BZQ vs IVV
ProShares UltraShort MSCI Brazil Capped 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 | BZQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $3M | $907.0B | |
| Dividend Yield | 6.94% | 1.10% | |
| Holdings | 6 | 508 | |
| YTD Return | -24.09% | +12.71% | |
| 1Y Return | -48.63% | +21.89% | |
| 3Y Return (annualized) | -24.27% | +22.08% | |
| 5Y Return (annualized) | -27.22% | +12.96% | |
| Volatility (annualized) | 58.3% | 15.1% | |
| Max Drawdown | -99.8% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 16, 2009 | May 15, 2000 |
BZQ vs IVV Performance
ProShares UltraShort MSCI Brazil Capped (BZQ) 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 BZQ returned -48.63% while IVV returned +21.89%. Year to date, BZQ is down 24.09% versus a gain of 12.71% for IVV.
Over three years, BZQ compounded at -24.27% per year against +22.08% for IVV; over five years the annualized figures are -27.22% and +12.96% respectively. Across the full 17-year window we track, IVV has the edge at +7.00% annualized vs -29.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BZQ has been the more volatile fund, with annualized monthly volatility of 58.3% 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 -99.8% for BZQ 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 -0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BZQ 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, BZQ currently yields 6.94% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, BZQ or IVV?
BZQ 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, BZQ or IVV?
Over the past year BZQ returned -48.63% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (17 years), BZQ annualized -29.11% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, BZQ or IVV?
BZQ has been the more volatile fund at 58.3% annualized versus 15.1% for IVV. Worst drawdown: BZQ -99.8% vs IVV -56.5%.
Should I hold both BZQ and IVV?
BZQ and IVV have a monthly-return correlation of -0.48, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BZQ or IVV?
BZQ yields 6.94% while IVV yields 1.10%, so BZQ currently pays the higher dividend yield.
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