IVV vs. IVE
Compare and contrast key facts about iShares Core S&P 500 ETF (IVV) and iShares S&P 500 Value ETF (IVE).
IVV and IVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IVE is a passively managed fund by iShares that tracks the performance of the S&P 500 Value Index. It was launched on May 22, 2000. Both IVV and IVE 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
IVV vs. IVE - Performance Comparison
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IVV vs. IVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVE iShares S&P 500 Value ETF | -0.07% | 13.02% | 12.03% | 22.07% | -5.41% | 24.72% | 1.22% | 31.62% | -9.22% | 15.24% |
Returns By Period
In the year-to-date period, IVV achieves a -4.38% return, which is significantly lower than IVE's -0.07% return. Over the past 10 years, IVV has outperformed IVE with an annualized return of 14.02%, while IVE has yielded a comparatively lower 11.25% annualized return.
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%
IVE
- 1D
- 1.70%
- 1M
- -4.58%
- YTD
- -0.07%
- 6M
- 3.10%
- 1Y
- 12.68%
- 3Y*
- 13.69%
- 5Y*
- 10.30%
- 10Y*
- 11.25%
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IVV vs. IVE - Expense Ratio Comparison
IVV has a 0.03% expense ratio, which is lower than IVE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IVV vs. IVE — Risk / Return Rank
IVV
IVE
IVV vs. IVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and iShares S&P 500 Value ETF (IVE). 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 | IVE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 0.82 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.23 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.15 | +0.39 |
Martin ratioReturn relative to average drawdown | 7.32 | 5.38 | +1.94 |
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 | IVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.82 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.72 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.66 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.38 | +0.04 |
Correlation
The correlation between IVV and IVE is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IVV vs. IVE - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.23%, less than IVE's 1.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVE iShares S&P 500 Value ETF | 1.64% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
Drawdowns
IVV vs. IVE - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, smaller than the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for IVV and IVE.
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Drawdown Indicators
| IVV | IVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -61.32% | +6.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -12.00% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -18.04% | -6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -37.04% | +3.14% |
Current DrawdownCurrent decline from peak | -6.26% | -4.58% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -10.17% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.55% | -0.02% |
Volatility
IVV vs. IVE - Volatility Comparison
iShares Core S&P 500 ETF (IVV) has a higher volatility of 5.30% compared to iShares S&P 500 Value ETF (IVE) at 3.82%. This indicates that IVV's price experiences larger fluctuations and is considered to be riskier than IVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVV | IVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 3.82% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 7.70% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 15.61% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 14.45% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 16.98% | +1.06% |