PVEX vs. ITOT

Last updated Jun 4, 2026

PVEX (TrueShares ConVequity ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. Their correlation of 0.94 suggests significant overlap in exposure. PVEX charges 0.82%/yr vs 0.03%/yr for ITOT.

Performance

PVEX vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares ConVequity ETF (PVEX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVEX achieves a 9.50% return, which is significantly lower than ITOT's 11.25% return.

PVEX

• 1D: -0.98%
• 1M: 5.17%
• YTD: 9.50%
• 6M: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITOT

• 1D: -0.73%
• 1M: 5.01%
• YTD: 11.25%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.09%
• 5Y*: 12.69%
• 10Y*: 15.01%

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

PVEX vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025
PVEX TrueShares ConVequity ETF	9.50%	13.68%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.25%	10.79%

Correlation

The correlation between PVEX and ITOT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.94

Return for Risk

PVEX vs. ITOT — Risk / Return Rank

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

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 69
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 63
ITOT Martin Ratio Rank: 75

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.

PVEX vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares ConVequity ETF (PVEX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PVEX	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.57	+1.20

Drawdowns

PVEX vs. ITOT - Drawdown Comparison

The maximum PVEX drawdown since its inception was -7.63%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for PVEX and ITOT.

Drawdown Indicators

	PVEX	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-7.63%	-55.20%	+47.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.98%	-0.73%	-0.25%
Average Drawdown Average peak-to-trough decline	-1.91%	-6.97%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.94%	—

Volatility

Volatility by Period

	PVEX	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	12.20%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	17.36%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	18.26%	-3.18%

PVEX vs. ITOT - Expense Ratio Comparison

PVEX has a 0.82% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

PVEX vs. ITOT - Dividend Comparison

PVEX's dividend yield for the trailing twelve months is around 0.17%, less than ITOT's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.98%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
PVEX TrueShares ConVequity ETF	0.17%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PVEX and ITOT in my portfolio?

With a correlation of 0.94, PVEX and ITOT 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.

Which ETF is better, PVEX or ITOT?

On fees, ITOT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PVEX or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.82% for PVEX.

Which ETF pays a higher dividend yield, PVEX or ITOT?

ITOT has the higher dividend yield at 0.98%, compared with 0.17% for PVEX.

What is the main difference between PVEX and ITOT?

They also come from different issuers: TrueShares and iShares. Their fees differ too: 0.82% for PVEX and 0.03% for ITOT.