IVV vs UJB
iShares Core S&P 500 ETF vs ProShares Ultra High Yield 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 | UJB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $865.2B | $10M | |
| Dividend Yield | 1.09% | 3.19% | |
| Holdings | 508 | 6 | |
| YTD Return | +13.80% | +1.65% | |
| 1Y Return | +23.70% | +5.79% | |
| 3Y Return (annualized) | +21.49% | +10.76% | |
| 5Y Return (annualized) | +13.43% | +2.80% | |
| Volatility (annualized) | 15.1% | 15.4% | |
| Max Drawdown | -56.5% | -40.5% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 13, 2011 |
IVV vs UJB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Ultra High Yield ETF (UJB) is a ETF from ProShares. Over the past year IVV returned +23.70% while UJB returned +5.79%. Year to date, IVV is up 13.80% versus a gain of 1.65% for UJB.
Over three years, IVV compounded at +21.49% per year against +10.76% for UJB; over five years the annualized figures are +13.43% and +2.80% respectively. Across the full 15-year window we track, IVV has the edge at +7.05% annualized vs +5.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UJB has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -40.5% for UJB. 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 usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UJB 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 3.19% for UJB.
Holdings Overlap
IVV and UJB share 0 holdings out of 506 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 UJB?
IVV has an expense ratio of 0.03% while UJB 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 UJB?
Over the past year IVV returned +23.70% vs +5.79% for UJB, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.05% vs +5.37% for UJB. Past performance does not guarantee future results.
Which is riskier, IVV or UJB?
UJB has been the more volatile fund at 15.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs UJB -40.5%.
Should I hold both IVV and UJB?
IVV and UJB 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 UJB?
IVV and UJB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or UJB?
IVV yields 1.09% while UJB yields 3.19%, so UJB currently pays the higher dividend yield.
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