IVV vs KPRO
iShares Core S&P 500 ETF vs KraneShares 100% KWEB Defined Outcome January 2026 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | KPRO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.04% | |
| AUM | $865.2B | $3M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 4 | |
| YTD Return | +13.80% | -4.35% | |
| 1Y Return | +23.01% | -5.40% | |
| 3Y Return (annualized) | +21.77% | - | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 8.1% | |
| Max Drawdown | -56.5% | -15.4% | |
| Fund Family | iShares by BlackRock (US) | KraneShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Feb 7, 2024 |
IVV vs KPRO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and KraneShares 100% KWEB Defined Outcome January 2026 ETF (KPRO) is a ETF from KraneShares. Over the past year IVV returned +23.01% while KPRO returned -5.40%. Year to date, IVV is up 13.80% versus a loss of 4.35% for KPRO.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.1% for KPRO. 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 -56.5% for IVV and -15.4% for KPRO. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KPRO charges 1.04%. On a $10,000 position that is $3 vs $104 annually, a gap of $101 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for KPRO.
Holdings Overlap
IVV and KPRO share 0 holdings out of 506 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, IVV or KPRO?
IVV has an expense ratio of 0.03% while KPRO charges 1.04%. IVV is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, IVV or KPRO?
Over the past year IVV returned +23.01% vs -5.40% for KPRO, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +4.07% for KPRO. Past performance does not guarantee future results.
Which is riskier, IVV or KPRO?
IVV has been the more volatile fund at 15.1% annualized versus 8.1% for KPRO. Worst drawdown: IVV -56.5% vs KPRO -15.4%.
Should I hold both IVV and KPRO?
IVV and KPRO have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KPRO?
IVV and KPRO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or KPRO?
IVV yields 1.09% while KPRO yields 0.00%, so IVV currently pays the higher dividend yield.
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