Data as of Oct 28, 2026.
DUBS vs IVV: Differences, Returns & Fees
Over the year to Oct 28, 2026, DUBS returned +17.1% to IVV's +13.7%, and IVV charges 0.03% to DUBS's 0.40%.
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Net assets: $398m on Jul 31, 2026 for Aptus Large Cap Enhanced Yield ETF, and $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF.
Pair scorecard
IVV costs 0.37 points a year less; their one-year returns differ by 3.4 points.
| Measure | DUBS | IVV |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.1% | +13.7% |
| Price change, 1 year | rose 14.6% | rose 12.4% |
| Latest payout, annualized | 2.2% | |
| Return of capital, issuer estimate | 71% of the Sep 30, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | S&P 500 |
| Against its benchmark, same days | ahead by 3.5 pts | |
| Cost and size | ||
| Expense ratio | 0.40% | 0.03% |
| Net assets, DUBS as of Jul 31, 2026 and IVV as of Oct 27, 2026 | $398m | $885.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 23, 2023 to Oct 23, 2026 · 174 weekly returns · each against SPYDUBS returned slightly more: +84.8% to +83.0%. DUBS swung slightly less: 13.6% to 14.2%. DUBS fell slightly less at its worst: −16.4% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DUBS | IVV | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +84.8% | +83.0% | DUBS (slight) | Price change plus distributions, reinvested. | |
| Annualized | +20.1% | +19.8% | Tie | Total return as a yearly rate. | |
| Price return | +71.1% | +75.3% | IVV (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 13.6% | 14.2% | DUBS (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 8.8% | 9.1% | DUBS (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.4% | −16.9% | DUBS (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 95.7% | 100.8% | 100.0% | IVV (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 95.8% | 100.4% | 100.0% | DUBS (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.96 | 1.00 | 1.00 | DUBS lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.09 | 1.03 | DUBS (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.67 | 1.59 | DUBS (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.154 | 0.145 | 0.145 | DUBS (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.23 | 1.17 | DUBS (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | 0.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.99 | 0.13 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.9% to +2.8% | −0.3% to +0.4% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.16 | 0.25 | IVV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.8% | 0.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 174 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DUBS and IVV hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
DUBS and IVV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
DUBS and IVV do different jobs. What does each one do in a portfolio?
- What each follows. DUBS is measured against S&P 500 through SPY and IVV follows S&P 500.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DUBS returned +17.1% and IVV +13.7% with distributions reinvested, a gap of 3.4 points.
Data as of Oct 28, 2026.
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DUBS
Over the year to Oct 28, 2026, DUBS paid 2.3% of its starting value in cash distributions while its price rose 14.6%. With every distribution reinvested, the fund returned +17.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 3.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 2.2%, paid quarterly. Aptus estimates that 71% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
Questions people ask
- Are DUBS and IVV in the same category?
- DUBS is an option-income ETF and IVV is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, DUBS or IVV?
- In the year to Oct 28, 2026, with distributions reinvested, DUBS returned +17.1% and IVV +13.7%.
- Which is cheaper, DUBS or IVV?
- IVV is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DUBS against IVV, data as of Oct 28, 2026. https://etfiq.com/compare/any/dubs-vs-ivv
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