CZAR vs. IVV
Compare and contrast key facts about Themes Natural Monopoly ETF (CZAR) and iShares Core S&P 500 ETF (IVV).
CZAR and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CZAR is a passively managed fund by Themes that tracks the performance of the Solactive Natural Monopoly Index - Benchmark TR Gross. It was launched on Dec 12, 2023. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both CZAR and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CZAR vs. IVV - Performance Comparison
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CZAR vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CZAR Themes Natural Monopoly ETF | -4.66% | 13.32% | 10.92% | 2.34% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 1.42% |
Returns By Period
In the year-to-date period, CZAR achieves a -4.66% return, which is significantly lower than IVV's -4.38% return.
CZAR
- 1D
- 1.90%
- 1M
- -4.94%
- YTD
- -4.66%
- 6M
- -4.96%
- 1Y
- 5.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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CZAR vs. IVV - Expense Ratio Comparison
CZAR has a 0.35% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
CZAR vs. IVV — Risk / Return Rank
CZAR
IVV
CZAR vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Natural Monopoly ETF (CZAR) 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.
| CZAR | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 0.97 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.60 | 1.49 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.53 | -0.99 |
Martin ratioReturn relative to average drawdown | 1.93 | 7.32 | -5.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CZAR | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.97 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.42 | +0.19 |
Correlation
The correlation between CZAR and IVV is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CZAR vs. IVV - Dividend Comparison
CZAR's dividend yield for the trailing twelve months is around 1.54%, more than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZAR Themes Natural Monopoly ETF | 1.54% | 1.47% | 0.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
CZAR vs. IVV - Drawdown Comparison
The maximum CZAR drawdown since its inception was -13.38%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for CZAR and IVV.
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Drawdown Indicators
| CZAR | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -55.25% | +41.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -12.06% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -7.30% | -6.26% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -10.85% | +8.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.53% | +0.34% |
Volatility
CZAR vs. IVV - Volatility Comparison
The current volatility for Themes Natural Monopoly ETF (CZAR) is 4.80%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.30%. This indicates that CZAR experiences smaller price fluctuations and is considered to be less risky 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
| CZAR | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 5.30% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 9.45% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 18.31% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 16.89% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 18.04% | -2.78% |