Drawdown Indicators
| IAT | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.22% | -55.25% | -21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -12.06% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -55.55% | -24.53% | -31.02% |
Max Drawdown (10Y)Largest decline over 10 years | -55.55% | -33.90% | -21.65% |
Current DrawdownCurrent decline from peak | -13.87% | -6.26% | -7.61% |
Average DrawdownAverage peak-to-trough decline | -27.14% | -10.85% | -16.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 2.53% | +4.09% |
Volatility
IAT vs. IVV - Volatility Comparison
iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 5.92% compared to iShares Core S&P 500 ETF (IVV) at 5.30%. This indicates that IAT'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.
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Volatility by Period
| IAT | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 5.30% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 16.94% | 9.45% | +7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.33% | 18.31% | +9.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.09% | 16.89% | +12.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.80% | 18.04% | +12.76% |