Data as of Oct 28, 2026.

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IVV vs MARZ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IVV returned +13.7% to MARZ's +8.3%, and IVV charges 0.03% to MARZ's 0.79%.

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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $34m for TrueShares Structured Outcome (March) ETF.

At a glance
+13.7%
IVV total return, 1 year
+8.3%
MARZ total return, 1 year
0.03%
IVV expense ratio
0.79%
MARZ expense ratio

Pair scorecard

IVV costs 0.76 points a year less; their one-year returns differ by 5.4 points; IVV is far larger, $885.1bn against $34m.

IVV vs MARZ: Differences, Returns & Fees
MeasureIVVMARZ
Return
Total return, 1 year+13.7%+8.3%
Drawdown
Index fall to the buffer10.6%
Fund price fall to the buffer7.9%
Benchmark
What it tracksS&P 500SPX
The outcome period
Buffer left, in index points10.0% of 10.0%
Days left in the period123
Period endsFeb 26, 2027
Cost and size
Expense ratio0.03%0.79%
Net assets, as of Oct 27, 2026$885.1bn$34m
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 MARZ TrueShares Structured Outcome (March) ETF
Where it sits Stock ETF Buffer ETF
What it is Tracks the S&P 500 Defined outcome, 10% on SPX
Total return, 1 year +13.7% +8.3%
Its benchmark over the same days +13.6% (SPY) +12.4% (SPX)
Gap to its benchmark +0.1 pts vs SPY −4.1 pts vs SPX
Expense ratio 0.03% 0.79%
Holdings 505 not read by ETFIQ
Net assets, as of Oct 27, 2026 $885.1bn $34m

IVV and MARZ 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%.

MARZ

This fund has no cap. It takes a share of any further rise in SPX. The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPX can fall 10.6% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPX level. 123 days remained on Oct 26, 2026. On Feb 26, 2027 the period ends and new terms are set.

Questions people ask

Are IVV and MARZ in the same category?
IVV is a stock ETF and MARZ 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 MARZ?
In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and MARZ +8.3%.
Which is cheaper, IVV or MARZ?
IVV is cheaper, by 0.76 percentage points a year. That is about $76 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IVV against MARZ, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-marz

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