IVV vs MAKX
iShares Core S&P 500 ETF vs Proshares S&P Kensho Smart Factories ETF
Quick Verdict
IVV has a lower expense ratio. MAKX delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MAKX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.58% | |
| AUM | $907.0B | $5M | |
| Dividend Yield | 1.10% | 0.14% | |
| Holdings | 508 | 25 | |
| YTD Return | +12.71% | +31.01% | |
| 1Y Return | +21.89% | +36.35% | |
| 3Y Return (annualized) | +22.08% | +24.78% | |
| 5Y Return (annualized) | +12.96% | +11.44% | |
| Volatility (annualized) | 15.1% | 29.2% | |
| Max Drawdown | -56.5% | -40.3% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 29, 2021 |
IVV vs MAKX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Proshares S&P Kensho Smart Factories ETF (MAKX) is a ETF from ProShares. Over the past year IVV returned +21.89% while MAKX returned +36.35%. Year to date, IVV is up 12.71% versus a gain of 31.01% for MAKX.
Over three years, IVV compounded at +22.08% per year against +24.78% for MAKX; over five years the annualized figures are +12.96% and +11.44% respectively. Across the full 5-year window we track, MAKX has the edge at +11.44% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAKX has been the more volatile fund, with annualized monthly volatility of 29.2% compared with 15.1% 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 -56.5% for IVV and -40.3% for MAKX. 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 0.83. 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 1.10% against 0.14% for MAKX.
Holdings Overlap
IVV and MAKX share 9 holdings out of 520 unique holdings combined, representing a 4.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $55 per year of difference.
Which performed better, IVV or MAKX?
Over the past year IVV returned +21.89% vs +36.35% for MAKX, so MAKX leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs +11.44% for MAKX. Past performance does not guarantee future results.
Which is riskier, IVV or MAKX?
MAKX has been the more volatile fund at 29.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MAKX -40.3%.
Should I hold both IVV and MAKX?
IVV and MAKX have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MAKX?
IVV and MAKX share 9 common holdings with a 4.1% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, IVV or MAKX?
IVV yields 1.10% while MAKX yields 0.14%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.