IVV vs OND
iShares Core S&P 500 ETF vs Proshares On Demand ETF
Which is better, IVV or OND?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 47.2%.
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 | OND |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.58% |
| AUM | $886.7B | $3M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 27 |
| YTD Return | +13.39%Best | -16.31% |
| 1Y Return | +20.08%Best | -21.87% |
| 3Y Return (annualized) | +21.29%Best | +14.79% |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 15.6%Best | 24.4% |
| Max Drawdown | -24.5%Best | -59.0% |
| $10,000 over 4.9 years | $18,256Best | $8,945 |
| Top 10 Weight | 37.9%Best | 47.2% |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Oct 26, 2021 |
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Oct 27, 2021 to Sep 4, 2026 (4.9 years).
IVV vs OND 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 4.9 years both funds cover.
IVV vs OND Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Proshares On Demand ETF (OND) is an ETF from ProShares. Over the past year IVV returned +20.08% while OND returned -21.87%. Year to date, IVV is up 13.39% versus a loss of 16.31% for OND.
Over three years, IVV compounded at +21.29% per year against +14.79% for OND.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OND has been the more volatile fund, with annualized monthly volatility of 24.4% compared with 15.6% 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 -59.0% for OND. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while OND 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 0.00% for OND.
Holdings Overlap
8.8% of IVV's money is in holdings OND also owns. 23.7% of OND's money is in holdings IVV also owns.
OND and IVV share little of their money.
5 positions in common, counted across the 505 positions we hold weights for in IVV and 27 in OND, against full books of 508 and 27.
What only one of them owns
Our book lists 6 positions for OND that do not appear in our book for IVV (19.1% of the fund), and 492 for IVV that do not appear in OND (90.5%).
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.
23.7% of OND 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 OND?
IVV has an expense ratio of 0.03% while OND charges 0.58%. IVV is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, IVV or OND?
Over the past year IVV returned +20.08% vs -21.87% for OND, 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 OND?
OND has been the more volatile fund at 24.4% annualized versus 15.6% for IVV. Worst drawdown: IVV -24.5% vs OND -59.0%.
Should I hold both IVV and OND?
IVV and OND have a monthly-return correlation of 0.77, 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 OND?
23.7% of OND's money is in holdings IVV also owns. 23.7% of OND's is in holdings IVV also owns. They hold 5 positions in common, counted across the 505 positions we hold weights for in IVV and 27 in OND.
Which pays a higher dividend, IVV or OND?
IVV yields 1.10% while OND yields 0.00%, so IVV currently pays the higher dividend yield.
Is OND better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.