ELM vs IVV
ELM vs IVV
Elm Market Navigator ETF vs iShares Core S&P 500 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 | ELM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.03% | |
| AUM | $576M | $865.2B | |
| Dividend Yield | 2.53% | 1.09% | |
| Holdings | 20 | 508 | |
| YTD Return | +8.00% | +13.31% | |
| 1Y Return | +16.58% | +24.00% | |
| 3Y Return (annualized) | - | +21.16% | |
| 5Y Return (annualized) | - | +13.34% | |
| Volatility (annualized) | 7.8% | 15.1% | |
| Max Drawdown | -9.0% | -56.5% | |
| Fund Family | Elm Partners Management LLC | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Feb 10, 2025 | May 15, 2000 |
ELM vs IVV Performance
Elm Market Navigator ETF (ELM) is a ETF from Elm Partners Management LLC and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ELM returned +16.58% while IVV returned +24.00%. Year to date, ELM is up 8.00% versus a gain of 13.31% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.8% for ELM. 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 -9.0% for ELM and -56.5% for IVV. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ELM charges 0.24% per year while IVV charges 0.03%. On a $10,000 position that is $24 vs $3 annually, a gap of $21 per year that compounds over a long holding period. On income, ELM currently yields 2.53% against 1.09% for IVV.
Holdings Overlap
ELM and IVV share 0 holdings out of 524 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, ELM or IVV?
ELM has an expense ratio of 0.24% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, ELM or IVV?
Over the past year ELM returned +16.58% vs +24.00% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), ELM annualized +14.00% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, ELM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.8% for ELM. Worst drawdown: ELM -9.0% vs IVV -56.5%.
Should I hold both ELM and IVV?
ELM and IVV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELM and IVV?
ELM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, ELM or IVV?
ELM yields 2.53% while IVV yields 1.09%, so ELM currently pays the higher dividend yield.
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