IVVBiShares Large Cap Deep Quarterly Laddered ETF
Tracks the share price return of the iShares Core S&P 500 ETF while providing downside protection.
By BlackRock · Launched 2023
0.50%
#2,667 of 5,861 · average
$124M
#2,795 of 5,861 · mid-size
+11.3%
3 years
#2,985 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 102.7% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Tracks the share price return of the iShares Core S&P 500 ETF while providing downside protection.
- Strategy
- Invests primarily in equity securities of large capitalization companies, seeking to track the share price return of the iShares Core S&P 500 ETF while providing downside protection against losses between approximately 5% to 20%. Uses FLEX Options and other exchange-traded options to implement a laddered strategy for downside protection.
- Inception date
- June 28, 2023
- Fund family
- BlackRock
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04