ARP vs IVV
PMV Adaptive Risk Parity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ARP delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ARP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.42% | 0.03% | |
| AUM | $66M | $865.2B | |
| Dividend Yield | 6.15% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +11.17% | +13.80% | |
| 1Y Return | +24.52% | +23.01% | |
| 3Y Return (annualized) | +13.40% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 9.3% | 15.1% | |
| Max Drawdown | -10.1% | -56.5% | |
| Fund Family | PMV Capital | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 21, 2022 | May 15, 2000 |
ARP vs IVV Performance
PMV Adaptive Risk Parity ETF (ARP) is a ETF from PMV Capital and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ARP returned +24.52% while IVV returned +23.01%. Year to date, ARP is up 11.17% versus a gain of 13.80% for IVV.
Over three years, ARP compounded at +13.40% per year against +21.77% for IVV. Across the full 4-year window we track, ARP has the edge at +11.23% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.3% for ARP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.1% for ARP and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ARP charges 1.42% per year while IVV charges 0.03%. On a $10,000 position that is $142 vs $3 annually, a gap of $139 per year that compounds over a long holding period. On income, ARP currently yields 6.15% against 1.09% for IVV.
Holdings Overlap
ARP and IVV share 0 holdings out of 511 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ARP or IVV?
ARP has an expense ratio of 1.42% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $139 per year of difference.
Which performed better, ARP or IVV?
Over the past year ARP returned +24.52% vs +23.01% for IVV, so ARP leads on 1-year performance. Over the longest common window we track (4 years), ARP annualized +11.23% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, ARP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.3% for ARP. Worst drawdown: ARP -10.1% vs IVV -56.5%.
Should I hold both ARP and IVV?
ARP and IVV have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ARP and IVV?
ARP and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, ARP or IVV?
ARP yields 6.15% while IVV yields 1.09%, so ARP currently pays the higher dividend yield.
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