AALG vs IVV
Leverage Shares 2X Long AAL Daily ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AALG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.03% | |
| AUM | $4M | $907.0B | |
| Dividend Yield | 1.95% | 1.10% | |
| Holdings | 5 | 508 | |
| YTD Return | -38.42% | +13.51% | |
| 1Y Return | -22.44% | +20.65% | |
| 3Y Return (annualized) | - | +21.94% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 108.5% | 15.1% | |
| Max Drawdown | -64.2% | -56.5% | |
| Fund Family | Leverage Shares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 11, 2025 | May 15, 2000 |
AALG vs IVV Performance
Leverage Shares 2X Long AAL Daily ETF (AALG) is a ETF from Leverage Shares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AALG returned -22.44% while IVV returned +20.65%. Year to date, AALG is down 38.42% versus a gain of 13.51% for IVV.
Risk: Volatility and Drawdowns
AALG has been the more volatile fund, with annualized monthly volatility of 108.5% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -64.2% for AALG and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AALG charges 0.78% per year while IVV charges 0.03%. On a $10,000 position that is $78 vs $3 annually, a gap of $75 per year that compounds over a long holding period. On income, AALG currently yields 1.95% against 1.10% for IVV.
Holdings Overlap
AALG and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AALG or IVV?
AALG has an expense ratio of 0.78% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, AALG or IVV?
Over the past year AALG returned -22.44% vs +20.65% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), AALG annualized -13.74% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, AALG or IVV?
AALG has been the more volatile fund at 108.5% annualized versus 15.1% for IVV. Worst drawdown: AALG -64.2% vs IVV -56.5%.
Should I hold both AALG and IVV?
AALG and IVV have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AALG and IVV?
AALG and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, AALG or IVV?
AALG yields 1.95% while IVV yields 1.10%, so AALG currently pays the higher dividend yield.
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