AAPD vs IVV
Direxion Daily AAPL Bear 1X ETF vs iShares Core S&P 500 ETF
Which is better, AAPD or IVV?
Opposite sides of the same exposure.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.63, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AAPD | IVV |
|---|---|---|
| Expense Ratio | 0.96% | 0.03%Best |
| AUM | $25M | $876.4B |
| Dividend Yield | 3.60% | 1.06% |
| Holdings | 9 | 508 |
| YTD Return | -19.49% | +12.51%Best |
| 1Y Return | -31.03% | +17.57%Best |
| 3Y Return (annualized) | -19.38% | +21.27%Best |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 22.8% | 14.2%Best |
| Max Drawdown | -63.0% | -18.8%Best |
| $10,000 over 4.1 years | $4,749 | $19,691Best |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Aug 9, 2022 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 9, 2022 to Sep 11, 2026 (4.1 years).
AAPD vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.1 years both funds cover.
AAPD vs IVV Performance
Direxion Daily AAPL Bear 1X ETF (AAPD) is an ETF from Direxion Shares ETF Trust and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year AAPD returned -31.03% while IVV returned +17.57%. Year to date, AAPD is down 19.49% versus a gain of 12.51% for IVV.
Over three years, AAPD compounded at -19.38% per year against +21.27% for IVV. Across the full 4-year window we track, IVV has the edge at +17.97% annualized vs -16.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AAPD has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 14.2% 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 -63.0% for AAPD and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.63. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
AAPD charges 0.96% per year while IVV charges 0.03%. On a $10,000 position that is $96 vs $3 annually, a gap of $93 per year that compounds over a long holding period. On income, AAPD currently yields 3.60% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 3 holdings in AAPD and 505 in IVV, totalling 111.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in AAPD and 505 in IVV, against full books of 9 and 508.
You are not choosing between two funds in isolation.
Whichever of AAPD and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AAPD or IVV?
AAPD has an expense ratio of 0.96% while IVV charges 0.03%. IVV is the cheaper option, by $93 a year on a $10,000 investment.
Which performed better, AAPD or IVV?
Over the past year AAPD returned -31.03% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), AAPD annualized -16.61% vs +17.97% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPD or IVV?
AAPD has been the more volatile fund at 22.8% annualized versus 14.2% for IVV. Worst drawdown: AAPD -63.0% vs IVV -18.8%.
Should I hold both AAPD and IVV?
AAPD and IVV have a monthly-return correlation of -0.63, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, AAPD or IVV?
AAPD yields 3.60% while IVV yields 1.06%, so AAPD currently pays the higher dividend yield.
Is IVV better than AAPD?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.63, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.