CTEX vs IVV
Proshares S&P Kensho Cleantech ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CTEX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CTEX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | |
| AUM | $5M | $865.2B | |
| Dividend Yield | 1.67% | 1.09% | |
| Holdings | 32 | 508 | |
| YTD Return | -5.42% | +13.43% | |
| 1Y Return | +50.57% | +22.61% | |
| 3Y Return (annualized) | +7.38% | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 42.2% | 15.1% | |
| Max Drawdown | -70.3% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | May 15, 2000 |
CTEX vs IVV Performance
Proshares S&P Kensho Cleantech ETF (CTEX) 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 CTEX returned +50.57% while IVV returned +22.61%. Year to date, CTEX is down 5.42% versus a gain of 13.43% for IVV.
Over three years, CTEX compounded at +7.38% per year against +21.47% for IVV. Across the full 5-year window we track, IVV has the edge at +7.03% annualized vs -2.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CTEX has been the more volatile fund, with annualized monthly volatility of 42.2% 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 -70.3% for CTEX 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CTEX charges 0.58% per year while IVV charges 0.03%. On a $10,000 position that is $58 vs $3 annually, a gap of $55 per year that compounds over a long holding period. On income, CTEX currently yields 1.67% against 1.09% for IVV.
Holdings Overlap
CTEX and IVV share 5 holdings out of 530 unique holdings combined, representing a 2.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CTEX or IVV?
CTEX has an expense ratio of 0.58% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, CTEX or IVV?
Over the past year CTEX returned +50.57% vs +22.61% for IVV, so CTEX leads on 1-year performance. Over the longest common window we track (5 years), CTEX annualized -2.22% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, CTEX or IVV?
CTEX has been the more volatile fund at 42.2% annualized versus 15.1% for IVV. Worst drawdown: CTEX -70.3% vs IVV -56.5%.
Should I hold both CTEX and IVV?
CTEX and IVV have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CTEX and IVV?
CTEX and IVV share 5 common holdings with a 2.4% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, CTEX or IVV?
CTEX yields 1.67% while IVV yields 1.09%, so CTEX currently pays the higher dividend yield.
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