DIPS vs IVV
YieldMax Short NVDA 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 | DIPS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | |
| AUM | $7M | $907.0B | |
| Dividend Yield | 63.99% | 1.10% | |
| Holdings | 13 | 508 | |
| YTD Return | -12.57% | +13.25% | |
| 1Y Return | -13.55% | +19.95% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 26.2% | 15.1% | |
| Max Drawdown | -59.9% | -56.5% | |
| Fund Family | YieldMax ETF | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 23, 2024 | May 15, 2000 |
DIPS vs IVV Performance
YieldMax Short NVDA Option Income Strategy ETF (DIPS) 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 DIPS returned -13.55% while IVV returned +19.95%. Year to date, DIPS is down 12.57% versus a gain of 13.25% for IVV.
Risk: Volatility and Drawdowns
DIPS has been the more volatile fund, with annualized monthly volatility of 26.2% 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 -59.9% for DIPS 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 -0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DIPS charges 1.05% per year while IVV charges 0.03%. On a $10,000 position that is $105 vs $3 annually, a gap of $102 per year that compounds over a long holding period. On income, DIPS currently yields 63.99% against 1.10% for IVV.
Holdings Overlap
DIPS and IVV share 0 holdings out of 508 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, DIPS or IVV?
DIPS has an expense ratio of 1.05% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, DIPS or IVV?
Over the past year DIPS returned -13.55% vs +19.95% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), DIPS annualized -31.15% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, DIPS or IVV?
DIPS has been the more volatile fund at 26.2% annualized versus 15.1% for IVV. Worst drawdown: DIPS -59.9% vs IVV -56.5%.
Should I hold both DIPS and IVV?
DIPS and IVV have a monthly-return correlation of -0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIPS and IVV?
DIPS and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, DIPS or IVV?
DIPS yields 63.99% while IVV yields 1.10%, so DIPS currently pays the higher dividend yield.
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