IVV vs PVEX
IVV vs PVEX
iShares Core S&P 500 ETF vs TrueShares ConVex Protect 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 | PVEX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $55M | |
| Dividend Yield | 1.09% | 0.07% | |
| Holdings | 508 | 31 | |
| YTD Return | +13.13% | +10.45% | |
| 1Y Return | +22.90% | +20.99% | |
| 3Y Return (annualized) | +21.08% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 11.7% | |
| Max Drawdown | -56.5% | -7.8% | |
| Fund Family | iShares by BlackRock (US) | TrueShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jun 27, 2025 |
IVV vs PVEX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and TrueShares ConVex Protect ETF (PVEX) is a ETF from TrueShares. Over the past year IVV returned +22.90% while PVEX returned +20.99%. Year to date, IVV is up 13.13% versus a gain of 10.45% for PVEX.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.7% for PVEX. 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 -7.8% for PVEX. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while PVEX charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.07% for PVEX.
Holdings Overlap
IVV and PVEX share 0 holdings out of 516 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 PVEX?
IVV has an expense ratio of 0.03% while PVEX charges 0.79%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, IVV or PVEX?
Over the past year IVV returned +22.90% vs +20.99% for PVEX, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.02% vs +22.73% for PVEX. Past performance does not guarantee future results.
Which is riskier, IVV or PVEX?
IVV has been the more volatile fund at 15.1% annualized versus 11.7% for PVEX. Worst drawdown: IVV -56.5% vs PVEX -7.8%.
Should I hold both IVV and PVEX?
IVV and PVEX have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and PVEX?
IVV and PVEX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or PVEX?
IVV yields 1.09% while PVEX yields 0.07%, so IVV currently pays the higher dividend yield.
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