CARU vs IVV
MAX Auto Industry 3X Leveraged ETN vs iShares Core S&P 500 ETF
Which is better, CARU or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 77.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CARU | IVV |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $3M | $850.0B |
| Dividend Yield | 0.00% | 1.09% |
| Holdings | 24 | 1,018 |
| YTD Return | -33.49% | +12.12%Best |
| 1Y Return | -33.84% | +12.53%Best |
| 3Y Return (annualized) | +10.68% | +21.54%Best |
| 5Y Return (annualized) | - | +11.93% |
| Volatility (annualized) | 64.4% | 12.4%Best |
| Max Drawdown | -66.4% | -18.8%Best |
| $10,000 over 3.4 years | $7,565 | $18,252Best |
| Top 10 Weight | 77.8% | 38.8%Best |
| Fund Family | BMO Capital Markets | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jun 30, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: Jun 28, 2023 to Nov 11, 2026 (3.4 years).
CARU vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
CARU vs IVV Performance
MAX Auto Industry 3X Leveraged ETN (CARU) is an ETF from BMO Capital Markets and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CARU returned -33.84% while IVV returned +12.53%. Year to date, CARU is down 33.49% versus a gain of 12.12% for IVV.
Over three years, CARU compounded at +10.68% per year against +21.54% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CARU has been the more volatile fund, with annualized monthly volatility of 64.4% compared with 12.4% 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 -66.4% for CARU and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CARU 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, CARU currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
62.8% of CARU's money is in holdings IVV also owns. 2.0% of IVV's money is in holdings CARU also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 24 positions we hold weights for in CARU and 505 in IVV, against full books of 24 and 1,018.
What only one of them owns
Our book lists 492 positions for IVV that do not appear in our book for CARU (97.6% of the fund), and 15 for CARU that do not appear in IVV (30.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
62.8% of CARU is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CARU or IVV?
CARU has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, CARU or IVV?
Over the past year CARU returned -33.84% vs +12.53% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARU or IVV?
CARU has been the more volatile fund at 64.4% annualized versus 12.4% for IVV. Worst drawdown: CARU -66.4% vs IVV -18.8%.
Should I hold both CARU and IVV?
CARU and IVV have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CARU and IVV?
62.8% of CARU's money is in holdings IVV also owns. 2.0% of IVV's is in holdings CARU also owns. They hold 7 positions in common, counted across the 24 positions we hold weights for in CARU and 505 in IVV.
Which pays a higher dividend, CARU or IVV?
CARU yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
Is IVV better than CARU?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 77.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.