FB vs. IVVM

Last updated Jun 3, 2026

FB (ProShares S&P 500 Dynamic Daily Buffer ETF) and IVVM (iShares Large Cap Moderate Buffer ETF) are both exchange-traded funds - FB is a Defined Outcome fund tracking the S&P 500, while IVVM is a Options Trading fund actively managed by iShares. FB is passively managed, while IVVM is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. FB charges 0.58%/yr vs 0.50%/yr for IVVM.

Performance

FB vs. IVVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Dynamic Daily Buffer ETF (FB) and iShares Large Cap Moderate Buffer ETF (IVVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FB having a 6.19% return and IVVM slightly lower at 5.95%.

FB

• 1D: 0.13%
• 1M: 1.97%
• YTD: 6.19%
• 6M: 6.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVM

• 1D: -0.22%
• 1M: 1.95%
• YTD: 5.95%
• 6M: 6.15%
• 1Y: 16.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FB vs. IVVM - Yearly Performance Comparison

	2026 (YTD)	2025
FB ProShares S&P 500 Dynamic Daily Buffer ETF	6.19%	6.72%
IVVM iShares Large Cap Moderate Buffer ETF	5.95%	8.08%

Correlation

The correlation between FB and IVVM is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.67

Return for Risk

FB vs. IVVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVVM

IVVM Risk / Return Rank: 72
IVVM Sharpe Ratio Rank: 70
IVVM Sortino Ratio Rank: 73
IVVM Omega Ratio Rank: 79
IVVM Calmar Ratio Rank: 62
IVVM Martin Ratio Rank: 78

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.

FB vs. IVVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dynamic Daily Buffer ETF (FB) and iShares Large Cap Moderate Buffer ETF (IVVM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FB	IVVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.09	1.49	+1.60

Drawdowns

FB vs. IVVM - Drawdown Comparison

The maximum FB drawdown since its inception was -1.38%, smaller than the maximum IVVM drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for FB and IVVM.

Drawdown Indicators

	FB	IVVM	Difference
Max Drawdown Largest peak-to-trough decline	-1.38%	-11.62%	+10.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.31%	—
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.30%	-0.92%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.06%	—

Volatility

Volatility by Period

	FB	IVVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.67%	7.04%	-2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.67%	9.62%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	9.62%	-4.95%

FB vs. IVVM - Expense Ratio Comparison

FB has a 0.58% expense ratio, which is higher than IVVM's 0.50% expense ratio.

Dividends

FB vs. IVVM - Dividend Comparison

FB's dividend yield for the trailing twelve months is around 1.23%, more than IVVM's 0.65% yield.

Position	TTM	2025	2024
FB ProShares S&P 500 Dynamic Daily Buffer ETF	1.23%	0.92%	0.00%
IVVM iShares Large Cap Moderate Buffer ETF	0.65%	0.68%	0.62%

Frequently Asked Questions

Can I hold both FB and IVVM in my portfolio?

FB and IVVM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FB or IVVM?

On fees, IVVM is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FB or IVVM?

IVVM is cheaper with a 0.50% expense ratio, compared with 0.58% for FB.

Which ETF pays a higher dividend yield, FB or IVVM?

FB has the higher dividend yield at 1.23%, compared with 0.65% for IVVM.

What is the main difference between FB and IVVM?

FB is categorized as Defined Outcome, while IVVM is Options Trading. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for FB and 0.50% for IVVM.