IVV vs SSO
iShares Core S&P 500 ETF vs ProShares Ultra S&P500
Which is better, IVV or SSO?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. SSO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | SSO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.87% |
| AUM | $876.4B | $8.7B |
| Dividend Yield | 1.06% | 0.64% |
| Holdings | 508 | 521 |
| YTD Return | +12.51% | +20.34%Best |
| 1Y Return | +17.57% | +28.52%Best |
| 3Y Return (annualized) | +21.27% | +34.86%Best |
| 5Y Return (annualized) | +12.95% | +17.22%Best |
| Volatility (annualized) | 15.3%Best | 31.1% |
| Max Drawdown | -56.5%Best | -85.5% |
| $10,000 over 5 years | $18,384 | $22,131Best |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 21, 2006 to Sep 11, 2026 (20.2 years).
IVV vs SSO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20.2 years both funds cover.
IVV vs SSO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares Ultra S&P500 (SSO) is an ETF from ProShares. Over the past year IVV returned +17.57% while SSO returned +28.52%. Year to date, IVV is up 12.51% versus a gain of 20.34% for SSO.
Over three years, IVV compounded at +21.27% per year against +34.86% for SSO; over five years the annualized figures are +12.95% and +17.22% respectively. Across the full 20-year window we track, SSO has the edge at +14.69% annualized vs +9.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SSO has been the more volatile fund, with annualized monthly volatility of 31.1% compared with 15.3% 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 -85.5% for SSO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. 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 SSO charges 0.87%. On a $10,000 position that is $3 vs $87 annually, a gap of $84 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.64% for SSO.
Holdings Overlap
At least 97.8% of IVV's money is in holdings SSO also owns.
Stated as a floor: for SSO, our book for it covers 80.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of IVV is already inside SSO. Owning both mostly buys the same companies twice.
480 positions in common, counted across the 505 positions we hold weights for in IVV and 500 in SSO, against full books of 508 and 521.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SSO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 5.24% | 2.74% |
| AAPLApple, Inc | 6.86% | 4.51% | 2.35% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 3.57% | 1.87% |
| AMZNAmazon.Com Inc | 4.01% | 2.63% | 1.38% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 2.10% | 1.09% |
| AVGOBroadcom Inc | 2.98% | 1.95% | 1.03% |
| GOOGAlphabet Inc | 2.56% | 1.68% | 0.88% |
| METAMeta Platforms, Inc. | 1.94% | 1.28% | 0.66% |
| MUMicron Technology, Inc. | 1.51% | 0.99% | 0.52% |
| JPMJpmorgan Chase & Co. | 1.45% | 0.95% | 0.50% |
97.8% of IVV is already inside SSO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SSO?
IVV has an expense ratio of 0.03% while SSO charges 0.87%. IVV is the cheaper option, by $84 a year on a $10,000 investment.
Which performed better, IVV or SSO?
Over the past year IVV returned +17.57% vs +28.52% for SSO, so SSO leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.77% vs +14.69% for SSO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SSO?
SSO has been the more volatile fund at 31.1% annualized versus 15.3% for IVV. Worst drawdown: IVV -56.5% vs SSO -85.5%.
Should I hold both IVV and SSO?
IVV and SSO have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and SSO?
At least 97.8% of IVV's money is in holdings SSO also owns. Our book for SSO is partial, so the real figure is this or higher. They hold 480 positions in common, counted across the 505 positions we hold weights for in IVV and 500 in SSO.
Which pays a higher dividend, IVV or SSO?
IVV yields 1.06% while SSO yields 0.64%, so IVV currently pays the higher dividend yield.
Is SSO better than IVV?
IVV has a lower expense ratio. SSO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.