BNDD vs IVV
Quadratic Deflation 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 | BNDD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.02% | 0.03% | |
| AUM | $21M | $865.2B | |
| Dividend Yield | 3.82% | 1.09% | |
| Holdings | 4 | 508 | |
| YTD Return | +2.39% | +13.80% | |
| 1Y Return | +0.87% | +23.01% | |
| 3Y Return (annualized) | -4.18% | +21.77% | |
| 5Y Return (annualized) | -4.65% | +13.39% | |
| Volatility (annualized) | 11.4% | 15.1% | |
| Max Drawdown | -30.9% | -56.5% | |
| Fund Family | KraneShares | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 20, 2021 | May 15, 2000 |
BNDD vs IVV Performance
Quadratic Deflation ETF (BNDD) is a ETF from KraneShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BNDD returned +0.87% while IVV returned +23.01%. Year to date, BNDD is up 2.39% versus a gain of 13.80% for IVV.
Over three years, BNDD compounded at -4.18% per year against +21.77% for IVV; over five years the annualized figures are -4.65% and +13.39% respectively. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs -4.65%. 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 11.4% for BNDD. 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 -30.9% for BNDD 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BNDD charges 1.02% per year while IVV charges 0.03%. On a $10,000 position that is $102 vs $3 annually, a gap of $99 per year that compounds over a long holding period. On income, BNDD currently yields 3.82% against 1.09% for IVV.
Holdings Overlap
BNDD 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, BNDD or IVV?
BNDD has an expense ratio of 1.02% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, BNDD or IVV?
Over the past year BNDD returned +0.87% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), BNDD annualized -4.65% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BNDD or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.4% for BNDD. Worst drawdown: BNDD -30.9% vs IVV -56.5%.
Should I hold both BNDD and IVV?
BNDD and IVV have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BNDD and IVV?
BNDD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BNDD or IVV?
BNDD yields 3.82% while IVV yields 1.09%, so BNDD currently pays the higher dividend yield.
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