IVV vs SEPZ
iShares Core S&P 500 ETF vs TrueShares Structured Outcome (September) ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SEPZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $907.0B | $132M | |
| Dividend Yield | 1.10% | 2.05% | |
| Holdings | 508 | 17 | |
| YTD Return | +12.71% | +9.67% | |
| 1Y Return | +21.89% | +14.00% | |
| 3Y Return (annualized) | +22.08% | +13.92% | |
| 5Y Return (annualized) | +12.96% | +9.45% | |
| Volatility (annualized) | 15.1% | 11.7% | |
| Max Drawdown | -56.5% | -17.1% | |
| Fund Family | iShares by BlackRock (US) | TrueShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 31, 2020 |
IVV vs SEPZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and TrueShares Structured Outcome (September) ETF (SEPZ) is a ETF from TrueShares. Over the past year IVV returned +21.89% while SEPZ returned +14.00%. Year to date, IVV is up 12.71% versus a gain of 9.67% for SEPZ.
Over three years, IVV compounded at +22.08% per year against +13.92% for SEPZ; over five years the annualized figures are +12.96% and +9.45% respectively. Across the full 6-year window we track, SEPZ has the edge at +11.64% annualized vs +7.00%. 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 11.7% for SEPZ. 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 -17.1% for SEPZ. 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 0.98. 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 SEPZ charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.05% for SEPZ.
Holdings Overlap
IVV and SEPZ share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SEPZ?
IVV has an expense ratio of 0.03% while SEPZ charges 0.79%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, IVV or SEPZ?
Over the past year IVV returned +21.89% vs +14.00% for SEPZ, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.00% vs +11.64% for SEPZ. Past performance does not guarantee future results.
Which is riskier, IVV or SEPZ?
IVV has been the more volatile fund at 15.1% annualized versus 11.7% for SEPZ. Worst drawdown: IVV -56.5% vs SEPZ -17.1%.
Should I hold both IVV and SEPZ?
IVV and SEPZ have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and SEPZ?
IVV and SEPZ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SEPZ?
IVV yields 1.10% while SEPZ yields 2.05%, so SEPZ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.