IVV.AX vs. IVV
IVV.AX (iShares S&P 500 ETF) and IVV (iShares Core S&P 500 ETF) are both S&P 500 funds from iShares - IVV.AX tracks the S&P 500 Net TR Index (AUD) while IVV tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, IVV.AX returned 15.60%/yr vs 15.85%/yr for IVV. At a 0.13 correlation, their price movements are largely independent. IVV.AX charges 0.04%/yr vs 0.03%/yr for IVV.
Performance
IVV.AX vs. IVV - Performance Comparison
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Different Trading Currencies
IVV.AX is traded in AUD, while IVV is traded in USD. To make them comparable, the IVV values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IVV.AX achieves a 3.12% return, which is significantly lower than IVV's 3.76% return. Both investments have delivered pretty close results over the past 10 years, with IVV.AX having a 15.60% annualized return and IVV not far ahead at 15.85%.
IVV.AX
- 1D
- -0.49%
- 1M
- 4.78%
- YTD
- 3.12%
- 6M
- 2.47%
- 1Y
- 15.40%
- 3Y*
- 18.99%
- 5Y*
- 15.43%
- 10Y*
- 15.60%
IVV
- 1D
- 0.00%
- 1M
- 4.96%
- YTD
- 3.76%
- 6M
- 2.70%
- 1Y
- 16.55%
- 3Y*
- 19.50%
- 5Y*
- 15.78%
- 10Y*
- 15.85%
IVV.AX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV.AX iShares S&P 500 ETF | 3.12% | 9.42% | 37.34% | 24.97% | -12.54% | 37.17% | 6.91% | 32.27% | 4.55% | 12.89% |
IVV iShares Core S&P 500 ETF | 4.55% | 9.29% | 37.51% | 26.40% | -12.75% | 36.31% | 8.00% | 31.68% | 5.75% | 12.48% |
Correlation
The correlation between IVV.AX and IVV is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.13 |
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Return for Risk
IVV.AX vs. IVV — Risk / Return Rank
IVV.AX
IVV
IVV.AX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ETF (IVV.AX) 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.
| IVV.AX | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.48 | -0.13 |
| Martin ratioReturn relative to average drawdown | 3.71 | 4.17 | -0.46 |
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
| IVV.AX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.66 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 1.09 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | 0.97 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.73 | 0.00 |
Drawdowns
IVV.AX vs. IVV - Drawdown Comparison
The maximum IVV.AX drawdown since its inception was -38.40%, roughly equal to the maximum IVV drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for IVV.AX and IVV.
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Drawdown Indicators
| IVV.AX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.40% | -38.93% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -11.27% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -17.50% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -21.47% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -23.90% | -24.67% | +0.77% |
Current DrawdownCurrent decline from peak | -0.49% | -0.30% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -9.37% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 3.98% | +0.15% |
Volatility
IVV.AX vs. IVV - Volatility Comparison
iShares S&P 500 ETF (IVV.AX) and iShares Core S&P 500 ETF (IVV) have volatilities of 2.02% and 1.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVV.AX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.93% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 7.49% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.32% | 10.00% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 14.54% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 16.31% | -1.84% |
IVV.AX vs. IVV - Expense Ratio Comparison
IVV.AX has a 0.04% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IVV.AX vs. IVV - Dividend Comparison
IVV.AX's dividend yield for the trailing twelve months is around 0.97%, less than IVV's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
IVV.AX iShares S&P 500 ETF | 0.97% | 1.03% | 1.28% | 1.08% | 1.42% | 1.04% | 1.53% | 2.18% | 1.34% | 1.73% | 1.89% | 2.14% |
Frequently Asked Questions
IVV.AX and IVV have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV is cheaper with a 0.03% expense ratio, compared with 0.04% for IVV.AX.
IVV.AX tracks S&P 500 Net TR Index (AUD), while IVV tracks S&P 500 Index. Their fees differ too: 0.04% for IVV.AX and 0.03% for IVV.
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