IVV vs UBT
iShares Core S&P 500 ETF vs ProShares Ultra 20+ Year Treasury
Which is better, IVV or UBT?
Large Cap Blend against Trading-Leveraged Debt.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | UBT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.95% |
| AUM | $886.7B | $64M |
| Dividend Yield | 1.10% | 3.79% |
| Holdings | 508 | 8 |
| YTD Return | +12.70%Best | -8.37% |
| 1Y Return | +19.36%Best | -12.47% |
| 3Y Return (annualized) | +21.16%Best | -7.33% |
| 5Y Return (annualized) | +12.75%Best | -21.01% |
| Volatility (annualized) | 14.4%Best | 27.2% |
| Max Drawdown | -33.9%Best | -79.0% |
| $10,000 over 5 years | $18,221Best | $3,075 |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Debt |
| Inception | May 15, 2000 | Jan 19, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 21, 2010 to Sep 8, 2026 (16.6 years).
IVV vs UBT 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 16.6 years both funds cover.
IVV vs UBT Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares Ultra 20+ Year Treasury (UBT) is an ETF from ProShares. Over the past year IVV returned +19.36% while UBT returned -12.47%. Year to date, IVV is up 12.70% versus a loss of 8.37% for UBT.
Over three years, IVV compounded at +21.16% per year against -7.33% for UBT; over five years the annualized figures are +12.75% and -21.01% respectively. Across the full 17-year window we track, IVV has the edge at +12.80% annualized vs -0.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UBT has been the more volatile fund, with annualized monthly volatility of 27.2% compared with 14.4% 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 -33.9% for IVV and -79.0% for UBT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.09. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while UBT 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 3.79% for UBT.
Holdings Overlap
We hold position weights for 504 holdings in IVV and 1 in UBT, totalling 100.0% and 95.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in IVV and 1 in UBT, against full books of 508 and 8.
You are not choosing between two funds in isolation.
Whichever of IVV and UBT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or UBT?
IVV has an expense ratio of 0.03% while UBT charges 0.95%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, IVV or UBT?
Over the past year IVV returned +19.36% vs -12.47% for UBT, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +12.80% vs -0.44% for UBT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or UBT?
UBT has been the more volatile fund at 27.2% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs UBT -79.0%.
Should I hold both IVV and UBT?
IVV and UBT have a monthly-return correlation of -0.09, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or UBT?
IVV yields 1.10% while UBT yields 3.79%, so UBT currently pays the higher dividend yield.
Is UBT better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.