ERNZ vs IVV
TrueShares Active Yield 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 505 holdings.
Side-by-Side Comparison
| Metric | ERNZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 3.25% | 0.03% | |
| AUM | $6M | $865.2B | |
| Dividend Yield | 8.71% | 1.09% | |
| Holdings | 144 | 508 | |
| YTD Return | +3.84% | +14.50% | |
| 1Y Return | -3.17% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 9.6% | 15.1% | |
| Max Drawdown | -14.2% | -56.5% | |
| Fund Family | TrueShares | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 30, 2024 | May 15, 2000 |
ERNZ vs IVV Performance
TrueShares Active Yield ETF (ERNZ) is a ETF from TrueShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ERNZ returned -3.17% while IVV returned +22.02%. Year to date, ERNZ is up 3.84% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.6% for ERNZ. 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 -14.2% for ERNZ 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ERNZ charges 3.25% per year while IVV charges 0.03%. On a $10,000 position that is $325 vs $3 annually, a gap of $322 per year that compounds over a long holding period. On income, ERNZ currently yields 8.71% against 1.09% for IVV.
Holdings Overlap
ERNZ and IVV share 30 holdings out of 616 unique holdings combined, representing a 3.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ERNZ or IVV?
ERNZ has an expense ratio of 3.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $322 per year of difference.
Which performed better, ERNZ or IVV?
Over the past year ERNZ returned -3.17% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), ERNZ annualized -0.17% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, ERNZ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.6% for ERNZ. Worst drawdown: ERNZ -14.2% vs IVV -56.5%.
Should I hold both ERNZ and IVV?
ERNZ and IVV have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ERNZ and IVV?
ERNZ and IVV share 30 common holdings with a 3.9% weight overlap. Combined, they hold 616 unique securities.
Which pays a higher dividend, ERNZ or IVV?
ERNZ yields 8.71% while IVV yields 1.09%, so ERNZ currently pays the higher dividend yield.
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