SHDG vs. IVV
SHDG (Soundwatch Hedged Equity ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - SHDG is a Options Trading fund actively managed by SoundWatch Capital, while IVV is a S&P 500 fund tracking the S&P 500 Index. SHDG is actively managed, while IVV is passively managed. Over the past 3 years, SHDG returned 12.13%/yr vs 21.37%/yr for IVV. Their correlation of 0.95 suggests significant overlap in exposure. SHDG charges 0.53%/yr vs 0.03%/yr for IVV.
Performance
SHDG vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, SHDG achieves a 1.16% return, which is significantly lower than IVV's 9.76% return.
SHDG
- 1D
- 0.02%
- 1M
- 0.58%
- YTD
- 1.16%
- 6M
- 0.76%
- 1Y
- 12.02%
- 3Y*
- 12.13%
- 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%
SHDG vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SHDG Soundwatch Hedged Equity ETF | 1.16% | 11.46% | 19.66% | 17.84% | 2.55% |
IVV iShares Core S&P 500 ETF | 9.76% | 17.85% | 24.93% | 26.31% | 2.68% |
Correlation
The correlation between SHDG and IVV is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2022 | 0.95 |
The correlation between SHDG and IVV has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
SHDG vs. IVV — Risk / Return Rank
SHDG
IVV
SHDG vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Soundwatch Hedged Equity ETF (SHDG) 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.
| SHDG | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.03 | -1.21 |
| Martin ratioReturn relative to average drawdown | 6.74 | 13.61 | -6.88 |
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Drawdowns
SHDG vs. IVV - Drawdown Comparison
The maximum SHDG drawdown since its inception was -15.82%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SHDG and IVV.
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Drawdown Indicators
| SHDG | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -55.25% | +39.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.62% | -8.89% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -18.75% | +2.93% |
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 | -0.48% | -1.74% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -10.76% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.98% | -0.19% |
Volatility
SHDG vs. IVV - Volatility Comparison
The current volatility for Soundwatch Hedged Equity ETF (SHDG) is 0.64%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.67%. This indicates that SHDG 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
| SHDG | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 4.67% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 9.75% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 12.41% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.91% | 16.97% | -6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.91% | 18.10% | -7.19% |
SHDG vs. IVV - Expense Ratio Comparison
SHDG has a 0.53% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
SHDG vs. IVV - Dividend Comparison
SHDG's dividend yield for the trailing twelve months is around 0.49%, 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% |
SHDG Soundwatch Hedged Equity ETF | 0.49% | 0.49% | 0.62% | 1.24% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, SHDG 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 SHDG (0.64%). In terms of maximum drawdown, SHDG dropped -15.82% vs IVV's -55.25%.
On 3-year performance, IVV leads with 21.37% vs 12.13% for SHDG. On fees, IVV is cheaper at 0.03% per year. On volatility, SHDG has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IVV has performed better with a 21.37% return vs 12.13%. 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 0.53% for SHDG.
IVV has the higher dividend yield at 1.09%, compared with 0.49% for SHDG.
SHDG is categorized as Options Trading, while IVV is S&P 500. They also come from different issuers: SoundWatch Capital and iShares. Their fees differ too: 0.53% for SHDG and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (2.18 vs 1.57), 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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