IVV vs SEPU
iShares Core S&P 500 ETF vs AllianzIM US Equity Buffer15 Uncapped 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 | SEPU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.74% | |
| AUM | $865.2B | $156M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 4 | |
| YTD Return | +13.72% | +10.48% | |
| 1Y Return | +21.64% | +15.91% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 9.5% | |
| Max Drawdown | -56.5% | -11.8% | |
| Fund Family | iShares by BlackRock (US) | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 30, 2024 |
IVV vs SEPU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and AllianzIM US Equity Buffer15 Uncapped Sep ETF (SEPU) is a ETF from AllianzIM. Over the past year IVV returned +21.64% while SEPU returned +15.91%. Year to date, IVV is up 13.72% versus a gain of 10.48% for SEPU.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.5% for SEPU. 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 -11.8% for SEPU. 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 0.99. 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 SEPU 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 SEPU.
Frequently Asked Questions
Which is cheaper, IVV or SEPU?
IVV has an expense ratio of 0.03% while SEPU 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 SEPU?
Over the past year IVV returned +21.64% vs +15.91% for SEPU, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +14.40% for SEPU. Past performance does not guarantee future results.
Which is riskier, IVV or SEPU?
IVV has been the more volatile fund at 15.1% annualized versus 9.5% for SEPU. Worst drawdown: IVV -56.5% vs SEPU -11.8%.
Should I hold both IVV and SEPU?
IVV and SEPU have a monthly-return correlation of 0.99, 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 SEPU?
IVV yields 1.09% while SEPU yields 0.00%, so IVV currently pays the higher dividend yield.
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