IVVB vs. IVVM

Last updated Jun 24, 2026

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 year, IVVB returned 12.68% vs 14.52% for IVVM. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

IVVB vs. IVVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Deep Buffer ETF (IVVB) and iShares Large Cap Moderate Buffer ETF (IVVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVVB achieves a 3.81% return, which is significantly lower than IVVM's 5.35% return.

IVVB

• 1D: -0.46%
• 1M: -0.43%
• YTD: 3.81%
• 6M: 2.94%
• 1Y: 12.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVM

• 1D: -0.62%
• 1M: -0.24%
• YTD: 5.35%
• 6M: 4.81%
• 1Y: 14.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVVB vs. IVVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVVB iShares Large Cap Deep Buffer ETF	3.81%	9.60%	18.66%	2.64%
IVVM iShares Large Cap Moderate Buffer ETF	5.35%	14.24%	16.08%	5.17%

Correlation

The correlation between IVVB and IVVM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
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 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

IVVB vs. IVVM — Risk / Return Rank

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

IVVB

IVVB Risk / Return Rank: 53
IVVB Sharpe Ratio Rank: 54
IVVB Sortino Ratio Rank: 52
IVVB Omega Ratio Rank: 54
IVVB Calmar Ratio Rank: 47
IVVB Martin Ratio Rank: 56

IVVM

IVVM Risk / Return Rank: 68
IVVM Sharpe Ratio Rank: 66
IVVM Sortino Ratio Rank: 67
IVVM Omega Ratio Rank: 73
IVVM Calmar Ratio Rank: 59
IVVM Martin Ratio Rank: 76

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.

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 ratio: Return per unit of total volatility	1.72	2.03	-0.30
Sortino ratio: Return per unit of downside risk	2.41	2.90	-0.49
Omega ratio: Gain probability vs. loss probability	1.32	1.41	-0.09
Calmar ratio: Return relative to maximum drawdown	2.22	2.75	-0.53
Martin ratio: Return relative to average drawdown	9.43	13.53	-4.10

IVVB vs. IVVM - Sharpe Ratio Comparison

The current IVVB Sharpe Ratio is 1.72, which is comparable to the IVVM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of IVVB and IVVM, 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

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.

Drawdown Indicators

	IVVB	IVVM	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-11.62%	-1.46%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-5.31%	-0.44%
Current Drawdown Current decline from peak	-0.88%	-0.79%	-0.09%
Average Drawdown Average peak-to-trough decline	-1.59%	-0.91%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.08%	+0.27%

Volatility

IVVB vs. IVVM - Volatility Comparison

The current volatility for iShares Large Cap Deep Buffer ETF (IVVB) is 1.74%, while iShares Large Cap Moderate Buffer ETF (IVVM) has a volatility of 1.88%. This indicates that IVVB experiences smaller price fluctuations and is considered to be less risky than IVVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVVB	IVVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	1.88%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	5.49%	5.76%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	7.40%	7.21%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.25%	9.59%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.25%	9.59%	-0.34%

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 1.18%, more than IVVM's 0.65% yield.

Position	TTM	2025	2024
IVVB iShares Large Cap Deep Buffer ETF	1.18%	1.22%	0.87%
IVVM iShares Large Cap Moderate Buffer ETF	0.65%	0.68%	0.62%

Frequently Asked Questions

Can I hold both IVVB and IVVM in my portfolio?

IVVB and IVVM have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVVB or IVVM?

IVVM has higher volatility (1.88%) compared to IVVB (1.74%). In terms of maximum drawdown, IVVB dropped -13.08% vs IVVM's -11.62%.

Which ETF is better, IVVB or IVVM?

On 1-year performance, IVVM leads with 14.52% vs 12.68% for IVVB. Both ETFs have the same 0.50% expense ratio. On volatility, IVVB has been the lower-risk option at 1.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVVB or IVVM?

Over the 1-year period, IVVM has performed better with a 14.52% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVVB or IVVM?

IVVB and IVVM have the same expense ratio: 0.50% per year.

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

IVVB has the higher dividend yield at 1.18%, compared with 0.65% for IVVM.

Which has better risk-adjusted returns?

IVVM currently has the higher Sharpe Ratio (2.03 vs 1.72), 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.