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IYY vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IYY vs. IVV

Last updated Jun 4, 2026

IYY (iShares Dow Jones U.S. ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IYY is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IYY returned 15.01%/yr vs 15.54%/yr for IVV. With a 0.97 correlation, they move nearly in lockstep. IYY charges 0.20%/yr vs 0.03%/yr for IVV.

Performance

IYY vs. IVV - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with IYY having a 10.92% return and IVV slightly lower at 10.85%. Both investments have delivered pretty close results over the past 10 years, with IYY having a 15.01% annualized return and IVV not far ahead at 15.54%.

IYY

1D
-0.73%
1M
5.06%
YTD
10.92%
6M
10.83%
1Y
27.47%
3Y*
22.10%
5Y*
12.92%
10Y*
15.01%

IVV

1D
-0.76%
1M
4.97%
YTD
10.85%
6M
10.87%
1Y
28.00%
3Y*
22.43%
5Y*
13.88%
10Y*
15.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IYY vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IYY
iShares Dow Jones U.S. ETF		10.92%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%
IVV
iShares Core S&P 500 ETF		10.85%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Correlation

The correlation between IYY and IVV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2000

0.97

The correlation between IYY and IVV has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

IYY vs. IVV - Sectors Allocation Comparison

Sectors
IYY
IVV

Technology

34.8%
35.6%

Financial Services

12.0%
11.8%

Communication Services

10.7%
11.2%

Consumer Cyclical

10.2%
10.1%

Industrials

9.0%
8.3%

Healthcare

8.6%
8.5%

Consumer Defensive

4.8%
4.9%

Energy

3.6%
3.5%

Utilities

2.3%
2.4%

Real Estate

2.2%
1.9%

Basic Materials

2.0%
1.8%

Technology

IYY
34.8%
IVV
35.6%

Financial Services

IYY
12.0%
IVV
11.8%

Communication Services

IYY
10.7%
IVV
11.2%

Consumer Cyclical

IYY
10.2%
IVV
10.1%

Industrials

IYY
9.0%
IVV
8.3%

Healthcare

IYY
8.6%
IVV
8.5%

Consumer Defensive

IYY
4.8%
IVV
4.9%

Energy

IYY
3.6%
IVV
3.5%

Utilities

IYY
2.3%
IVV
2.4%

Real Estate

IYY
2.2%
IVV
1.9%

Basic Materials

IYY
2.0%
IVV
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Dow Jones U.S. ETF

iShares Core S&P 500 ETF

Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHB
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

IYY vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IYY
IYY Risk / Return Rank: 6868
Overall Rank
IYY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6868
Sortino Ratio Rank
IYY Omega Ratio Rank: 6868
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7474
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 7070
Overall Rank
IVV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 7070
Sortino Ratio Rank
IVV Omega Ratio Rank: 7070
Omega Ratio Rank
IVV Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVV Martin Ratio Rank: 7575
Martin Ratio Rank
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.

IYY vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.

IYYIVVDifference
Sharpe ratioReturn per unit of total volatility
2.30
2.39

-0.08

Sortino ratioReturn per unit of downside risk
3.16
3.25

-0.09

Omega ratioGain probability vs. loss probability

1.42

1.43

-0.02

Calmar ratioReturn relative to maximum drawdown

3.09

3.17

-0.08

Martin ratioReturn relative to average drawdown

14.19

14.71

-0.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYY vs. IVV - Sharpe Ratio Comparison

The current IYY Sharpe Ratio is 2.30, which is comparable to the IVV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of IYY and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IYYIVVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

2.39

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.83

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

0.86

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.45

-0.01

Drawdowns

IYY vs. IVV - Drawdown Comparison

The maximum IYY drawdown since its inception was -55.17%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IYY and IVV.

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Drawdown Indicators

IYYIVVDifference

Max Drawdown

Largest peak-to-trough decline

-55.17%

-55.25%

+0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-8.89%

-0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-19.06%

-18.75%

-0.31%

Max Drawdown (5Y)

Largest decline over 5 years

-25.46%

-24.53%

-0.93%

Max Drawdown (10Y)

Largest decline over 10 years

-34.90%

-33.90%

-1.00%

Current Drawdown

Current decline from peak

-0.73%

-0.76%

+0.03%

Average Drawdown

Average peak-to-trough decline

-10.84%

-10.78%

-0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

1.91%

+0.03%

Volatility

IYY vs. IVV - Volatility Comparison

iShares Dow Jones U.S. ETF (IYY) and iShares Core S&P 500 ETF (IVV) have volatilities of 2.93% and 2.87%, 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

IYYIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

2.87%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

8.90%

+0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

12.01%

11.80%

+0.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

16.88%

+0.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

18.05%

+0.11%

IYY vs. IVV - Expense Ratio Comparison

IYY has a 0.20% 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

IYY vs. IVV - Dividend Comparison

IYY's dividend yield for the trailing twelve months is around 0.87%, less than IVV's 1.06% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IYY
iShares Dow Jones U.S. ETF		0.87%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%

Frequently Asked Questions

With a correlation of 0.99, IYY and IVV 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.

IYY has higher volatility (2.93%) compared to IVV (2.87%). In terms of maximum drawdown, IYY dropped -55.17% vs IVV's -55.25%.

On 10-year performance, IVV leads with 15.54% vs 15.01% for IYY. On fees, IVV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVV has performed better with a 15.54% return vs 15.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IVV has the higher dividend yield at 1.06%, compared with 0.87% for IYY.

IYY is categorized as Large Cap Blend Equities, while IVV is S&P 500. IYY tracks Dow Jones U.S. Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.20% for IYY and 0.03% for IVV.

IVV currently has the higher Sharpe Ratio (2.39 vs 2.30), 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.

Portfolio Optimizer

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