CSM vs IVV
ProShares Large Cap Core Plus vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CSM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CSM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $509M | $865.2B | |
| Dividend Yield | 1.05% | 1.09% | |
| Holdings | 308 | 508 | |
| YTD Return | +12.74% | +14.50% | |
| 1Y Return | +22.40% | +22.02% | |
| 3Y Return (annualized) | +21.49% | +21.80% | |
| 5Y Return (annualized) | +12.82% | +13.37% | |
| Volatility (annualized) | 15.0% | 15.1% | |
| Max Drawdown | -36.1% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 13, 2009 | May 15, 2000 |
CSM vs IVV Performance
ProShares Large Cap Core Plus (CSM) 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 CSM returned +22.40% while IVV returned +22.02%. Year to date, CSM is up 12.74% versus a gain of 14.50% for IVV.
Over three years, CSM compounded at +21.49% per year against +21.80% for IVV; over five years the annualized figures are +12.82% and +13.37% respectively. Across the full 17-year window we track, CSM has the edge at +15.01% annualized vs +7.07%. 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 15.0% for CSM. 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 -36.1% for CSM 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CSM charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, CSM currently yields 1.05% against 1.09% for IVV.
Holdings Overlap
CSM and IVV share 281 holdings out of 526 unique holdings combined, representing a 52.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, CSM or IVV?
CSM has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, CSM or IVV?
Over the past year CSM returned +22.40% vs +22.02% for IVV, so CSM leads on 1-year performance. Over the longest common window we track (17 years), CSM annualized +15.01% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, CSM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 15.0% for CSM. Worst drawdown: CSM -36.1% vs IVV -56.5%.
Should I hold both CSM and IVV?
CSM and IVV have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CSM and IVV?
CSM and IVV share 281 common holdings with a 52.7% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, CSM or IVV?
CSM yields 1.05% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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