IBAT vs. IVV

Last updated Jun 24, 2026

IBAT (iShares Energy Storage & Materials ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IBAT is a Alternative Energy Equities fund tracking the STOXX Global Energy Storage and Materials, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, IBAT returned 118.21% vs 23.72% for IVV. A 0.65 correlation means they provide meaningful diversification when combined. IBAT charges 0.47%/yr vs 0.03%/yr for IVV.

Performance

IBAT vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Energy Storage & Materials ETF (IBAT) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBAT achieves a 57.07% return, which is significantly higher than IVV's 8.20% return.

IBAT

• 1D: -6.13%
• 1M: -0.00%
• YTD: 57.07%
• 6M: 55.05%
• 1Y: 118.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVV

• 1D: -1.42%
• 1M: -1.34%
• YTD: 8.20%
• 6M: 7.25%
• 1Y: 23.72%
• 3Y*: 20.79%
• 5Y*: 13.13%
• 10Y*: 15.58%

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

IBAT vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBAT iShares Energy Storage & Materials ETF	57.07%	32.09%	-13.29%
IVV iShares Core S&P 500 ETF	8.20%	17.85%	13.73%

Correlation

The correlation between IBAT and IVV is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.65

The correlation between IBAT and IVV has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

IBAT vs. IVV - Sectors Allocation Comparison

Sectors	IBAT	IVV
Industrials	40.5%	7.8%
Basic Materials	30.6%	1.7%
Technology	25.5%	39.0%
Energy	1.9%	3.1%
Consumer Cyclical	1.5%	9.9%
Utilities	0.4%	2.1%
Communication Services	-	10.6%
Consumer Defensive	-	4.5%
Financial Services	-	11.1%
Healthcare	-	8.3%
Real Estate	-	1.8%

Return for Risk

IBAT vs. IVV — Risk / Return Rank

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

IBAT

IBAT Risk / Return Rank: 94
IBAT Sharpe Ratio Rank: 97
IBAT Sortino Ratio Rank: 93
IBAT Omega Ratio Rank: 93
IBAT Calmar Ratio Rank: 96
IBAT Martin Ratio Rank: 93

IVV

IVV Risk / Return Rank: 59
IVV Sharpe Ratio Rank: 59
IVV Sortino Ratio Rank: 56
IVV Omega Ratio Rank: 58
IVV Calmar Ratio Rank: 56
IVV Martin Ratio Rank: 67

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.

IBAT vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Energy Storage & Materials ETF (IBAT) 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.

	IBAT	IVV	Difference
Sharpe ratio: Return per unit of total volatility	4.11	1.91	+2.19
Sortino ratio: Return per unit of downside risk	4.27	2.60	+1.67
Omega ratio: Gain probability vs. loss probability	1.60	1.35	+0.26
Calmar ratio: Return relative to maximum drawdown	8.67	2.68	+5.99
Martin ratio: Return relative to average drawdown	24.09	11.98	+12.11

IBAT vs. IVV - Sharpe Ratio Comparison

The current IBAT Sharpe Ratio is 4.11, which is higher than the IVV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of IBAT and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBAT vs. IVV - Drawdown Comparison

The maximum IBAT drawdown since its inception was -28.26%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IBAT and IVV.

Drawdown Indicators

	IBAT	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-28.26%	-55.25%	+26.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-8.89%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-6.13%	-3.14%	-2.99%
Average Drawdown Average peak-to-trough decline	-7.70%	-10.76%	+3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	1.99%	+2.94%

Volatility

IBAT vs. IVV - Volatility Comparison

iShares Energy Storage & Materials ETF (IBAT) has a higher volatility of 14.59% compared to iShares Core S&P 500 ETF (IVV) at 4.88%. This indicates that IBAT'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.

Volatility by Period

	IBAT	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.59%	4.88%	+9.71%
Volatility (6M) Calculated over the trailing 6-month period	23.56%	9.85%	+13.71%
Volatility (1Y) Calculated over the trailing 1-year period	28.95%	12.48%	+16.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.02%	16.98%	+8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.02%	18.07%	+6.95%

IBAT vs. IVV - Expense Ratio Comparison

IBAT has a 0.47% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

IBAT vs. IVV - Dividend Comparison

IBAT's dividend yield for the trailing twelve months is around 0.68%, less than IVV's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBAT iShares Energy Storage & Materials ETF	0.68%	1.15%	1.37%	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	1.11%	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

Can I hold both IBAT and IVV in my portfolio?

IBAT and IVV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBAT or IVV?

IBAT has higher volatility (14.59%) compared to IVV (4.88%). In terms of maximum drawdown, IBAT dropped -28.26% vs IVV's -55.25%.

Which ETF is better, IBAT or IVV?

On 1-year performance, IBAT leads with 118.21% vs 23.72% for IVV. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBAT or IVV?

Over the 1-year period, IBAT has performed better with a 118.21% return vs 23.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBAT or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.47% for IBAT.

Which ETF pays a higher dividend yield, IBAT or IVV?

IVV has the higher dividend yield at 1.11%, compared with 0.68% for IBAT.

What is the main difference between IBAT and IVV?

IBAT is categorized as Alternative Energy Equities, while IVV is S&P 500. IBAT tracks STOXX Global Energy Storage and Materials, while IVV tracks S&P 500 Index. Their fees differ too: 0.47% for IBAT and 0.03% for IVV.

Which has better risk-adjusted returns?

IBAT currently has the higher Sharpe Ratio (4.11 vs 1.91), 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.