Data as of Oct 28, 2026.

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IVV vs MARU: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IVV returned +13.7% to MARU's +7.7%, and IVV charges 0.03% to MARU's 0.74%.

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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $35m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar.

At a glance
+13.7%
IVV total return, 1 year
+7.7%
MARU total return, 1 year
0.03%
IVV expense ratio
0.74%
MARU expense ratio

Pair scorecard

IVV costs 0.71 points a year less; their one-year returns differ by 6.0 points; IVV is far larger, $885.1bn against $35m.

IVV vs MARU: Differences, Returns & Fees
MeasureIVVMARU
Return
Total return, 1 year+13.7%+7.7%
Drawdown
Index fall to the buffer11.2%
Fund price fall to the buffer8.9%
Benchmark
What it tracksS&P 500SPY
The outcome period
Buffer left, in index points15.0% of 15.0%
Days left in the period123
Period endsFeb 28, 2027
Cost and size
Expense ratio0.03%0.74%
Net assets, as of Oct 27, 2026$885.1bn$35m
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund38.1%

Method

Side by side

IVV iShares Core S&P 500 ETF MARU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar
Where it sits Stock ETF Buffer ETF
What it is Tracks the S&P 500 Defined outcome, 15% on SPY
Total return, 1 year +13.7% +7.7%
Its benchmark over the same days +13.6% (SPY) +12.4% (SPY)
Gap to its benchmark +0.1 pts vs SPY −4.7 pts vs SPY
Expense ratio 0.03% 0.74%
Holdings 505 not read by ETFIQ
Net assets, as of Oct 27, 2026 $885.1bn $35m

IVV and MARU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
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%.

MARU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 8.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.2% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 123 days remained on Oct 28, 2026. On Feb 28, 2027 the period ends and new terms are set.

Questions people ask

Are IVV and MARU in the same category?
IVV is a stock ETF and MARU is a buffer ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IVV or MARU?
In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and MARU +7.7%.
Which is cheaper, IVV or MARU?
IVV is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IVV against MARU, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-maru

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