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USB vs. IVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USB vs. IVV

Last updated Jun 13, 2026

USB (U.S. Bancorp) is a stock, while IVV (iShares Core S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, USB returned 7.51%/yr vs 15.47%/yr for IVV. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

USB vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Bancorp (USB) 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

In the year-to-date period, USB achieves a 11.60% return, which is significantly higher than IVV's 9.08% return. Over the past 10 years, USB has underperformed IVV with an annualized return of 7.51%, while IVV has yielded a comparatively higher 15.47% annualized return.

USB

1D
2.27%
1M
10.96%
YTD
11.60%
6M
12.55%
1Y
42.92%
3Y*
27.50%
5Y*
4.36%
10Y*
7.51%

IVV

1D
0.55%
1M
0.36%
YTD
9.08%
6M
9.43%
1Y
25.77%
3Y*
20.95%
5Y*
13.42%
10Y*
15.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USB vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USB
U.S. Bancorp		11.60%16.48%15.62%4.79%-19.13%24.32%-17.85%33.62%-12.36%6.61%
IVV
iShares Core S&P 500 ETF		9.08%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Correlation

The correlation between USB and IVV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.49

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

0.55

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

0.56

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

0.63

The correlation between USB and IVV shifts across timeframes, from 0.45 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

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U.S. Bancorp

iShares Core S&P 500 ETF

Often compared with USB:
USB vs. BACUSB vs. TFCUSB vs. SCHDUSB vs. KEYUSB vs. CFGUSB vs. HBANUSB vs. VOO
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L

Return for Risk

USB vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USB
USB Risk / Return Rank: 8383
Overall Rank
USB Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
USB Sortino Ratio Rank: 8383
Sortino Ratio Rank
USB Omega Ratio Rank: 8383
Omega Ratio Rank
USB Calmar Ratio Rank: 8080
Calmar Ratio Rank
USB Martin Ratio Rank: 8080
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 7070
Overall Rank
IVV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6969
Sortino Ratio Rank
IVV Omega Ratio Rank: 7171
Omega Ratio Rank
IVV Calmar Ratio Rank: 6363
Calmar Ratio Rank
IVV Martin Ratio Rank: 7676
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.

USB vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Bancorp (USB) 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.

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.

USBIVVDifference
Sharpe ratioReturn per unit of total volatility
1.77
2.00

-0.23

Sortino ratioReturn per unit of downside risk
2.41
2.70

-0.29

Omega ratioGain probability vs. loss probability

1.31

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

2.42

2.76

-0.33

Martin ratioReturn relative to average drawdown

6.02

12.43

-6.42

USB vs. IVV - Sharpe Ratio Comparison

The current USB Sharpe Ratio is 1.77, which is comparable to the IVV Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of USB 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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Drawdowns

USB vs. IVV - Drawdown Comparison

The maximum USB drawdown since its inception was -76.08%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for USB and IVV.

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Drawdown Indicators

USBIVVDifference

Max Drawdown

Largest peak-to-trough decline

-76.08%

-55.25%

-20.83%

Max Drawdown (1Y)

Largest decline over 1 year

-16.21%

-8.89%

-7.32%

Max Drawdown (3Y)

Largest decline over 3 years

-30.63%

-18.75%

-11.88%

Max Drawdown (5Y)

Largest decline over 5 years

-52.13%

-24.53%

-27.60%

Max Drawdown (10Y)

Largest decline over 10 years

-52.13%

-33.90%

-18.23%

Current Drawdown

Current decline from peak

-1.88%

-2.35%

+0.47%

Average Drawdown

Average peak-to-trough decline

-15.63%

-10.77%

-4.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.53%

1.97%

+4.56%

Volatility

USB vs. IVV - Volatility Comparison

U.S. Bancorp (USB) has a higher volatility of 7.25% compared to iShares Core S&P 500 ETF (IVV) at 4.37%. This indicates that USB'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

USBIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.25%

4.37%

+2.88%

Volatility (6M)

Calculated over the trailing 6-month period

16.61%

9.59%

+7.02%

Volatility (1Y)

Calculated over the trailing 1-year period

22.27%

12.28%

+9.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.82%

16.95%

+12.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.31%

18.08%

+12.23%

Dividends

USB vs. IVV - Dividend Comparison

USB's dividend yield for the trailing twelve months is around 3.50%, more than IVV's 1.08% yield.

PositionTTM20252024202320222021202020192018201720162015
IVV
iShares Core S&P 500 ETF		1.08%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%
USB
U.S. Bancorp		3.50%3.82%4.14%4.46%4.31%3.13%3.61%2.66%2.93%2.16%2.08%2.37%

Frequently Asked Questions

USB and IVV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USB has higher volatility (7.25%) compared to IVV (4.37%). In terms of maximum drawdown, USB dropped -76.08% vs IVV's -55.25%.

IVV currently has the higher Sharpe Ratio (2.00 vs 1.77), 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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