IVV vs SLTY
iShares Core S&P 500 ETF vs YieldMax Ultra Short Option Income Strategy 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 | SLTY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.25% | |
| AUM | $865.2B | $18M | |
| Dividend Yield | 1.09% | 73.59% | |
| Holdings | 508 | 113 | |
| YTD Return | +13.43% | -7.64% | |
| 1Y Return | +22.61% | -20.76% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 16.3% | |
| Max Drawdown | -56.5% | -20.9% | |
| Fund Family | iShares by BlackRock (US) | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 20, 2025 |
IVV vs SLTY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and YieldMax Ultra Short Option Income Strategy ETF (SLTY) is a ETF from YieldMax ETF. Over the past year IVV returned +22.61% while SLTY returned -20.76%. Year to date, IVV is up 13.43% versus a loss of 7.64% for SLTY.
Risk: Volatility and Drawdowns
SLTY has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -20.9% for SLTY. 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 -0.72. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SLTY charges 1.25%. On a $10,000 position that is $3 vs $125 annually, a gap of $122 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 73.59% for SLTY.
Holdings Overlap
IVV and SLTY share 14 holdings out of 519 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 SLTY?
IVV has an expense ratio of 0.03% while SLTY charges 1.25%. IVV is the cheaper option. On a $10,000 investment, that is $122 per year of difference.
Which performed better, IVV or SLTY?
Over the past year IVV returned +22.61% vs -20.76% for SLTY, so IVV leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, IVV or SLTY?
SLTY has been the more volatile fund at 16.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SLTY -20.9%.
Should I hold both IVV and SLTY?
IVV and SLTY have a monthly-return correlation of -0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SLTY?
IVV and SLTY share 14 common holdings with a 0.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, IVV or SLTY?
IVV yields 1.09% while SLTY yields 73.59%, so SLTY currently pays the higher dividend yield.
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