CVNY vs IVV
YieldMax CVNA Option Income 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 | CVNY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.03% | |
| AUM | $21M | $907.0B | |
| Dividend Yield | 116.34% | 1.10% | |
| Holdings | 14 | 508 | |
| YTD Return | -2.43% | +14.29% | |
| 1Y Return | +14.70% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 45.9% | 15.1% | |
| Max Drawdown | -43.3% | -56.5% | |
| Fund Family | YieldMax ETF | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 29, 2025 | May 15, 2000 |
CVNY vs IVV Performance
YieldMax CVNA Option Income Strategy ETF (CVNY) is a ETF from YieldMax ETF and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CVNY returned +14.70% while IVV returned +21.79%. Year to date, CVNY is down 2.43% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
CVNY has been the more volatile fund, with annualized monthly volatility of 45.9% 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 -43.3% for CVNY 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
CVNY charges 1.09% per year while IVV charges 0.03%. On a $10,000 position that is $109 vs $3 annually, a gap of $106 per year that compounds over a long holding period. On income, CVNY currently yields 116.34% against 1.10% for IVV.
Holdings Overlap
CVNY and IVV share 0 holdings out of 506 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, CVNY or IVV?
CVNY has an expense ratio of 1.09% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $106 per year of difference.
Which performed better, CVNY or IVV?
Over the past year CVNY returned +14.70% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CVNY annualized +26.48% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, CVNY or IVV?
CVNY has been the more volatile fund at 45.9% annualized versus 15.1% for IVV. Worst drawdown: CVNY -43.3% vs IVV -56.5%.
Should I hold both CVNY and IVV?
CVNY 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 CVNY and IVV?
CVNY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, CVNY or IVV?
CVNY yields 116.34% while IVV yields 1.10%, so CVNY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.