CODI vs. IVV
CODI (Compass Diversified) 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, CODI returned 0.82%/yr vs 15.11%/yr for IVV. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
CODI vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, CODI achieves a 110.00% return, which is significantly higher than IVV's 10.13% return. Over the past 10 years, CODI has underperformed IVV with an annualized return of 0.82%, while IVV has yielded a comparatively higher 15.11% annualized return.
CODI
- 1D
- 0.30%
- 1M
- -5.00%
- 6M
- 53.42%
- YTD
- 110.00%
- 1Y
- 57.99%
- 3Y*
- -21.15%
- 5Y*
- -13.08%
- 10Y*
- 0.82%
- ALL TIME*
- 5.80%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.59M | $6.43M | $9.33M | |
| $3.36B | $3.31B | $5.91B |
CODI vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODI Compass Diversified | 110.00% | -78.64% | 7.53% | 29.38% | -37.72% | 71.52% | -15.53% | 116.86% | -20.11% | 2.77% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between CODI and IVV is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 18, 2006 | 0.47 |
Over the past year, the correlation between CODI and IVV has dropped to 0.25 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
CODI vs. IVV — Risk / Return Rank
CODI
IVV
CODI vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Compass Diversified (CODI) 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.
| CODI | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.21 | -0.95 |
| Martin ratioReturn relative to average drawdown | 2.70 | 9.43 | -6.73 |
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Drawdowns
CODI vs. IVV - Drawdown Comparison
The maximum CODI drawdown since its inception was -83.30%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CODI and IVV.
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Drawdown Indicators
| CODI | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.30% | -55.25% | -28.05% |
Max Drawdown (1Y)Largest decline over 1 year | -45.93% | -8.89% | -37.04% |
Max Drawdown (3Y)Largest decline over 3 years | -80.32% | -18.75% | -61.57% |
Max Drawdown (5Y)Largest decline over 5 years | -83.30% | -24.53% | -58.77% |
Max Drawdown (10Y)Largest decline over 10 years | -83.30% | -33.90% | -49.40% |
Current DrawdownCurrent decline from peak | -63.80% | -1.41% | -62.39% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -10.72% | -6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.44% | 2.09% | +19.35% |
Volatility
CODI vs. IVV - Volatility Comparison
Compass Diversified (CODI) has a higher volatility of 13.96% compared to iShares Core S&P 500 ETF (IVV) at 3.52%. This indicates that CODI'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
| CODI | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.96% | 3.52% | +10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 42.61% | 10.18% | +32.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.87% | 12.89% | +56.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.25% | 17.01% | +35.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.64% | 18.06% | +24.58% |
Dividends
CODI vs. IVV - Dividend Comparison
CODI has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CODI Compass Diversified | 0.00% | 10.42% | 4.33% | 4.45% | 5.49% | 7.59% | 7.40% | 5.79% | 11.57% | 8.50% | 8.04% | 9.06% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
CODI and IVV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODI has higher volatility (13.96%) compared to IVV (3.52%). In terms of maximum drawdown, CODI dropped -83.30% vs IVV's -55.25%.
IVV currently has the higher Sharpe Ratio (1.53 vs 0.83), 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.
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