Data as of Oct 28, 2026.
IVV vs SOXY: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to SOXY's +59.4%, and IVV charges 0.03% to SOXY's 1.06%.
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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $66m for YieldMax Target 12 Semiconductor Option Income ETF.
Pair scorecard
IVV costs 1.03 points a year less; their one-year returns differ by 45.7 points; IVV is far larger, $885.1bn against $66m.
| Measure | IVV | SOXY |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +59.4% |
| Price change, 1 year | rose 12.4% | rose 41.4% |
| Latest payout, annualized | 13.7% | |
| Return of capital, issuer estimate | 95% of the Sep 3, 2026 payment | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | ahead by 45.8 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 1.06% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $66m |
| Holdings | ||
| Holdings in common | 16% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Dec 13, 2024 to Oct 23, 2026 · 97 weekly returns · each against SPYSOXY returned more: +98.8% to +28.8%. IVV swung less: 15.1% to 33.0%. IVV fell less at its worst: −16.9% to −28.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | SOXY | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +28.8% | +98.8% | SOXY | Price change plus distributions, reinvested. | |
| Annualized | +14.5% | +44.5% | SOXY | Total return as a yearly rate. | |
| Price return | +25.7% | +59.5% | SOXY | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 15.1% | 33.0% | IVV | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 10.1% | 21.6% | IVV | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.9% | −28.3% | IVV | Deepest fall from a high to the low after it. | |
| Upside capture | 100.9% | 287.5% | 100.0% | SOXY | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.5% | 128.3% | 100.0% | IVV | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.01 | 1.64 | 1.00 | IVV lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.56 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.71 | 1.16 | SOXY | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.07 | 1.78 | SOXY | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.107 | 0.234 | 0.107 | SOXY | Return above Treasury bills per unit of beta. |
| Calmar | 0.86 | 1.57 | SOXY | 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 | +20.9% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.03 | 1.29 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.6% to +0.6% | −11.4% to +53.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.18 | 1.16 | SOXY | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 24.0% | 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, 97 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and SOXY hold 16% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
16% in common
Only in one fund ↓
Side by side
IVV and SOXY 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.
IVV and SOXY do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and SOXY is measured against S&P 500 through SPY.
- Holdings in common. 16% of the weight is in the same securities (holdings dated Oct 27, 2026 and Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IVV returned +13.7% and SOXY +59.4% with distributions reinvested, a gap of 45.7 points.
Data as of Oct 28, 2026.
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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%.
SOXY
Over the year to Oct 28, 2026, SOXY paid 15.4% of its starting value in cash distributions while its price rose 41.4%. With every distribution reinvested, the fund returned +59.4%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 45.8 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 13.7%, paid monthly. YieldMax estimates that 95% of the distribution paid Sep 3, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are IVV and SOXY in the same category?
- IVV is a stock ETF and SOXY 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 SOXY?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and SOXY +59.4%.
- Which is cheaper, IVV or SOXY?
- IVV is cheaper, by 1.03 percentage points a year. That is about $103 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 SOXY, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-soxy
ETFIQ. (Oct 28, 2026). IVV against SOXY. Retrieved from https://etfiq.com/compare/any/ivv-vs-soxy
[IVV against SOXY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-soxy)
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