IVV vs YMAX
iShares Core S&P 500 ETF vs YieldMax Universe Fund of Option Income 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 | YMAX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.33% | |
| AUM | $865.2B | $390M | |
| Dividend Yield | 1.09% | 76.20% | |
| Holdings | 508 | 30 | |
| YTD Return | +13.72% | +1.61% | |
| 1Y Return | +21.64% | -2.09% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 20.1% | |
| Max Drawdown | -56.5% | -26.1% | |
| Fund Family | iShares by BlackRock (US) | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 16, 2024 |
IVV vs YMAX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and YieldMax Universe Fund of Option Income ETF (YMAX) is a ETF from YieldMax ETF. Over the past year IVV returned +21.64% while YMAX returned -2.09%. Year to date, IVV is up 13.72% versus a gain of 1.61% for YMAX.
Risk: Volatility and Drawdowns
YMAX has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -26.1% for YMAX. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while YMAX charges 1.33%. On a $10,000 position that is $3 vs $133 annually, a gap of $130 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 76.20% for YMAX.
Holdings Overlap
IVV and YMAX share 0 holdings out of 532 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 YMAX?
IVV has an expense ratio of 0.03% while YMAX charges 1.33%. IVV is the cheaper option. On a $10,000 investment, that is $130 per year of difference.
Which performed better, IVV or YMAX?
Over the past year IVV returned +21.64% vs -2.09% for YMAX, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +13.08% for YMAX. Past performance does not guarantee future results.
Which is riskier, IVV or YMAX?
YMAX has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs YMAX -26.1%.
Should I hold both IVV and YMAX?
IVV and YMAX have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and YMAX?
IVV and YMAX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, IVV or YMAX?
IVV yields 1.09% while YMAX yields 76.20%, so YMAX currently pays the higher dividend yield.
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