GLDY vs IVV
Defiance Gold Enhanced Options Income 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 | GLDY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.03% | |
| AUM | $26M | $907.0B | |
| Dividend Yield | 3.17% | 1.10% | |
| Holdings | 9 | 508 | |
| YTD Return | -10.84% | +12.71% | |
| 1Y Return | +4.81% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 17.9% | 15.1% | |
| Max Drawdown | -25.9% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2025 | May 15, 2000 |
GLDY vs IVV Performance
Defiance Gold Enhanced Options Income ETF (GLDY) 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 GLDY returned +4.81% while IVV returned +21.89%. Year to date, GLDY is down 10.84% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
GLDY has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -25.9% for GLDY 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GLDY charges 1.04% per year while IVV charges 0.03%. On a $10,000 position that is $104 vs $3 annually, a gap of $101 per year that compounds over a long holding period. On income, GLDY currently yields 3.17% against 1.10% for IVV.
Holdings Overlap
GLDY and IVV share 0 holdings out of 510 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, GLDY or IVV?
GLDY has an expense ratio of 1.04% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, GLDY or IVV?
Over the past year GLDY returned +4.81% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), GLDY annualized +11.99% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GLDY or IVV?
GLDY has been the more volatile fund at 17.9% annualized versus 15.1% for IVV. Worst drawdown: GLDY -25.9% vs IVV -56.5%.
Should I hold both GLDY and IVV?
GLDY and IVV have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLDY and IVV?
GLDY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, GLDY or IVV?
GLDY yields 3.17% while IVV yields 1.10%, so GLDY currently pays the higher dividend yield.
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