IVV vs. LRGF

Last updated Jul 26, 2026

IVV (iShares Core S&P 500 ETF) and LRGF (iShares MSCI USA Multifactor ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor. Both are passively managed. Over the past 10 years, IVV returned 14.93%/yr vs 13.48%/yr for LRGF. Their correlation of 0.93 means they have usually moved in the same direction. IVV charges 0.03%/yr vs 0.20%/yr for LRGF.

Performance

IVV vs. LRGF - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with IVV having a 8.96% return and LRGF slightly lower at 8.94%. Over the past 10 years, IVV has outperformed LRGF with an annualized return of 14.93%, while LRGF has yielded a comparatively lower 13.48% annualized return.

IVV

• 1D: 0.10%
• 1M: 0.80%
• 6M: 7.81%
• YTD: 8.96%
• 1Y: 17.37%
• 3Y*: 19.07%
• 5Y*: 12.51%
• 10Y*: 14.93%
• ALL TIME*: 8.41%

LRGF

• 1D: 0.09%
• 1M: 1.20%
• 6M: 8.82%
• YTD: 8.94%
• 1Y: 15.34%
• 3Y*: 19.41%
• 5Y*: 13.20%
• 10Y*: 13.48%
• ALL TIME*: 12.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVV iShares Core S&P 500 ETF	$3.37B	$4.55B	$5.92B
LRGF iShares MSCI USA Multifactor ETF	$11.35M	$13.93M	$11.55M

IVV vs. LRGF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVV iShares Core S&P 500 ETF	8.96%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%
LRGF iShares MSCI USA Multifactor ETF	8.94%	16.48%	26.59%	25.85%	-14.77%	25.01%	11.11%	26.11%	-9.66%	21.13%

Correlation

The correlation between IVV and LRGF is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015	0.93

The correlation between IVV and LRGF has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

IVV vs. LRGF - Sectors Allocation Comparison

Sectors	IVV	LRGF
Technology	38.4%	37.3%
Financial Services	12.0%	11.7%
Communication Services	9.8%	10.0%
Consumer Cyclical	9.2%	10.5%
Healthcare	8.9%	9.4%
Industrials	8.0%	8.3%
Consumer Defensive	4.5%	4.9%
Energy	3.3%	3.1%
Utilities	2.2%	2.0%
Real Estate	1.9%	1.1%
Basic Materials	1.7%	1.8%

Return for Risk

IVV vs. LRGF — Risk / Return Rank

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

IVV

IVV Risk / Return Rank: 61
IVV Sharpe Ratio Rank: 61
IVV Sortino Ratio Rank: 58
IVV Omega Ratio Rank: 59
IVV Calmar Ratio Rank: 58
IVV Martin Ratio Rank: 70

LRGF

LRGF Risk / Return Rank: 52
LRGF Sharpe Ratio Rank: 52
LRGF Sortino Ratio Rank: 51
LRGF Omega Ratio Rank: 50
LRGF Calmar Ratio Rank: 51
LRGF Martin Ratio Rank: 59

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.

IVV vs. LRGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and iShares MSCI USA Multifactor ETF (LRGF). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IVV	LRGF	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.25	+0.16
Sortino ratio: Return per unit of downside risk	1.98	1.77	+0.20
Omega ratio: Gain probability vs. loss probability	1.25	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	2.01	1.78	+0.24
Martin ratio: Return relative to average drawdown	8.66	6.95	+1.71

IVV vs. LRGF - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 1.41, which is comparable to the LRGF Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of IVV and LRGF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVV vs. LRGF - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than LRGF's maximum drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for IVV and LRGF.

Drawdown Indicators

	IVV	LRGF	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-36.03%	-19.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-8.92%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-19.44%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-21.62%	-2.91%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-36.03%	+2.13%
Current Drawdown Current decline from peak	-2.45%	-2.11%	-0.34%
Average Drawdown Average peak-to-trough decline	-10.73%	-4.51%	-6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.28%	-0.22%

Volatility

IVV vs. LRGF - Volatility Comparison

iShares Core S&P 500 ETF (IVV) has a higher volatility of 3.42% compared to iShares MSCI USA Multifactor ETF (LRGF) at 2.90%. This indicates that IVV's price experiences larger fluctuations and is considered to be riskier than LRGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVV	LRGF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	2.90%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	9.83%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	12.69%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	17.07%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	18.28%	-0.23%

IVV vs. LRGF - Expense Ratio Comparison

IVV has a 0.03% expense ratio, which is lower than LRGF's 0.20% 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%.

Dividends

IVV vs. LRGF - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.10%, which matches LRGF's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.10%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
LRGF iShares MSCI USA Multifactor ETF	1.09%	1.16%	1.23%	1.49%	1.78%	1.05%	1.35%	1.76%	3.27%	1.68%	1.56%	0.83%

Frequently Asked Questions

Can I hold both IVV and LRGF in my portfolio?

With a correlation of 0.98, IVV and LRGF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IVV or LRGF?

IVV has higher volatility (3.42%) compared to LRGF (2.90%). In terms of maximum drawdown, IVV dropped -55.25% vs LRGF's -36.03%.

Which ETF is better, IVV or LRGF?

On 10-year performance, IVV leads with 14.93% vs 13.48% for LRGF. On fees, IVV is cheaper at 0.03% per year. On volatility, LRGF has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVV or LRGF?

Over the 10-year period, IVV has performed better with a 14.93% return vs 13.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVV or LRGF?

IVV is cheaper with a 0.03% expense ratio, compared with 0.20% for LRGF.

Which ETF pays a higher dividend yield, IVV or LRGF?

IVV and LRGF have nearly identical dividend yields, around 1.10%.

What is the main difference between IVV and LRGF?

IVV is categorized as S&P 500, while LRGF is Large Cap Blend Equities. IVV tracks S&P 500 Index, while LRGF tracks MSCI USA Diversified Multi-Factor. Their fees differ too: 0.03% for IVV and 0.20% for LRGF.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.41 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.