IVV vs JETU
iShares Core S&P 500 ETF vs MAX Airlines 3X Leveraged ETN
Which is better, IVV or JETU?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. 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 | JETU |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.95% |
| AUM | $896.5B | $3M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 19 |
| YTD Return | +13.62%Best | -33.29% |
| 1Y Return | +13.62%Best | -16.44% |
| 3Y Return (annualized) | +24.47%Best | +18.07% |
| 5Y Return (annualized) | +12.71% | - |
| Volatility (annualized) | 12.5%Best | 62.1% |
| Max Drawdown | -18.8%Best | -68.6% |
| $10,000 over 3.4 years | $18,629Best | $8,280 |
| 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 3.4 years row, are measured over the window both funds cover: Jun 21, 2023 to Oct 27, 2026 (3.4 years).
IVV vs JETU 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 3.4 years both funds cover.
IVV vs JETU Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and MAX Airlines 3X Leveraged ETN (JETU) is an ETF from BMO Capital Markets. Over the past year IVV returned +13.62% while JETU returned -16.44%. Year to date, IVV is up 13.62% versus a loss of 33.29% for JETU.
Over three years, IVV compounded at +24.47% per year against +18.07% for JETU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JETU has been the more volatile fund, with annualized monthly volatility of 62.1% 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 -68.6% for JETU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while JETU 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 JETU.
Holdings Overlap
1.4% of IVV's money is in holdings JETU also owns. 72.5% of JETU's money is in holdings IVV also owns.
Most of JETU is already inside IVV. Owning both mostly buys the same companies twice.
9 positions in common, counted across the 506 positions we hold weights for in IVV and 19 in JETU, against full books of 508 and 19.
What only one of them owns
Our book lists 6 positions for JETU that do not appear in our book for IVV (16.1% of the fund), and 491 for IVV that do not appear in JETU (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 JETU | 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 JETU 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 JETU?
IVV has an expense ratio of 0.03% while JETU charges 0.95%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, IVV or JETU?
Over the past year IVV returned +13.62% vs -16.44% for JETU, 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 JETU?
JETU has been the more volatile fund at 62.1% annualized versus 12.5% for IVV. Worst drawdown: IVV -18.8% vs JETU -68.6%.
Should I hold both IVV and JETU?
IVV and JETU have a monthly-return correlation of 0.66, 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 IVV and JETU?
72.5% of JETU's money is in holdings IVV also owns. 72.5% of JETU'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 JETU.
Which pays a higher dividend, IVV or JETU?
IVV yields 1.10% while JETU yields 0.00%, so IVV currently pays the higher dividend yield.
Is JETU better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. 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.