IVV vs SKYU
iShares Core S&P 500 ETF vs ProShares Ultra Nasdaq Cloud Computing ETF
Quick Verdict
IVV has a lower expense ratio. SKYU delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SKYU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $865.2B | $3M | |
| Dividend Yield | 1.09% | 0.83% | |
| Holdings | 508 | 68 | |
| YTD Return | +14.50% | +58.27% | |
| 1Y Return | +22.02% | +69.94% | |
| 3Y Return (annualized) | +21.80% | +47.24% | |
| 5Y Return (annualized) | +13.37% | +4.12% | |
| Volatility (annualized) | 15.1% | 53.9% | |
| Max Drawdown | -56.5% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 19, 2021 |
IVV vs SKYU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) is a ETF from ProShares. Over the past year IVV returned +22.02% while SKYU returned +69.94%. Year to date, IVV is up 14.50% versus a gain of 58.27% for SKYU.
Over three years, IVV compounded at +21.80% per year against +47.24% for SKYU; over five years the annualized figures are +13.37% and +4.12% respectively. Across the full 6-year window we track, IVV has the edge at +7.07% annualized vs +5.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SKYU has been the more volatile fund, with annualized monthly volatility of 53.9% compared with 15.1% for IVV. 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 -83.0% for SKYU. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SKYU 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 1.09% against 0.83% for SKYU.
Holdings Overlap
IVV and SKYU share 22 holdings out of 546 unique holdings combined, representing a 10.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SKYU?
IVV has an expense ratio of 0.03% while SKYU 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 SKYU?
Over the past year IVV returned +22.02% vs +69.94% for SKYU, so SKYU leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.07% vs +5.94% for SKYU. Past performance does not guarantee future results.
Which is riskier, IVV or SKYU?
SKYU has been the more volatile fund at 53.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SKYU -83.0%.
Should I hold both IVV and SKYU?
IVV and SKYU have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SKYU?
IVV and SKYU share 22 common holdings with a 10.7% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, IVV or SKYU?
IVV yields 1.09% while SKYU yields 0.83%, so IVV currently pays the higher dividend yield.
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