IVVM vs. IVV
IVVM (iShares Large Cap Moderate Buffer ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IVVM is a Options Trading fund actively managed by iShares, while IVV is a S&P 500 fund tracking the S&P 500 Index. IVVM is actively managed, while IVV is passively managed. Over the past year, IVVM returned 15.78% vs 26.83% for IVV. Their correlation of 0.93 suggests significant overlap in exposure. IVVM charges 0.50%/yr vs 0.03%/yr for IVV.
Performance
IVVM vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, IVVM achieves a 6.01% return, which is significantly lower than IVV's 9.76% return.
IVVM
- 1D
- -0.10%
- 1M
- 0.38%
- YTD
- 6.01%
- 6M
- 5.79%
- 1Y
- 15.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.76%
- 6M
- 9.30%
- 1Y
- 26.83%
- 3Y*
- 21.37%
- 5Y*
- 13.58%
- 10Y*
- 15.75%
IVVM vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVVM iShares Large Cap Moderate Buffer ETF | 6.01% | 14.24% | 16.08% | 5.17% |
IVV iShares Core S&P 500 ETF | 9.76% | 17.85% | 24.93% | 9.41% |
Correlation
The correlation between IVVM and IVV is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.93 |
The correlation between IVVM and IVV has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
IVVM vs. IVV — Risk / Return Rank
IVVM
IVV
IVVM vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Moderate Buffer ETF (IVVM) 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.
| IVVM | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.03 | -0.05 |
| Martin ratioReturn relative to average drawdown | 14.72 | 13.61 | +1.10 |
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Drawdowns
IVVM vs. IVV - Drawdown Comparison
The maximum IVVM drawdown since its inception was -11.62%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IVVM and IVV.
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Drawdown Indicators
| IVVM | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.62% | -55.25% | +43.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.31% | -8.89% | +3.58% |
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 DrawdownCurrent decline from peak | -0.16% | -1.74% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -10.76% | +9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.98% | -0.91% |
Volatility
IVVM vs. IVV - Volatility Comparison
The current volatility for iShares Large Cap Moderate Buffer ETF (IVVM) is 1.77%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.67%. This indicates that IVVM experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVVM | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 4.67% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 5.73% | 9.75% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.19% | 12.41% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.59% | 16.97% | -7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.59% | 18.10% | -8.51% |
IVVM vs. IVV - Expense Ratio Comparison
IVVM has a 0.50% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
IVVM vs. IVV - Dividend Comparison
IVVM's dividend yield for the trailing twelve months is around 0.64%, less than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
IVVM iShares Large Cap Moderate Buffer ETF | 0.64% | 0.68% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, IVVM and IVV 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.
IVV has higher volatility (4.67%) compared to IVVM (1.77%). In terms of maximum drawdown, IVVM dropped -11.62% vs IVV's -55.25%.
On 1-year performance, IVV leads with 26.83% vs 15.78% for IVVM. On fees, IVV is cheaper at 0.03% per year. On volatility, IVVM has been the lower-risk option at 1.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVV has performed better with a 26.83% return vs 15.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.50% for IVVM.
IVV has the higher dividend yield at 1.09%, compared with 0.64% for IVVM.
IVVM is categorized as Options Trading, while IVV is S&P 500. Their fees differ too: 0.50% for IVVM and 0.03% for IVV.
IVVM currently has the higher Sharpe Ratio (2.21 vs 2.18), 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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