IVV vs OZEM
iShares Core S&P 500 ETF vs Roundhill GLP-1 & Weight Loss ETF
Quick Verdict
IVV has a lower expense ratio. OZEM delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | OZEM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.59% | |
| AUM | $865.2B | $63M | |
| Dividend Yield | 1.09% | 0.21% | |
| Holdings | 508 | 28 | |
| YTD Return | +14.50% | -2.52% | |
| 1Y Return | +22.02% | +37.62% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 20.0% | |
| Max Drawdown | -56.5% | -28.6% | |
| Fund Family | iShares by BlackRock (US) | Roundhill Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 21, 2024 |
IVV vs OZEM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Roundhill GLP-1 & Weight Loss ETF (OZEM) is a ETF from Roundhill Investments. Over the past year IVV returned +22.02% while OZEM returned +37.62%. Year to date, IVV is up 14.50% versus a loss of 2.52% for OZEM.
Risk: Volatility and Drawdowns
OZEM has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -28.6% for OZEM. 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OZEM charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.21% for OZEM.
Holdings Overlap
IVV and OZEM share 4 holdings out of 526 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OZEM?
IVV has an expense ratio of 0.03% while OZEM charges 0.59%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IVV or OZEM?
Over the past year IVV returned +22.02% vs +37.62% for OZEM, so OZEM leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.07% vs +13.95% for OZEM. Past performance does not guarantee future results.
Which is riskier, IVV or OZEM?
OZEM has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs OZEM -28.6%.
Should I hold both IVV and OZEM?
IVV and OZEM have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OZEM?
IVV and OZEM share 4 common holdings with a 2.2% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, IVV or OZEM?
IVV yields 1.09% while OZEM yields 0.21%, so IVV currently pays the higher dividend yield.
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