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IVVM

GradeDChicago Board Options Exchange

iShares Large Cap Moderate Quarterly Laddered ETF

Buffered · IShares · Inception 2023-06-27

$37.94−0.16 (−0.42%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Jun 30, 2023.
Intraday session: down, 61 prints from 38.10 to 37.94. Range 37.91 to 38.08. Use the arrow keys to read each point.$37.90$38.00$38.05$38.1010 AM12 PM2 PM4 PM
Expense ratio
0.53%
Fund size
$181M
1Y return
+12.6%
Yield · Last 12 months
0.62%
Holdings
8
Volume · 30D
0M sh
NAV per share
$38.09
52W range
low $33.29high $38.17

The ETF.net IVVM Grade

D

36/ 100

Rank 13 of 18 in S&P 500 Laddered Buffer⁠

Confidence Medium

Six-pillar profile for IVVM. Scores out of 100: Cost 21, Risk 35, Mission not scored, Tradability 59, Holdings 38, Durability 71. Strongest: Durability (71). Weakest: Cost (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 21
    Category rank15/18 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank13/18 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank6/18 · top 33%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 38
    Category rank17/17 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 71
    Category rank6/18 · top 33%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on IVVM

ETF.net Research

DBlackRock's answer to buffer-fund timing roulette: staggered quarterly sleeves, each cushioning roughly the first 5% of a drop, so the outcome never hinges on one start date. Capped upside is the price of admission.

Stated mandate

The fund seeks exposure to large-cap U.S. equities while using staggered-maturity buffers to protect approximately the first 5% of losses. It accepts limited upside and uses the laddered structure to reduce timing risk.

Why people hold it

  1. 01One ticket, several overlapping start dates. The quarterly ladder spreads reset risk, so no single quarter's cap or buffer level defines the whole ride.ishares.com
  2. 020.53% a year, below the typical fee in its buffer cohort and under defined-outcome peers like PMAY at 0.79%.
  3. 03Plain large-cap U.S. stock exposure underneath, referenced to the iShares Core S&P 500 ETF, in a standard 1940 Act fund launched in 2023. No exotic collateral.
  4. 04Stacks up as one of the stronger builds in the S&P 500 buffer crowd, helped by fees and structural staying power.

Worth knowing

  1. 01Buffers cut both ways. Upside is limited by design, so a roaring market leaves gains on the table.
  2. 02About 5% of cushion is a modest one. Losses beyond that line pass through to you.
  3. 03Smaller and less actively traded than the biggest buffer funds, which can mean wider spreads at the moment you trade.

IVVM Holdings

As of Sep 22, 2026, 4:52 AM
Asset class
Stocks
Holdings
8
Top-10 weight
101%
Largest holding
IVV99.0%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVISHARES CORE S&P ETF TRUST99.04%232,550$178M54
002—DEC26 IVV US P @ 770.740.76%780$1M1
003—BLK CSH FND TREASURY SL AGENCY0.50%904,099$904K440
004—NOV26 IVV US P @ 750.320.34%780$616K1
005—OCT26 IVV US P @ 748.890.09%780$153K1
006—USD CASH0.08%140,723$141K193
007—CASH COLLATERAL USD GSCFT0.05%84,000$84K8

Showing 1–7 of 7 holdings

IVVM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IVVM$11,262
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. IVVM $11,262. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IVVM. Periods over one year show the average yearly return.
PeriodIVVM
Year to date+9.5%
1 month+1.1%
3 months+3.3%
1 year+12.6%
3 years+15.6%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IVVM
YearReturn barIVVM
2026 YTD+9.5%
2025+14.2%
2024+16.1%
2023+5.2%

History from Jun 30, 2023

IVVM in the news

ETF.net Research hasn’t filed on IVVM yet — coverage lands here as it’s written.

IVVM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.62%Last 12 months
Payout per share
$0.24Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.19; Dec 23, 2025 $0.24. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 29, 2025$0.24
Dec 30, 2024Jan 3, 2025$0.19

IVVM Risk

How much the fund’s monthly returns vary, scaled to a year.
6.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.33
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.6%
38 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.52
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

IVVM Cost

Expense ratio0.53%
  • The middle half of S&P 500 Laddered Buffer funds
  • Median 0.20%

13 of the 18 S&P 500 Laddered Buffer funds charge less.

IVVM costs $53.00 a year on $10,000. The median S&P 500 Laddered Buffer fund costs $20.00.