GMMA vs IVV
GammaRoad Market Navigation 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 | GMMA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.77% | 0.03% | |
| AUM | $7M | $907.0B | |
| Dividend Yield | 3.45% | 1.10% | |
| Holdings | 4 | 508 | |
| YTD Return | +4.99% | +12.71% | |
| 1Y Return | +8.89% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 6.3% | 15.1% | |
| Max Drawdown | -5.7% | -56.5% | |
| Fund Family | GammaRoad | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 16, 2024 | May 15, 2000 |
GMMA vs IVV Performance
GammaRoad Market Navigation ETF (GMMA) is a ETF from GammaRoad and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GMMA returned +8.89% while IVV returned +21.89%. Year to date, GMMA is up 4.99% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.3% for GMMA. 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 -5.7% for GMMA 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GMMA charges 0.77% per year while IVV charges 0.03%. On a $10,000 position that is $77 vs $3 annually, a gap of $74 per year that compounds over a long holding period. On income, GMMA currently yields 3.45% against 1.10% for IVV.
Holdings Overlap
GMMA 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, GMMA or IVV?
GMMA has an expense ratio of 0.77% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, GMMA or IVV?
Over the past year GMMA returned +8.89% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), GMMA annualized +7.20% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GMMA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.3% for GMMA. Worst drawdown: GMMA -5.7% vs IVV -56.5%.
Should I hold both GMMA and IVV?
GMMA and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMMA and IVV?
GMMA and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, GMMA or IVV?
GMMA yields 3.45% while IVV yields 1.10%, so GMMA currently pays the higher dividend yield.
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