IVV vs WGMI
iShares Core S&P 500 ETF vs CoinShares Bitcoin Mining ETF
Quick Verdict
IVV has a lower expense ratio. WGMI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | WGMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.75% | |
| AUM | $907.0B | $234M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 26 | |
| YTD Return | +12.71% | +8.75% | |
| 1Y Return | +21.89% | +70.13% | |
| 3Y Return (annualized) | +22.08% | +61.29% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 93.2% | |
| Max Drawdown | -56.5% | -85.8% | |
| Fund Family | iShares by BlackRock (US) | Valkyrie Funds | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Feb 7, 2022 |
IVV vs WGMI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and CoinShares Bitcoin Mining ETF (WGMI) is a ETF from Valkyrie Funds. Over the past year IVV returned +21.89% while WGMI returned +70.13%. Year to date, IVV is up 12.71% versus a gain of 8.75% for WGMI.
Over three years, IVV compounded at +22.08% per year against +61.29% for WGMI. Across the full 5-year window we track, WGMI has the edge at +12.42% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 93.2% 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 -85.8% for WGMI. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while WGMI charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for WGMI.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or WGMI?
IVV has an expense ratio of 0.03% while WGMI charges 0.75%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IVV or WGMI?
Over the past year IVV returned +21.89% vs +70.13% for WGMI, so WGMI leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs +12.42% for WGMI. Past performance does not guarantee future results.
Which is riskier, IVV or WGMI?
WGMI has been the more volatile fund at 93.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs WGMI -85.8%.
Should I hold both IVV and WGMI?
IVV and WGMI have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and WGMI?
IVV and WGMI share 2 common holdings with a 2.6% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, IVV or WGMI?
IVV yields 1.10% while WGMI yields 0.00%, so IVV currently pays the higher dividend yield.
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