IVV vs UPAR
iShares Core S&P 500 ETF vs UPAR Ultra Risk Parity 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 | UPAR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.68% | |
| AUM | $865.2B | $59M | |
| Dividend Yield | 1.09% | 3.46% | |
| Holdings | 508 | 140 | |
| YTD Return | +13.72% | +5.92% | |
| 1Y Return | +21.64% | +17.61% | |
| 3Y Return (annualized) | +21.55% | +10.91% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 19.6% | |
| Max Drawdown | -56.5% | -39.0% | |
| Fund Family | iShares by BlackRock (US) | Rpar ETF | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 3, 2022 |
IVV vs UPAR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and UPAR Ultra Risk Parity ETF (UPAR) is a ETF from Rpar ETF. Over the past year IVV returned +21.64% while UPAR returned +17.61%. Year to date, IVV is up 13.72% versus a gain of 5.92% for UPAR.
Over three years, IVV compounded at +21.55% per year against +10.91% for UPAR. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs -1.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPAR has been the more volatile fund, with annualized monthly volatility of 19.6% 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 -39.0% for UPAR. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UPAR charges 0.68%. On a $10,000 position that is $3 vs $68 annually, a gap of $65 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.46% for UPAR.
Holdings Overlap
IVV and UPAR share 20 holdings out of 614 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or UPAR?
IVV has an expense ratio of 0.03% while UPAR charges 0.68%. IVV is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, IVV or UPAR?
Over the past year IVV returned +21.64% vs +17.61% for UPAR, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.04% vs -1.06% for UPAR. Past performance does not guarantee future results.
Which is riskier, IVV or UPAR?
UPAR has been the more volatile fund at 19.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs UPAR -39.0%.
Should I hold both IVV and UPAR?
IVV and UPAR have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and UPAR?
IVV and UPAR share 20 common holdings with a 2.9% weight overlap. Combined, they hold 614 unique securities.
Which pays a higher dividend, IVV or UPAR?
IVV yields 1.09% while UPAR yields 3.46%, so UPAR currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.