BITQ vs IVV
Bitwise Crypto Industry Innovators 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 505 holdings.
Side-by-Side Comparison
| Metric | BITQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $396M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 30 | 508 | |
| YTD Return | +5.51% | +13.43% | |
| 1Y Return | +13.41% | +22.61% | |
| 3Y Return (annualized) | +38.83% | +21.47% | |
| 5Y Return (annualized) | -2.51% | +13.26% | |
| Volatility (annualized) | 70.9% | 15.1% | |
| Max Drawdown | -90.3% | -56.5% | |
| Fund Family | Bitwise | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | May 11, 2021 | May 15, 2000 |
BITQ vs IVV Performance
Bitwise Crypto Industry Innovators ETF (BITQ) is a ETF from Bitwise and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BITQ returned +13.41% while IVV returned +22.61%. Year to date, BITQ is up 5.51% versus a gain of 13.43% for IVV.
Over three years, BITQ compounded at +38.83% per year against +21.47% for IVV; over five years the annualized figures are -2.51% and +13.26% respectively. Across the full 5-year window we track, IVV has the edge at +7.03% annualized vs +0.27%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITQ has been the more volatile fund, with annualized monthly volatility of 70.9% 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 -90.3% for BITQ 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITQ charges 0.85% per year while IVV charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, BITQ currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
BITQ and IVV share 7 holdings out of 528 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BITQ or IVV?
BITQ has an expense ratio of 0.85% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, BITQ or IVV?
Over the past year BITQ returned +13.41% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), BITQ annualized +0.27% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BITQ or IVV?
BITQ has been the more volatile fund at 70.9% annualized versus 15.1% for IVV. Worst drawdown: BITQ -90.3% vs IVV -56.5%.
Should I hold both BITQ and IVV?
BITQ and IVV have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITQ and IVV?
BITQ and IVV share 7 common holdings with a 2.3% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, BITQ or IVV?
BITQ yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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