BIS vs IVV
ProShares UltraShort Nasdaq Biotechnology 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 505 holdings.
Side-by-Side Comparison
| Metric | BIS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $2M | $865.2B | |
| Dividend Yield | 5.79% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | -33.32% | +13.43% | |
| 1Y Return | -59.06% | +22.61% | |
| 3Y Return (annualized) | -30.66% | +21.47% | |
| 5Y Return (annualized) | -16.87% | +13.26% | |
| Volatility (annualized) | 39.5% | 15.1% | |
| Max Drawdown | -99.9% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 6, 2010 | May 15, 2000 |
BIS vs IVV Performance
ProShares UltraShort Nasdaq Biotechnology (BIS) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BIS returned -59.06% while IVV returned +22.61%. Year to date, BIS is down 33.32% versus a gain of 13.43% for IVV.
Over three years, BIS compounded at -30.66% per year against +21.47% for IVV; over five years the annualized figures are -16.87% and +13.26% respectively. Across the full 16-year window we track, IVV has the edge at +7.03% annualized vs -33.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BIS has been the more volatile fund, with annualized monthly volatility of 39.5% compared with 15.1% for IVV. 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 -99.9% for BIS 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 -0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BIS charges 0.95% per year while IVV charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, BIS currently yields 5.79% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, BIS or IVV?
BIS has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, BIS or IVV?
Over the past year BIS returned -59.06% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (16 years), BIS annualized -33.04% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BIS or IVV?
BIS has been the more volatile fund at 39.5% annualized versus 15.1% for IVV. Worst drawdown: BIS -99.9% vs IVV -56.5%.
Should I hold both BIS and IVV?
BIS and IVV have a monthly-return correlation of -0.58, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BIS or IVV?
BIS yields 5.79% while IVV yields 1.09%, so BIS currently pays the higher dividend yield.
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