CANC vs IVV
Tema Oncology ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CANC delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CANC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $196M | $865.2B | |
| Dividend Yield | 0.05% | 1.09% | |
| Holdings | 56 | 508 | |
| YTD Return | +23.01% | +14.50% | |
| 1Y Return | +61.38% | +22.02% | |
| 3Y Return (annualized) | +21.76% | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 19.2% | 15.1% | |
| Max Drawdown | -26.1% | -56.5% | |
| Fund Family | Tema Global Limited | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 15, 2023 | May 15, 2000 |
CANC vs IVV Performance
Tema Oncology ETF (CANC) is a ETF from Tema Global Limited and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CANC returned +61.38% while IVV returned +22.02%. Year to date, CANC is up 23.01% versus a gain of 14.50% for IVV.
Over three years, CANC compounded at +21.76% per year against +21.80% for IVV. Across the full 3-year window we track, CANC has the edge at +21.76% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CANC has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -26.1% for CANC 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CANC charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, CANC currently yields 0.05% against 1.09% for IVV.
Holdings Overlap
CANC and IVV share 8 holdings out of 554 unique holdings combined, representing a 4.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CANC or IVV?
CANC has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, CANC or IVV?
Over the past year CANC returned +61.38% vs +22.02% for IVV, so CANC leads on 1-year performance. Over the longest common window we track (3 years), CANC annualized +21.76% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, CANC or IVV?
CANC has been the more volatile fund at 19.2% annualized versus 15.1% for IVV. Worst drawdown: CANC -26.1% vs IVV -56.5%.
Should I hold both CANC and IVV?
CANC and IVV have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CANC and IVV?
CANC and IVV share 8 common holdings with a 4.4% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, CANC or IVV?
CANC yields 0.05% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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