IVV vs SHDG
iShares Core S&P 500 ETF vs Soundwatch Hedged Equity 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 | SHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.91% | |
| AUM | $907.0B | $166M | |
| Dividend Yield | 1.10% | 0.49% | |
| Holdings | 508 | 8 | |
| YTD Return | +12.28% | +2.95% | |
| 1Y Return | +20.94% | +8.52% | |
| 3Y Return (annualized) | +21.81% | +12.42% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 9.7% | |
| Max Drawdown | -56.5% | -15.8% | |
| Fund Family | iShares by BlackRock (US) | Trust For Advised Portfolios | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 24, 2022 |
IVV vs SHDG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Soundwatch Hedged Equity ETF (SHDG) is a ETF from Trust For Advised Portfolios. Over the past year IVV returned +20.94% while SHDG returned +8.52%. Year to date, IVV is up 12.28% versus a gain of 2.95% for SHDG.
Over three years, IVV compounded at +21.81% per year against +12.42% for SHDG. Across the full 4-year window we track, SHDG has the edge at +14.05% annualized vs +6.98%. 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 9.7% for SHDG. 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 -15.8% for SHDG. 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 0.95. 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 SHDG charges 0.91%. On a $10,000 position that is $3 vs $91 annually, a gap of $88 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.49% for SHDG.
Holdings Overlap
IVV and SHDG share 0 holdings out of 507 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 SHDG?
IVV has an expense ratio of 0.03% while SHDG charges 0.91%. IVV is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, IVV or SHDG?
Over the past year IVV returned +20.94% vs +8.52% for SHDG, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.98% vs +14.05% for SHDG. Past performance does not guarantee future results.
Which is riskier, IVV or SHDG?
IVV has been the more volatile fund at 15.1% annualized versus 9.7% for SHDG. Worst drawdown: IVV -56.5% vs SHDG -15.8%.
Should I hold both IVV and SHDG?
IVV and SHDG have a monthly-return correlation of 0.95, 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 SHDG?
IVV and SHDG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or SHDG?
IVV yields 1.10% while SHDG yields 0.49%, so IVV currently pays the higher dividend yield.
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