Data as of Oct 28, 2026.
IVV vs YMAX: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to YMAX's −4.0%, and IVV charges 0.03% to YMAX's 1.33%.
askIQ about this page
askIQ about IVV and YMAX
Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $352m for YieldMax Universe Fund of Option Income ETFs.
Pair scorecard
IVV costs 1.30 points a year less; their one-year returns differ by 17.7 points; IVV is far larger, $885.1bn against $352m.
| Measure | IVV | YMAX |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | −4.0% |
| Price change, 1 year | rose 12.4% | fell 42.4% |
| Latest payout, annualized | 39.9% | |
| Return of capital, issuer estimate | 35% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: its own holdings |
| Against its benchmark, same days | behind by 14.9 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 1.33% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $352m |
| 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 Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Jan 26, 2024 to Oct 23, 2026 · 143 weekly returnsIVV returned more: +61.3% to +38.1%. IVV swung less: 14.3% to 21.8%. IVV fell less at its worst: −16.9% to −24.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IVV | YMAX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +61.3% | +38.1% | IVV | Price change plus distributions, reinvested. |
| Annualized | +19.0% | +12.5% | IVV | Total return as a yearly rate. |
| Price return | +55.8% | −64.9% | IVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.3% | 21.8% | IVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.3% | 15.1% | IVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −16.9% | −24.1% | IVV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.98 | 0.45 | IVV | Return above Treasury bills per unit of volatility. |
| Sortino | 1.51 | 0.65 | IVV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.12 | 0.52 | IVV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 143 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and YMAX hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
IVV and YMAX 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 YMAX do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and YMAX is measured against its own holdings.
- Holdings in common. 0% 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 YMAX −4.0% with distributions reinvested, a gap of 17.7 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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%.
YMAX's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned +10.9% over the same days, so a holder was behind by 14.9 pts.
Over the year to Oct 28, 2026, YMAX paid 36.1% of its starting value in cash distributions while its price fell 42.4%. With every distribution reinvested, the fund returned −4.0%. At its price on Oct 28, 2026 the latest distribution annualizes to 39.9%, paid weekly. YieldMax estimates that 35% of the distribution paid Oct 29, 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 YMAX in the same category?
- IVV is a stock ETF and YMAX 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 YMAX?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and YMAX −4.0%.
- Which is cheaper, IVV or YMAX?
- IVV is cheaper, by 1.30 percentage points a year. That is about $130 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.
Cite this pageCitation, APA and Markdown
ETFIQ, IVV against YMAX, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-ymax
ETFIQ. (Oct 28, 2026). IVV against YMAX. Retrieved from https://etfiq.com/compare/any/ivv-vs-ymax
[IVV against YMAX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-ymax)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.