IVV vs JETD
iShares Core S&P 500 ETF vs MAX Airlines -3X Inverse Leveraged ETN
Which is better, IVV or JETD?
Opposite sides of the same exposure.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.65, so holding both offsets the exposure while paying both fees. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 86.5%.
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 | IVV | JETD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.95% |
| AUM | $896.5B | $6M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 19 |
| YTD Return | +12.65%Best | -16.03% |
| 1Y Return | +16.83%Best | -46.75% |
| 3Y Return (annualized) | +22.09%Best | -53.26% |
| 5Y Return (annualized) | +12.87% | - |
| Volatility (annualized) | 12.5%Best | 62.7% |
| Max Drawdown | -18.8%Best | -95.6% |
| $10,000 over 3.3 years | $18,236Best | $1,559 |
| Top 10 Weight | 38.9%Best | 86.5% |
| Fund Family | iShares by BlackRock (US) | BMO Capital Markets |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Jun 23, 2023 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 21, 2023 to Oct 16, 2026 (3.3 years).
IVV vs JETD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.3 years both funds cover.
IVV vs JETD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and MAX Airlines -3X Inverse Leveraged ETN (JETD) is an ETF from BMO Capital Markets. Over the past year IVV returned +16.83% while JETD returned -46.75%. Year to date, IVV is up 12.65% versus a loss of 16.03% for JETD.
Over three years, IVV compounded at +22.09% per year against -53.26% for JETD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JETD has been the more volatile fund, with annualized monthly volatility of 62.7% compared with 12.5% 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 -18.8% for IVV and -95.6% for JETD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.65. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
IVV charges 0.03% per year while JETD charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for JETD.
Holdings Overlap
1.4% of IVV's money is in holdings JETD also owns. 72.5% of JETD's money is in holdings IVV also owns.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
9 positions in common, counted across the 506 positions we hold weights for in IVV and 19 in JETD, against full books of 508 and 19.
What only one of them owns
Our book lists 6 positions for JETD that do not appear in our book for IVV (16.1% of the fund), and 491 for IVV that do not appear in JETD (98.1%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in JETD | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 0.49% | 9.11% | 8.62% |
| DALDl Co., Ltd. | 0.08% | 9.46% | 9.38% |
| HWMHowmet Aerospace | 0.14% | 9.03% | 8.89% |
| BABoeing Co | 0.23% | 8.60% | 8.37% |
| UALUnited Airlines Holdings Inc. | 0.05% | 8.76% | 8.71% |
| FDXFedex Corp | 0.10% | 8.60% | 8.50% |
| UPSUnited Parcel Service, Inc | 0.11% | 8.29% | 8.18% |
| GDGeneral Dynamics Corp. | 0.13% | 6.38% | 6.25% |
| LUVSouthwest Airlines Co. | 0.03% | 4.25% | 4.22% |
72.5% of JETD 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, IVV or JETD?
IVV has an expense ratio of 0.03% while JETD charges 0.95%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, IVV or JETD?
Over the past year IVV returned +16.83% vs -46.75% for JETD, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JETD?
JETD has been the more volatile fund at 62.7% annualized versus 12.5% for IVV. Worst drawdown: IVV -18.8% vs JETD -95.6%.
Should I hold both IVV and JETD?
IVV and JETD have a monthly-return correlation of -0.65, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
What is the holdings overlap between IVV and JETD?
72.5% of JETD's money is in holdings IVV also owns. 72.5% of JETD's is in holdings IVV also owns. They hold 9 positions in common, counted across the 506 positions we hold weights for in IVV and 19 in JETD.
Which pays a higher dividend, IVV or JETD?
IVV yields 1.10% while JETD yields 0.00%, so IVV currently pays the higher dividend yield.
Is JETD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.65, so holding both offsets the exposure while paying both fees. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 86.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.