CVNX vs IVV
Defiance Daily Target 2X Long CVNA 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 | CVNX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.03% | |
| AUM | $3M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 8 | 508 | |
| YTD Return | -40.00% | +12.71% | |
| 1Y Return | -37.73% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 96.8% | 15.1% | |
| Max Drawdown | -69.6% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | May 28, 2025 | May 15, 2000 |
CVNX vs IVV Performance
Defiance Daily Target 2X Long CVNA ETF (CVNX) is a ETF from Defiance ETFs, LLC and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CVNX returned -37.73% while IVV returned +21.89%. Year to date, CVNX is down 40.00% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
CVNX has been the more volatile fund, with annualized monthly volatility of 96.8% 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 -69.6% for CVNX 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVNX charges 1.29% per year while IVV charges 0.03%. On a $10,000 position that is $129 vs $3 annually, a gap of $126 per year that compounds over a long holding period. On income, CVNX currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
CVNX and IVV share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVNX or IVV?
CVNX has an expense ratio of 1.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $126 per year of difference.
Which performed better, CVNX or IVV?
Over the past year CVNX returned -37.73% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), CVNX annualized -29.28% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CVNX or IVV?
CVNX has been the more volatile fund at 96.8% annualized versus 15.1% for IVV. Worst drawdown: CVNX -69.6% vs IVV -56.5%.
Should I hold both CVNX and IVV?
CVNX and IVV have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVNX and IVV?
CVNX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, CVNX or IVV?
CVNX yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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