CLIX vs IVV
ProShares Long Online/Short Stores 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 | CLIX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $6M | $907.0B | |
| Dividend Yield | 0.53% | 1.10% | |
| Holdings | 30 | 508 | |
| YTD Return | -1.13% | +14.29% | |
| 1Y Return | +5.42% | +21.79% | |
| 3Y Return (annualized) | +18.70% | +22.19% | |
| 5Y Return (annualized) | -3.21% | +13.28% | |
| Volatility (annualized) | 24.6% | 15.1% | |
| Max Drawdown | -73.2% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 14, 2017 | May 15, 2000 |
CLIX vs IVV Performance
ProShares Long Online/Short Stores ETF (CLIX) 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 CLIX returned +5.42% while IVV returned +21.79%. Year to date, CLIX is down 1.13% versus a gain of 14.29% for IVV.
Over three years, CLIX compounded at +18.70% per year against +22.19% for IVV; over five years the annualized figures are -3.21% and +13.28% respectively. Across the full 9-year window we track, IVV has the edge at +7.06% annualized vs +4.76%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CLIX has been the more volatile fund, with annualized monthly volatility of 24.6% 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 -73.2% for CLIX 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLIX charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CLIX currently yields 0.53% against 1.10% for IVV.
Holdings Overlap
CLIX and IVV share 4 holdings out of 523 unique holdings combined, representing a 3.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CLIX or IVV?
CLIX has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, CLIX or IVV?
Over the past year CLIX returned +5.42% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), CLIX annualized +4.76% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, CLIX or IVV?
CLIX has been the more volatile fund at 24.6% annualized versus 15.1% for IVV. Worst drawdown: CLIX -73.2% vs IVV -56.5%.
Should I hold both CLIX and IVV?
CLIX and IVV have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLIX and IVV?
CLIX and IVV share 4 common holdings with a 3.9% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, CLIX or IVV?
CLIX yields 0.53% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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