IVV vs OPTZ
iShares Core S&P 500 ETF vs Optimize Strategy Index ETF
Quick Verdict
IVV has a lower expense ratio. OPTZ delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | OPTZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $255M | |
| Dividend Yield | 1.09% | 0.42% | |
| Holdings | 508 | 336 | |
| YTD Return | +13.43% | +28.07% | |
| 1Y Return | +22.61% | +44.55% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 19.3% | |
| Max Drawdown | -56.5% | -25.5% | |
| Fund Family | iShares by BlackRock (US) | Optimize Financial | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 23, 2024 |
IVV vs OPTZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Optimize Strategy Index ETF (OPTZ) is a ETF from Optimize Financial. Over the past year IVV returned +22.61% while OPTZ returned +44.55%. Year to date, IVV is up 13.43% versus a gain of 28.07% for OPTZ.
Risk: Volatility and Drawdowns
OPTZ has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -25.5% for OPTZ. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while OPTZ charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.42% for OPTZ.
Holdings Overlap
IVV and OPTZ share 139 holdings out of 700 unique holdings combined, representing a 21.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OPTZ?
IVV has an expense ratio of 0.03% while OPTZ charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or OPTZ?
Over the past year IVV returned +22.61% vs +44.55% for OPTZ, so OPTZ leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +30.88% for OPTZ. Past performance does not guarantee future results.
Which is riskier, IVV or OPTZ?
OPTZ has been the more volatile fund at 19.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs OPTZ -25.5%.
Should I hold both IVV and OPTZ?
IVV and OPTZ have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OPTZ?
IVV and OPTZ share 139 common holdings with a 21.0% weight overlap. Combined, they hold 700 unique securities.
Which pays a higher dividend, IVV or OPTZ?
IVV yields 1.09% while OPTZ yields 0.42%, so IVV currently pays the higher dividend yield.
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