ETFdb Realtime Rating & Analyst Report for IVV
IVV is a passive ETF that seeks to replicate the S&P 500 Index. The index measures the performance of the large capitalization sector of the U.S. equity market.
| ETFdb Category | Expense Ratio | Inception Date | Issuer | Structure | YTD Return * |
|---|---|---|---|---|---|
| Large Cap Blend Equities | 0.09% | 2000-05-15 | iShares | ETF | +5.46% |
* As of 05-24-2012
IVV Realtime Rating: By Metric
| Metric | Metric Realtime Rating | A+ Metric Rated ETF |
|---|---|---|
| Liquidity | A | SPY |
| Expenses | A | FLG |
| Performance | B+ | SPGH |
| Volatility | B+ | SPLV |
| Dividend | B+ | SPLV |
| Concentration | A- | VONE |
The first adjacent table gives investors an individual Realtime Rating for IVV on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Large Cap Blend Equities ETFdb Category with the highest Metric Realtime Rating for each individual field.
IVV Realtime Rating: Overall
| ETFdb Rating Type | Overall Rating | A+ Overall Rated ETF |
|---|---|---|
| Realtime Rating (Overall) | A | VOO |
The second table shows the overall Realtime Rating for IVV, as well as the A+ Overall Rated ETF in IVV's Category. To view information on how the ETFdb Realtime Ratings work, click here.
ETFdb Analyst Report for IVV
Asset Allocation
IVV has become one of the largest ETFs in the world, offering exposure to one of the world's best-known and most widely followed stock indexes. This ETF tracks the S&P 500 Index, which includes many large and well known U.S. firms. As a result, investors should think of this as a play on mega and large cap stocks in the American market. These securities are usually known as 'Blue Chips' and are some of the most famous and profitable companies in the country, including well known names such as ExxonMobil, Apple, IBM, and GE. Given this focus, IVV has obvious appeal as a core holding in a long-term, buy-and-hold portfolio; it offers cheap and relatively balanced exposure to many of the world's largest companies, giving investors a way to own a basket of companies that makes up a sizable portion of global market cap. For investors seeking exposure to the S&P 500 Index, there are multiple ETFs from which to choose. The largest is SPY, but IVV has some structural advantages over the ultra-popular SPDR. SPY is a UIT, an outdated structure that differs slightly from true 1940 Act ETFs such as IVV. This fund has the ability to lend out share (thereby generating some additional revenues) and to reinvest dividends (which can add value if markets generally trend up). As such, IVV is probably a better choice than SPY for those seeking exposure to large cap U.S. stocks as part of a long-term strategy. SPY's more liquid options market may make it useful for those implementing more advanced short-term strategies. Another alternative is VOO, which is slightly cheaper and is eligible for commission free trading within Vanguard accounts. Beyond the S&P 500, RSP may be another alternative worth a closer look; that ETF, which is a bit more expensive, holds all stocks in the S&P 500 but gives an equivalent weighting to each. As such, it might be attractive to investors looking to steer clear of the potential inefficiencies in market cap weighting methodologies.
IVV In-Depth
The following tables and charts contain in-depth metrics for IVV and compare it to similar peer ETFs within its ETFdb Category.
Expense Analysis
This section compares the cost efficiency of IVV to peers in the same ETFdb Category.
| IVV | ETF Average | ETF Wtd. Avgerage |
|---|---|---|
| 0.09% | 0.59% | 0.32% |
Comparative Analysis: Large Cap Blend Equities ETFdb Category
| Lo | Average | Hi | IVV Rank |
|---|---|---|---|
| FLG: 0.05% | 0.40% | FWDD: 1.12% | 4 of 43 |
Commission Free Trading in IVV
IVV is currently available for commission free trading on the following platforms: TD Ameritrade, Fidelity, Firstrade. There are 7 other ETFs in the Large Cap Blend Equities ETFdb Category that are also eligible for commission free trading: FLG (Scottrade), IWB (Fidelity, TD Ameritrade), MGC (Vanguard), SCHX (Charles Schwab), VONE (Vanguard), VOO (Vanguard), VV (Vanguard).
