Data as of Oct 28, 2026.
IVV vs SCLZ: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to SCLZ's +11.2%, and IVV charges 0.03% to SCLZ's 0.79%.
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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $20m on Jun 30, 2026 for Swan Enhanced Dividend Income ETF.
Pair scorecard
IVV costs 0.76 points a year less; their one-year returns differ by 2.5 points.
| Measure | IVV | SCLZ |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +11.2% |
| Price change, 1 year | rose 12.4% | rose 2.2% |
| Latest payout, annualized | 8.6% | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 2.4 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.79% |
| Net assets, IVV as of Oct 27, 2026 and SCLZ as of Jun 30, 2026 | $885.1bn | $20m |
| Holdings | ||
| Holdings in common | 48% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Mar 8, 2024 to Oct 23, 2026 · 137 weekly returns · each against SPYIVV returned more: +53.6% to +35.7%. SCLZ swung less: 10.1% to 14.6%. SCLZ fell less at its worst: −10.5% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | SCLZ | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +53.6% | +35.7% | IVV | Price change plus distributions, reinvested. | |
| Annualized | +17.7% | +12.3% | IVV | Total return as a yearly rate. | |
| Price return | +48.4% | +11.4% | IVV | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.6% | 10.1% | SCLZ | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 9.5% | 6.9% | SCLZ | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.9% | −10.5% | SCLZ | Deepest fall from a high to the low after it. | |
| Upside capture | 100.8% | 58.8% | 100.0% | IVV | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.4% | 74.3% | 100.0% | SCLZ | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.01 | 0.64 | 1.00 | SCLZ lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.84 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.90 | 0.77 | IVV | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.37 | 1.12 | IVV | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.130 | 0.122 | 0.130 | IVV (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.05 | 1.17 | SCLZ | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | −0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.02 | −0.19 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.4% to +0.5% | −5.5% to +4.5% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.20 | −0.78 | IVV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 6.6% | 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, 137 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and SCLZ hold 48% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
48% in common
Only in one fund ↓
Side by side
IVV and SCLZ 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.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
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%.
SCLZ
Over the year to Oct 28, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 2.2%. With every distribution reinvested, the fund returned +11.2%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 2.4 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 8.6%, paid monthly.
Questions people ask
- Are IVV and SCLZ in the same category?
- IVV is a stock ETF and SCLZ is an option-income 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 SCLZ?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and SCLZ +11.2%.
- Which is cheaper, IVV or SCLZ?
- 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.
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, IVV against SCLZ, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-sclz
ETFIQ. (Oct 28, 2026). IVV against SCLZ. Retrieved from https://etfiq.com/compare/any/ivv-vs-sclz
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