ASGM vs IVV
Virtus AlphaSimplex Global Macro ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ASGM delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ASGM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.86% | 0.03% | |
| AUM | $9M | $907.0B | |
| Dividend Yield | 3.87% | 1.10% | |
| Holdings | 17 | 508 | |
| YTD Return | +21.12% | +12.71% | |
| 1Y Return | +33.44% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 13.3% | 15.1% | |
| Max Drawdown | -7.4% | -56.5% | |
| Fund Family | Virtus Investment Partners | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 4, 2025 | May 15, 2000 |
ASGM vs IVV Performance
Virtus AlphaSimplex Global Macro ETF (ASGM) is a ETF from Virtus Investment Partners and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ASGM returned +33.44% while IVV returned +21.89%. Year to date, ASGM is up 21.12% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.3% for ASGM. 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 -7.4% for ASGM 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ASGM charges 0.86% per year while IVV charges 0.03%. On a $10,000 position that is $86 vs $3 annually, a gap of $83 per year that compounds over a long holding period. On income, ASGM currently yields 3.87% against 1.10% for IVV.
Holdings Overlap
ASGM and IVV share 0 holdings out of 508 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, ASGM or IVV?
ASGM has an expense ratio of 0.86% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $83 per year of difference.
Which performed better, ASGM or IVV?
Over the past year ASGM returned +33.44% vs +21.89% for IVV, so ASGM leads on 1-year performance. Over the longest common window we track (1 years), ASGM annualized +34.31% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, ASGM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.3% for ASGM. Worst drawdown: ASGM -7.4% vs IVV -56.5%.
Should I hold both ASGM and IVV?
ASGM and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASGM and IVV?
ASGM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, ASGM or IVV?
ASGM yields 3.87% while IVV yields 1.10%, so ASGM currently pays the higher dividend yield.
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