IVVB vs. IVVM
IVVB (iShares Large Cap Deep Buffer ETF) and IVVM (iShares Large Cap Moderate Buffer ETF) are both Options Trading funds from iShares. Both are actively managed. Over the past 3 years, IVVB returned 11.17%/yr vs 13.47%/yr for IVVM. Their correlation of 0.92 means they have usually moved in the same direction. Both charge a 0.50% expense ratio.
Performance
IVVB vs. IVVM - Performance Comparison
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Returns By Period
In the year-to-date period, IVVB achieves a 4.99% return, which is significantly lower than IVVM's 6.70% return.
IVVB
- 1D
- 0.62%
- 1M
- 0.35%
- 6M
- 3.77%
- YTD
- 4.99%
- 1Y
- 12.56%
- 3Y*
- 11.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.56%
IVVM
- 1D
- 0.57%
- 1M
- 0.51%
- 6M
- 5.79%
- YTD
- 6.70%
- 1Y
- 14.40%
- 3Y*
- 13.47%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $448.03K | $518.51K | $884.48K | |
| $740.71K | $781.13K | $703.06K |
IVVB vs. IVVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVVB iShares Large Cap Deep Buffer ETF | 4.99% | 9.60% | 18.66% | 2.64% |
IVVM iShares Large Cap Moderate Buffer ETF | 6.70% | 14.24% | 16.08% | 5.17% |
Correlation
The correlation between IVVB and IVVM is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.92 |
The correlation between IVVB and IVVM has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
IVVB vs. IVVM — Risk / Return Rank
IVVB
IVVM
IVVB vs. IVVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Deep Buffer ETF (IVVB) 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.
| IVVB | IVVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.49 | -0.48 |
| Martin ratioReturn relative to average drawdown | 8.40 | 12.04 | -3.64 |
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Drawdowns
IVVB vs. IVVM - Drawdown Comparison
The maximum IVVB drawdown since its inception was -13.08%, which is greater than IVVM's maximum drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for IVVB and IVVM.
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Drawdown Indicators
| IVVB | IVVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.08% | -11.62% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -5.31% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -13.08% | -11.62% | -1.46% |
Current DrawdownCurrent decline from peak | -0.52% | -0.40% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -0.90% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.10% | +0.27% |
Volatility
IVVB vs. IVVM - Volatility Comparison
iShares Large Cap Deep Buffer ETF (IVVB) has a higher volatility of 2.39% compared to iShares Large Cap Moderate Buffer ETF (IVVM) at 2.14%. This indicates that IVVB'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
| IVVB | IVVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 2.14% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.46% | 5.77% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 7.42% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.19% | 9.50% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.19% | 9.50% | -0.31% |
IVVB vs. IVVM - Expense Ratio Comparison
Both IVVB and IVVM have an expense ratio of 0.50%.
Dividends
IVVB vs. IVVM - Dividend Comparison
IVVB's dividend yield for the trailing twelve months is around 1.17%, more than IVVM's 0.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVB iShares Large Cap Deep Buffer ETF | 1.17% | 1.22% | 0.87% |
IVVM iShares Large Cap Moderate Buffer ETF | 0.64% | 0.68% | 0.62% |
Frequently Asked Questions
With a correlation of 0.92, IVVB and IVVM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IVVB has higher volatility (2.39%) compared to IVVM (2.14%). In terms of maximum drawdown, IVVB dropped -13.08% vs IVVM's -11.62%.
On 3-year performance, IVVM leads with 13.47% vs 11.17% for IVVB. Both ETFs have the same 0.50% expense ratio. On volatility, IVVM has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IVVM has performed better with a 13.47% return vs 11.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVB and IVVM have the same expense ratio: 0.50% per year.
IVVB has the higher dividend yield at 1.17%, compared with 0.64% for IVVM.
IVVM currently has the higher Sharpe Ratio (1.78 vs 1.50), 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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