ASMF vs IVV
Virtus AlphaSimplex Managed Futures ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ASMF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.03% | |
| AUM | $30M | $907.0B | |
| Dividend Yield | 0.20% | 1.10% | |
| Holdings | 22 | 508 | |
| YTD Return | +8.50% | +13.25% | |
| 1Y Return | +15.17% | +19.95% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 8.5% | 15.1% | |
| Max Drawdown | -15.3% | -56.5% | |
| Fund Family | Virtus Investment Partners | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | May 15, 2024 | May 15, 2000 |
ASMF vs IVV Performance
Virtus AlphaSimplex Managed Futures ETF (ASMF) 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 ASMF returned +15.17% while IVV returned +19.95%. Year to date, ASMF is up 8.50% versus a gain of 13.25% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.5% for ASMF. 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 -15.3% for ASMF 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASMF charges 0.80% per year while IVV charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, ASMF currently yields 0.20% against 1.10% for IVV.
Holdings Overlap
ASMF and IVV share 0 holdings out of 506 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, ASMF or IVV?
ASMF has an expense ratio of 0.80% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, ASMF or IVV?
Over the past year ASMF returned +15.17% vs +19.95% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), ASMF annualized +2.79% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, ASMF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.5% for ASMF. Worst drawdown: ASMF -15.3% vs IVV -56.5%.
Should I hold both ASMF and IVV?
ASMF and IVV have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASMF and IVV?
ASMF and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, ASMF or IVV?
ASMF yields 0.20% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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