IVV vs SDD
iShares Core S&P 500 ETF vs ProShares UltraShort SmallCap600
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 | SDD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $865.2B | $1M | |
| Dividend Yield | 1.09% | 6.58% | |
| Holdings | 508 | 4 | |
| YTD Return | +13.43% | -33.36% | |
| 1Y Return | +22.61% | -45.42% | |
| 3Y Return (annualized) | +21.47% | -25.63% | |
| 5Y Return (annualized) | +13.26% | -17.59% | |
| Volatility (annualized) | 15.1% | 38.8% | |
| Max Drawdown | -56.5% | -100.0% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 23, 2007 |
IVV vs SDD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares UltraShort SmallCap600 (SDD) is a ETF from ProShares. Over the past year IVV returned +22.61% while SDD returned -45.42%. Year to date, IVV is up 13.43% versus a loss of 33.36% for SDD.
Over three years, IVV compounded at +21.47% per year against -25.63% for SDD; over five years the annualized figures are +13.26% and -17.59% respectively. Across the full 20-year window we track, IVV has the edge at +7.03% annualized vs -29.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SDD has been the more volatile fund, with annualized monthly volatility of 38.8% 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 -100.0% for SDD. 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 -0.83. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SDD charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.58% for SDD.
Frequently Asked Questions
Which is cheaper, IVV or SDD?
IVV has an expense ratio of 0.03% while SDD charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or SDD?
Over the past year IVV returned +22.61% vs -45.42% for SDD, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.03% vs -29.73% for SDD. Past performance does not guarantee future results.
Which is riskier, IVV or SDD?
SDD has been the more volatile fund at 38.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SDD -100.0%.
Should I hold both IVV and SDD?
IVV and SDD have a monthly-return correlation of -0.83, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or SDD?
IVV yields 1.09% while SDD yields 6.58%, so SDD currently pays the higher dividend yield.
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