IVV vs TOKE
iShares Core S&P 500 ETF vs Cambria Cannabis ETF
Quick Verdict
IVV has a lower expense ratio. TOKE delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TOKE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.44% | |
| AUM | $907.0B | $14M | |
| Dividend Yield | 1.10% | 1.06% | |
| Holdings | 508 | 24 | |
| YTD Return | +12.28% | -15.35% | |
| 1Y Return | +20.94% | +22.73% | |
| 3Y Return (annualized) | +21.81% | -2.52% | |
| 5Y Return (annualized) | +13.05% | -20.07% | |
| Volatility (annualized) | 15.1% | 35.5% | |
| Max Drawdown | -56.5% | -83.3% | |
| Fund Family | iShares by BlackRock (US) | Cambria Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 25, 2019 |
IVV vs TOKE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Cambria Cannabis ETF (TOKE) is a ETF from Cambria Investment Management. Over the past year IVV returned +20.94% while TOKE returned +22.73%. Year to date, IVV is up 12.28% versus a loss of 15.35% for TOKE.
Over three years, IVV compounded at +21.81% per year against -2.52% for TOKE; over five years the annualized figures are +13.05% and -20.07% respectively. Across the full 7-year window we track, IVV has the edge at +6.98% annualized vs -17.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TOKE has been the more volatile fund, with annualized monthly volatility of 35.5% 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 -83.3% for TOKE. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TOKE charges 0.44%. On a $10,000 position that is $3 vs $44 annually, a gap of $41 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.06% for TOKE.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or TOKE?
IVV has an expense ratio of 0.03% while TOKE charges 0.44%. IVV is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, IVV or TOKE?
Over the past year IVV returned +20.94% vs +22.73% for TOKE, so TOKE leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +6.98% vs -17.89% for TOKE. Past performance does not guarantee future results.
Which is riskier, IVV or TOKE?
TOKE has been the more volatile fund at 35.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TOKE -83.3%.
Should I hold both IVV and TOKE?
IVV and TOKE have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TOKE?
IVV and TOKE share 2 common holdings with a 0.6% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, IVV or TOKE?
IVV yields 1.10% while TOKE yields 1.06%, so IVV currently pays the higher dividend yield.
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