SHDG vs. IVVM
SHDG (Soundwatch Hedged Equity ETF) and IVVM (iShares Large Cap Moderate Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, SHDG returned 10.57% vs 14.30% for IVVM. Their correlation of 0.93 suggests significant overlap in exposure. SHDG charges 0.53%/yr vs 0.50%/yr for IVVM.
Performance
SHDG vs. IVVM - Performance Comparison
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Returns By Period
In the year-to-date period, SHDG achieves a 1.00% return, which is significantly lower than IVVM's 5.40% return.
SHDG
- 1D
- -0.18%
- 1M
- 0.42%
- YTD
- 1.00%
- 6M
- -0.17%
- 1Y
- 10.57%
- 3Y*
- 12.07%
- 5Y*
- —
- 10Y*
- —
IVVM
- 1D
- 0.05%
- 1M
- -0.19%
- YTD
- 5.40%
- 6M
- 4.47%
- 1Y
- 14.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHDG vs. IVVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHDG Soundwatch Hedged Equity ETF | 1.00% | 11.46% | 19.66% | 3.54% |
IVVM iShares Large Cap Moderate Buffer ETF | 5.40% | 14.24% | 16.08% | 5.17% |
Correlation
The correlation between SHDG and IVVM 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 (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.93 |
The correlation between SHDG and IVVM has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
SHDG vs. IVVM — Risk / Return Rank
SHDG
IVVM
SHDG vs. IVVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Soundwatch Hedged Equity ETF (SHDG) 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.
| SHDG | IVVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.40 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.71 | -1.10 |
| Martin ratioReturn relative to average drawdown | 5.92 | 13.31 | -7.39 |
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Drawdowns
SHDG vs. IVVM - Drawdown Comparison
The maximum SHDG drawdown since its inception was -15.82%, which is greater than IVVM's maximum drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for SHDG and IVVM.
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Drawdown Indicators
| SHDG | IVVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -11.62% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.62% | -5.31% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.73% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -0.91% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.08% | +0.71% |
Volatility
SHDG vs. IVVM - Volatility Comparison
The current volatility for Soundwatch Hedged Equity ETF (SHDG) is 0.67%, while iShares Large Cap Moderate Buffer ETF (IVVM) has a volatility of 1.88%. This indicates that SHDG 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.
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Volatility by Period
| SHDG | IVVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.88% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | 5.73% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.68% | 7.19% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.90% | 9.58% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 9.58% | +1.32% |
SHDG vs. IVVM - Expense Ratio Comparison
SHDG has a 0.53% expense ratio, which is higher than IVVM's 0.50% expense ratio.
Dividends
SHDG vs. IVVM - Dividend Comparison
SHDG's dividend yield for the trailing twelve months is around 0.49%, less than IVVM's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IVVM iShares Large Cap Moderate Buffer ETF | 0.65% | 0.68% | 0.62% | 0.00% | 0.00% |
SHDG Soundwatch Hedged Equity ETF | 0.49% | 0.49% | 0.62% | 1.24% | 0.90% |
Frequently Asked Questions
With a correlation of 0.91, SHDG and IVVM 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.
IVVM has higher volatility (1.88%) compared to SHDG (0.67%). In terms of maximum drawdown, SHDG dropped -15.82% vs IVVM's -11.62%.
On 1-year performance, IVVM leads with 14.30% vs 10.57% for SHDG. On fees, IVVM is cheaper at 0.50% per year. On volatility, SHDG has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVM has performed better with a 14.30% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVM is cheaper with a 0.50% expense ratio, compared with 0.53% for SHDG.
IVVM has the higher dividend yield at 0.65%, compared with 0.49% for SHDG.
They also come from different issuers: SoundWatch Capital and iShares. Their fees differ too: 0.53% for SHDG and 0.50% for IVVM.
IVVM currently has the higher Sharpe Ratio (2.00 vs 1.39), 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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