FIVY vs IVV
YieldMax Dorsey Wright Hybrid 5 Income ETF vs iShares Core S&P 500 ETF
Which is better, FIVY or IVV?
Multi Alternative against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 99.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FIVY | IVV |
|---|---|---|
| Expense Ratio | 0.70% | 0.03%Best |
| AUM | $5M | $882.6B |
| Dividend Yield | 46.67% | 1.06% |
| Holdings | 12 | 508 |
| Volatility (annualized) | 24.9% | 13.4%Best |
| Max Drawdown | -32.8% | -18.8%Best |
| $10,000 over 1.5 years | $8,199 | $12,745Best |
| Top 10 Weight | 99.0% | 38.1%Best |
| Fund Family | YieldMax ETF | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Dec 16, 2024 | May 15, 2000 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 116 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FIVY has data through Jun 15, 2026 and IVV through Oct 9, 2026.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Dec 17, 2024 to Jun 15, 2026 (1.5 years).
Risk: Volatility and Drawdowns
FIVY has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 13.4% 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 -32.8% for FIVY and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FIVY charges 0.70% per year while IVV charges 0.03%. On a $10,000 position that is $70 vs $3 annually, a gap of $67 per year that compounds over a long holding period. On income, FIVY currently yields 46.67% against 1.06% for IVV.
Holdings Overlap
25.3% of FIVY's money is in holdings IVV also owns. 11.1% of IVV's money is in holdings FIVY also owns.
FIVY and IVV share little of their money.
The two holdings books were reported 134 days apart, FIVY as of Apr 30, 2026 and IVV as of Sep 11, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 11 positions we hold weights for in FIVY and 505 in IVV, against full books of 12 and 508.
What only one of them owns
Our book lists 494 positions for IVV that do not appear in our book for FIVY (88.2% of the fund), and 7 for FIVY that do not appear in IVV (65.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
25.3% of FIVY is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FIVY or IVV?
FIVY has an expense ratio of 0.70% while IVV charges 0.03%. IVV is the cheaper option, by $67 a year on a $10,000 investment.
Which is riskier, FIVY or IVV?
FIVY has been the more volatile fund at 24.9% annualized versus 13.4% for IVV. Worst drawdown: FIVY -32.8% vs IVV -18.8%.
Should I hold both FIVY and IVV?
FIVY and IVV have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FIVY and IVV?
25.3% of FIVY's money is in holdings IVV also owns. 11.1% of IVV's is in holdings FIVY also owns. They hold 3 positions in common, counted across the 11 positions we hold weights for in FIVY and 505 in IVV.
Which pays a higher dividend, FIVY or IVV?
FIVY yields 46.67% while IVV yields 1.06%, so FIVY currently pays the higher dividend yield.
Is IVV better than FIVY?
IVV has a lower expense ratio. IVV led over 1Y and the full window. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 99.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.