IVV vs SJB
iShares Core S&P 500 ETF vs ProShares Short High Yield
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 | SJB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $886.7B | $45M | |
| Dividend Yield | 1.10% | 3.59% | |
| Holdings | 508 | 6 | |
| YTD Return | +12.64% | +0.81% | |
| 1Y Return | +20.92% | +0.77% | |
| 3Y Return (annualized) | +21.07% | -2.53% | |
| 5Y Return (annualized) | +12.62% | -0.39% | |
| Volatility (annualized) | 15.1% | 7.2% | |
| Max Drawdown | -56.5% | -59.7% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Mar 21, 2011 |
IVV vs SJB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Short High Yield (SJB) is a ETF from ProShares. Over the past year IVV returned +20.92% while SJB returned +0.77%. Year to date, IVV is up 12.64% versus a gain of 0.81% for SJB.
Over three years, IVV compounded at +21.07% per year against -2.53% for SJB; over five years the annualized figures are +12.62% and -0.39% respectively. Across the full 15-year window we track, IVV has the edge at +6.98% annualized vs -5.28%. 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 7.2% for SJB. 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 -59.7% for SJB. 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 -0.77. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SJB 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 1.10% against 3.59% for SJB.
Holdings Overlap
IVV and SJB 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 SJB?
IVV has an expense ratio of 0.03% while SJB 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 SJB?
Over the past year IVV returned +20.92% vs +0.77% for SJB, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +6.98% vs -5.28% for SJB. Past performance does not guarantee future results.
Which is riskier, IVV or SJB?
IVV has been the more volatile fund at 15.1% annualized versus 7.2% for SJB. Worst drawdown: IVV -56.5% vs SJB -59.7%.
Should I hold both IVV and SJB?
IVV and SJB have a monthly-return correlation of -0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SJB?
IVV and SJB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SJB?
IVV yields 1.10% while SJB yields 3.59%, so SJB currently pays the higher dividend yield.
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