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 and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 49.7%.
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 | $896.5B | $2M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 27 |
| Volatility (annualized) | 15.5%Best | 24.4% |
| Max Drawdown | -24.5%Best | -59.0% |
| $10,000 over 5 years | $18,473Best | $8,548 |
| Top 10 Weight | 38.9%Best | 49.7% |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Oct 26, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 18 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Oct 30, 2026 and OND through Oct 12, 2026.
Volatility and max drawdown, and the $10,000 over 5 years row, are measured over the window both funds cover: Oct 27, 2021 to Oct 12, 2026 (5 years).
Risk: Volatility and Drawdowns
OND has been the more volatile fund, with annualized monthly volatility of 24.4% compared with 15.5% 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
9.2% of IVV's money is in holdings OND also owns. 24.8% 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 506 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 5 positions for OND that do not appear in our book for IVV (15.3% of the fund), and 495 for IVV that do not appear in OND (90.2%).
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.
24.8% 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 is riskier, IVV or OND?
OND has been the more volatile fund at 24.4% annualized versus 15.5% 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?
24.8% of OND's money is in holdings IVV also owns. 24.8% of OND's is in holdings IVV also owns. They hold 5 positions in common, counted across the 506 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 and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 49.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.