IVV vs MAKX
iShares Core S&P 500 ETF vs Proshares S&P Kensho Smart Factories ETF
Which is better, IVV or MAKX?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 5Y and the full window, MAKX over 1Y and 3Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 59.1%.
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 | MAKX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.58% |
| AUM | $876.4B | $5M |
| Dividend Yield | 1.06% | 0.14% |
| Holdings | 508 | 25 |
| YTD Return | +12.27% | +26.30%Best |
| 1Y Return | +17.04% | +27.12%Best |
| 3Y Return (annualized) | +21.24% | +24.15%Best |
| 5Y Return (annualized) | +13.08%Best | +10.44% |
| Volatility (annualized) | 15.7%Best | 29.0% |
| Max Drawdown | -24.5%Best | -40.3% |
| $10,000 over 5 years | $18,490Best | $16,430 |
| Top 10 Weight | 37.8%Best | 59.1% |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Sep 29, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Sep 30, 2021 to Sep 17, 2026 (5 years).
IVV vs MAKX 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 5 years both funds cover.
IVV vs MAKX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Proshares S&P Kensho Smart Factories ETF (MAKX) is an ETF from ProShares. Over the past year IVV returned +17.04% while MAKX returned +27.12%. Year to date, IVV is up 12.27% versus a gain of 26.30% for MAKX.
Over three years, IVV compounded at +21.24% per year against +24.15% for MAKX; over five years the annualized figures are +13.08% and +10.44% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAKX has been the more volatile fund, with annualized monthly volatility of 29.0% compared with 15.7% 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 -24.5% for IVV and -40.3% for MAKX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MAKX charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.14% for MAKX.
Holdings Overlap
9.1% of IVV's money is in holdings MAKX also owns. 32.8% of MAKX's money is in holdings IVV also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 490 positions we hold weights for in IVV and 24 in MAKX, against full books of 508 and 25.
What only one of them owns
Our book lists 13 positions for MAKX that do not appear in our book for IVV (59.1% of the fund), and 474 for IVV that do not appear in MAKX (89.6%).
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 MAKX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 3.47% | 4.60% |
| ADSKAutodesk, Inc. | 0.08% | 6.54% | 6.46% |
| EMREmerson Electric Co. | 0.13% | 6.33% | 6.20% |
| ZBRAZebra Technologies Corp | 0.03% | 5.02% | 4.99% |
| AMATApplied Materials, Inc. | 0.55% | 3.49% | 2.94% |
| SNPSSynopsys | 0.13% | 2.85% | 2.72% |
| DOVDover Corp. | 0.04% | 2.79% | 2.75% |
| ONOn Semiconductor Corp | 0.04% | 2.29% | 2.25% |
32.8% of MAKX 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 MAKX?
IVV has an expense ratio of 0.03% while MAKX charges 0.58%. IVV is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, IVV or MAKX?
Over the past year IVV returned +17.04% vs +27.12% for MAKX, so MAKX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MAKX?
MAKX has been the more volatile fund at 29.0% annualized versus 15.7% for IVV. Worst drawdown: IVV -24.5% vs MAKX -40.3%.
Should I hold both IVV and MAKX?
IVV and MAKX have a monthly-return correlation of 0.82, 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 MAKX?
32.8% of MAKX's money is in holdings IVV also owns. 32.8% of MAKX's is in holdings IVV also owns. They hold 8 positions in common, counted across the 490 positions we hold weights for in IVV and 24 in MAKX.
Which pays a higher dividend, IVV or MAKX?
IVV yields 1.06% while MAKX yields 0.14%, so IVV currently pays the higher dividend yield.
Is MAKX better than IVV?
IVV has a lower expense ratio. IVV led over 5Y and the full window, MAKX over 1Y and 3Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 59.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.