Performance Analysis
This section shows how IVV has performed relative to its peer group ETFdb Category.
| IVV | Category Lo | Category Hi | IVV Rank | |
|---|---|---|---|---|
| 1 Week* | 1.13% | BARL: -10.38% | RSP: 1.66% | 13 of 43 |
| 4 Week* | -5.56% | BARL: -17.17% | LBTA: -0.27% | 23 of 43 |
| 13 Week* | -3.14% | SPHB: -15.65% | SPLV: 2.70% | 20 of 43 |
| 26 Week* | 14.31% | VQT: 0.82% | XLG: 16.69% | 13 of 41 |
| YTD* | 5.46% | BARL: -2.60% | HMTM: 8.98% | 16 of 42 |
| 1 Year* | 1.67% | SPHB: -19.50% | VQT: 14.54% | 16 of 34 |
| 3 Year* | 56.69% | EEH: 36.91% | RSP: 68.43% | 8 of 18 |
| 5 Year* | -5.79% | SPHQ: -14.27% | JKD: 1.59% | 12 of 14 |
* As of 05-24-2012
Volatility Analysis
This section shows how the volatility of IVV compares to the peer group ETFdb Category.
| IVV | Category Lo | Category Hi | IVV Rank | |
|---|---|---|---|---|
| Volatility: 5 Day* | 160.68% | VSPY: 7.24% | RSP: 182.28% | 7 of 43 |
| Volatility: 20 Day* | 11.43% | VQT: 5.17% | BARL: 125.75% | 35 of 43 |
| Volatility: 50 Day* | 12.28% | VQT: 5.74% | BARL: 117.36% | 32 of 42 |
| Volatility: 200 Day* | 11.31% | SPLV: 7.14% | EEH: 46.78% | 29 of 37 |
| Beta* | 1.00 | BARL: -8.22 | SPGH: 2.14 | 25 of 43 |
| Standard Deviation* | 8.23% | SPHQ: 0.87% | VQT: 8.36% | 2 of 31 |
* As of 05-24-2012
Technical Analysis
This section highlights technical strength metrics for IVV.
| Moving Averages * | Support & Resistance * | Williams & Rel. Strength * | |||
|---|---|---|---|---|---|
| 20 Day MA | $135.89 | Lower Bolinger (10Day) | $129.95 | Williams % (10) | 61.36 |
| 60 Day MA | $138.24 | Upper Bolinger (10Day) | $136.29 | Williams % (20) | 76.66 |
| MACD 15 Day | -1.48 | Lower Bolinger (30Day) | $130.75 | Rel. Strength (10) | 37 |
| MACD 100 Day | -3.39 | Upper Bolinger (30Day) | $142.90 | Rel. Strength (20) | 39 |
| Support Level | $132.05 | Rel. Strength (30) | 43 | ||
| Resistance Level | $133.45 | ||||
* As of 05-24-2012
Dividend & Valuation Analysis
This section shows how the dividend yield and P/E multiple of IVV compare to the peer group ETFdb Category.
| IVV | Category Lo | Category Hi | IVV Rank | |
|---|---|---|---|---|
| Annual Dividend Yield* | 1.51% | EEH: 0.00% | SPLV: 3.01% | 16 of 38 |
| P/E Ratio* | n/a | VONE: n/a | SPHQ: 14.16 | 27 of 34 |
* As of 05-24-2012
Concentration Analysis
This section compares how balanced and deep IVV is relative to the peer group ETFdb Category.
| IVV | Category Lo | Category Hi | IVV Rank | |
|---|---|---|---|---|
| Number Of Holdings** | 501 | VSPY: n/a | VONE: 982 | 31 of 38 |
| % Assets In Top 10** | 20.34% | VSPY: n/a | EQL: 100.00% | 17 of 38 |
**As of 2012-05-03
ETF X-Ray**
This section provides a look under the hood of IVV.
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**As of 2012-05-03
Alternative ETFs
Other ETFs in the Large Cap Blend Equities ETFdb Category include:
| Type | Ticker | Expense Ratio | Assets | Avg. Daily Vol | YTD Return |
|---|---|---|---|---|---|
| Cheapest | FLG | 0.05% | $7.7 M | 4,169 | 5.85% |
| Largest (AUM) | SPY | 0.09% | $94,113.3 M | 156,409,719 | 5.60% |
| Most Liquid (Volume) | SPY | 0.09% | $94,113.3 M | 156,409,719 | 5.60% |
| Top YTD Performer | HMTM | 0.20% | $5.0 M | 717 | 8.98% |
© 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
