IVV vs XPP
iShares Core S&P 500 ETF vs ProShares Ultra FTSE China 50
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 | XPP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $865.2B | $9M | |
| Dividend Yield | 1.09% | 3.19% | |
| Holdings | 508 | 7 | |
| YTD Return | +13.80% | -19.81% | |
| 1Y Return | +23.01% | -10.43% | |
| 3Y Return (annualized) | +21.77% | +7.99% | |
| 5Y Return (annualized) | +13.39% | -15.50% | |
| Volatility (annualized) | 15.1% | 46.9% | |
| Max Drawdown | -56.5% | -90.5% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jun 4, 2009 |
IVV vs XPP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Ultra FTSE China 50 (XPP) is a ETF from ProShares. Over the past year IVV returned +23.01% while XPP returned -10.43%. Year to date, IVV is up 13.80% versus a loss of 19.81% for XPP.
Over three years, IVV compounded at +21.77% per year against +7.99% for XPP; over five years the annualized figures are +13.39% and -15.50% respectively. Across the full 17-year window we track, IVV has the edge at +7.04% annualized vs -5.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XPP has been the more volatile fund, with annualized monthly volatility of 46.9% 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 -90.5% for XPP. 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while XPP 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 XPP.
Holdings Overlap
IVV and XPP 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 XPP?
IVV has an expense ratio of 0.03% while XPP 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 XPP?
Over the past year IVV returned +23.01% vs -10.43% for XPP, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.04% vs -5.14% for XPP. Past performance does not guarantee future results.
Which is riskier, IVV or XPP?
XPP has been the more volatile fund at 46.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XPP -90.5%.
Should I hold both IVV and XPP?
IVV and XPP have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XPP?
IVV and XPP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or XPP?
IVV yields 1.09% while XPP yields 3.19%, so XPP currently pays the higher dividend yield.
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