CCRV vs IVV
iShares Commodity Curve Carry Strategy 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 508 holdings.
Side-by-Side Comparison
| Metric | CCRV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $27M | $907.0B | |
| Dividend Yield | 4.31% | 1.10% | |
| Holdings | 91 | 508 | |
| YTD Return | -0.70% | +13.22% | |
| 1Y Return | +1.35% | +21.62% | |
| 3Y Return (annualized) | +3.74% | +22.17% | |
| 5Y Return (annualized) | +14.07% | +13.42% | |
| Volatility (annualized) | 14.2% | 15.1% | |
| Max Drawdown | -24.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Commodity | Equity | |
| Inception | Sep 1, 2020 | May 15, 2000 |
CCRV vs IVV Performance
iShares Commodity Curve Carry Strategy ETF (CCRV) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CCRV returned +1.35% while IVV returned +21.62%. Year to date, CCRV is down 0.70% versus a gain of 13.22% for IVV.
Over three years, CCRV compounded at +3.74% per year against +22.17% for IVV; over five years the annualized figures are +14.07% and +13.42% respectively. Across the full 5-year window we track, CCRV has the edge at +14.07% annualized vs +7.02%. 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 14.2% for CCRV. 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 -24.8% for CCRV 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CCRV charges 0.40% per year while IVV charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, CCRV currently yields 4.31% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, CCRV or IVV?
CCRV has an expense ratio of 0.40% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, CCRV or IVV?
Over the past year CCRV returned +1.35% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), CCRV annualized +14.07% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, CCRV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.2% for CCRV. Worst drawdown: CCRV -24.8% vs IVV -56.5%.
Should I hold both CCRV and IVV?
CCRV and IVV have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CCRV or IVV?
CCRV yields 4.31% while IVV yields 1.10%, so CCRV currently pays the higher dividend yield.
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