IVV vs SEPT
iShares Core S&P 500 ETF vs AllianzIM US Equity Buffer10 Sep 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 | SEPT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.74% | |
| AUM | $865.2B | $33M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 5 | |
| YTD Return | +13.72% | +8.76% | |
| 1Y Return | +21.64% | +14.91% | |
| 3Y Return (annualized) | +21.55% | +15.45% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 7.8% | |
| Max Drawdown | -56.5% | -12.8% | |
| Fund Family | iShares by BlackRock (US) | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 31, 2023 |
IVV vs SEPT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and AllianzIM US Equity Buffer10 Sep ETF (SEPT) is a ETF from AllianzIM. Over the past year IVV returned +21.64% while SEPT returned +14.91%. Year to date, IVV is up 13.72% versus a gain of 8.76% for SEPT.
Over three years, IVV compounded at +21.55% per year against +15.45% for SEPT. Across the full 3-year window we track, SEPT has the edge at +15.45% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.8% for SEPT. 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 -12.8% for SEPT. 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 0.97. 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 SEPT charges 0.74%. On a $10,000 position that is $3 vs $74 annually, a gap of $71 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for SEPT.
Frequently Asked Questions
Which is cheaper, IVV or SEPT?
IVV has an expense ratio of 0.03% while SEPT charges 0.74%. IVV is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, IVV or SEPT?
Over the past year IVV returned +21.64% vs +14.91% for SEPT, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +15.45% for SEPT. Past performance does not guarantee future results.
Which is riskier, IVV or SEPT?
IVV has been the more volatile fund at 15.1% annualized versus 7.8% for SEPT. Worst drawdown: IVV -56.5% vs SEPT -12.8%.
Should I hold both IVV and SEPT?
IVV and SEPT have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, IVV or SEPT?
IVV yields 1.09% while SEPT yields 0.00%, so IVV currently pays the higher dividend yield.
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