FB vs. IVVM
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. Over the past year, FB returned 12.75% vs 14.62% for IVVM. A 0.69 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
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Returns By Period
In the year-to-date period, FB achieves a 7.10% return, which is significantly higher than IVVM's 6.67% return.
FB
- 1D
- -0.12%
- 1M
- 1.49%
- 6M
- 6.09%
- YTD
- 7.10%
- 1Y
- 12.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVM
- 1D
- -0.40%
- 1M
- 1.14%
- 6M
- 5.47%
- YTD
- 6.67%
- 1Y
- 14.62%
- 3Y*
- 13.86%
- 5Y*
- —
- 10Y*
- —
FB vs. IVVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FB ProShares S&P 500 Dynamic Daily Buffer ETF | 7.10% | 6.10% |
IVVM iShares Large Cap Moderate Buffer ETF | 6.67% | 8.24% |
Correlation
The correlation between FB and IVVM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.69 |
The correlation between FB and IVVM has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
FB vs. IVVM — Risk / Return Rank
FB
IVVM
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.
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.
| FB | IVVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.41 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 7.28 | 2.77 | +4.52 |
| Martin ratioReturn relative to average drawdown | 26.31 | 13.58 | +12.73 |
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Drawdowns
FB vs. IVVM - Drawdown Comparison
The maximum FB drawdown since its inception was -1.76%, 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.
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Drawdown Indicators
| FB | IVVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.76% | -11.62% | +9.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.76% | -5.31% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.62% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.40% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -0.90% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 1.08% | -0.59% |
Volatility
FB vs. IVVM - Volatility Comparison
ProShares S&P 500 Dynamic Daily Buffer ETF (FB) has a higher volatility of 1.84% compared to iShares Large Cap Moderate Buffer ETF (IVVM) at 1.71%. This indicates that FB's price experiences larger fluctuations and is considered to be riskier than IVVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FB | IVVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.71% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 5.72% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 7.22% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 9.53% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 9.53% | -4.46% |
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 1.98%, more than IVVM's 0.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FB ProShares S&P 500 Dynamic Daily Buffer ETF | 1.98% | 0.92% | 0.00% |
IVVM iShares Large Cap Moderate Buffer ETF | 0.64% | 0.68% | 0.62% |
Frequently Asked Questions
FB and IVVM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FB has higher volatility (1.84%) compared to IVVM (1.71%). In terms of maximum drawdown, FB dropped -1.76% vs IVVM's -11.62%.
On 1-year performance, IVVM leads with 14.62% vs 12.75% for FB. On fees, IVVM is cheaper at 0.50% per year. On volatility, IVVM has been the lower-risk option at 1.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVM has performed better with a 14.62% return vs 12.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVM is cheaper with a 0.50% expense ratio, compared with 0.58% for FB.
FB has the higher dividend yield at 1.98%, compared with 0.64% for 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.
FB currently has the higher Sharpe Ratio (2.58 vs 2.04), 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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