IVV vs MAYP
iShares Core S&P 500 ETF vs PGIM S&P 500 Buffer 12 ETF - May
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 | MAYP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $865.2B | $27M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 7 | |
| YTD Return | +13.72% | +7.09% | |
| 1Y Return | +21.64% | +11.17% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 4.3% | |
| Max Drawdown | -56.5% | -11.1% | |
| Fund Family | iShares by BlackRock (US) | PGIM Investments | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | May 1, 2024 |
IVV vs MAYP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PGIM S&P 500 Buffer 12 ETF - May (MAYP) is a ETF from PGIM Investments. Over the past year IVV returned +21.64% while MAYP returned +11.17%. Year to date, IVV is up 13.72% versus a gain of 7.09% for MAYP.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.3% for MAYP. 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 -11.1% for MAYP. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MAYP charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for MAYP.
Frequently Asked Questions
Which is cheaper, IVV or MAYP?
IVV has an expense ratio of 0.03% while MAYP charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or MAYP?
Over the past year IVV returned +21.64% vs +11.17% for MAYP, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +13.23% for MAYP. Past performance does not guarantee future results.
Which is riskier, IVV or MAYP?
IVV has been the more volatile fund at 15.1% annualized versus 4.3% for MAYP. Worst drawdown: IVV -56.5% vs MAYP -11.1%.
Should I hold both IVV and MAYP?
IVV and MAYP have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or MAYP?
IVV yields 1.09% while MAYP yields 0.00%, so IVV currently pays the higher dividend yield.
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