IVVM vs. SPY
Compare and contrast key facts about iShares Large Cap Moderate Buffer ETF (IVVM) and SPDR S&P 500 ETF (SPY).
IVVM and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVVM is an actively managed fund by iShares. It was launched on Jun 28, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVVM or SPY.
Correlation
The correlation between IVVM and SPY is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IVVM vs. SPY - Performance Comparison
Key characteristics
IVVM:
2.20
SPY:
1.91
IVVM:
2.95
SPY:
2.57
IVVM:
1.46
SPY:
1.35
IVVM:
3.14
SPY:
2.88
IVVM:
16.04
SPY:
11.96
IVVM:
1.04%
SPY:
2.03%
IVVM:
7.64%
SPY:
12.68%
IVVM:
-5.33%
SPY:
-55.19%
IVVM:
-0.11%
SPY:
0.00%
Returns By Period
In the year-to-date period, IVVM achieves a 2.83% return, which is significantly lower than SPY's 4.34% return.
IVVM
2.83%
1.44%
8.26%
16.58%
N/A
N/A
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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IVVM vs. SPY - Expense Ratio Comparison
IVVM has a 0.50% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IVVM vs. SPY — Risk-Adjusted Performance Rank
IVVM
SPY
IVVM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Moderate Buffer ETF (IVVM) and SPDR S&P 500 ETF (SPY). 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.
Dividends
IVVM vs. SPY - Dividend Comparison
IVVM's dividend yield for the trailing twelve months is around 1.18%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVVM iShares Large Cap Moderate Buffer ETF | 1.18% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IVVM vs. SPY - Drawdown Comparison
The maximum IVVM drawdown since its inception was -5.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IVVM and SPY. For additional features, visit the drawdowns tool.
Volatility
IVVM vs. SPY - Volatility Comparison
The current volatility for iShares Large Cap Moderate Buffer ETF (IVVM) is 1.87%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.13%. This indicates that IVVM experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.