IVV vs OND
iShares Core S&P 500 ETF vs Proshares On Demand ETF
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 | OND | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.58% | |
| AUM | $865.2B | $3M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 29 | |
| YTD Return | +13.80% | -12.67% | |
| 1Y Return | +23.01% | -16.61% | |
| 3Y Return (annualized) | +21.77% | +16.97% | |
| 5Y Return (annualized) | +13.39% | - | |
| Volatility (annualized) | 15.1% | 24.7% | |
| Max Drawdown | -56.5% | -59.0% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 26, 2021 |
IVV vs OND Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Proshares On Demand ETF (OND) is a ETF from ProShares. Over the past year IVV returned +23.01% while OND returned -16.61%. Year to date, IVV is up 13.80% versus a loss of 12.67% for OND.
Over three years, IVV compounded at +21.77% per year against +16.97% for OND. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs -1.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OND has been the more volatile fund, with annualized monthly volatility of 24.7% 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 -59.0% for OND. 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 0.77. 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 1.09% against 0.00% for OND.
Holdings Overlap
IVV and OND share 6 holdings out of 527 unique holdings combined, representing a 5.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $55 per year of difference.
Which performed better, IVV or OND?
Over the past year IVV returned +23.01% vs -16.61% for OND, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.04% vs -1.41% for OND. Past performance does not guarantee future results.
Which is riskier, IVV or OND?
OND has been the more volatile fund at 24.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs OND -59.0%.
Should I hold both IVV and OND?
IVV and OND have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OND?
IVV and OND share 6 common holdings with a 5.1% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, IVV or OND?
IVV yields 1.09% while OND yields 0.00%, so IVV currently pays the higher dividend yield.
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