IVV vs PVEX
iShares Core S&P 500 ETF vs TrueShares ConVex Protect ETF
Which is better, IVV or PVEX?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | PVEX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.82% |
| AUM | $876.4B | $58M |
| Dividend Yield | 1.06% | 0.07% |
| Holdings | 508 | 106 |
| YTD Return | +13.85%Best | +9.95% |
| 1Y Return | +18.57%Best | +12.92% |
| 3Y Return (annualized) | +23.50% | - |
| 5Y Return (annualized) | +13.34% | - |
| Volatility (annualized) | 11.8% | 11.2%Best |
| Max Drawdown | -8.9% | -7.8%Best |
| $10,000 over 1.2 years | $12,574Best | $12,388 |
| Fund Family | iShares by BlackRock (US) | TrueShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | - |
| Inception | May 15, 2000 | Jun 27, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jun 30, 2025 to Sep 25, 2026 (1.2 years).
IVV vs PVEX 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 1.2 years both funds cover.
IVV vs PVEX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and TrueShares ConVex Protect ETF (PVEX) is an ETF from TrueShares. Over the past year IVV returned +18.57% while PVEX returned +12.92%. Year to date, IVV is up 13.85% versus a gain of 9.95% for PVEX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 11.2% for PVEX. 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 -8.9% for IVV and -7.8% for PVEX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PVEX charges 0.82%. On a $10,000 position that is $3 vs $82 annually, a gap of $79 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.07% for PVEX.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 19 in PVEX, totalling 99.3% and 58.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 19 in PVEX, against full books of 508 and 106.
You are not choosing between two funds in isolation.
Whichever of IVV and PVEX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PVEX?
IVV has an expense ratio of 0.03% while PVEX charges 0.82%. IVV is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, IVV or PVEX?
Over the past year IVV returned +18.57% vs +12.92% for PVEX, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +21.03% vs +19.54% for PVEX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PVEX?
IVV has been the more volatile fund at 11.8% annualized versus 11.2% for PVEX. Worst drawdown: IVV -8.9% vs PVEX -7.8%.
Should I hold both IVV and PVEX?
IVV and PVEX have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or PVEX?
IVV yields 1.06% while PVEX yields 0.07%, so IVV currently pays the higher dividend yield.
Is PVEX better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.