AAPD vs IVV
Direxion Daily AAPL Bear 1X 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 | AAPD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.03% | |
| AUM | $49M | $907.0B | |
| Dividend Yield | 3.52% | 1.10% | |
| Holdings | 9 | 508 | |
| YTD Return | -14.11% | +12.28% | |
| 1Y Return | -27.67% | +20.94% | |
| 3Y Return (annualized) | -17.70% | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 22.9% | 15.1% | |
| Max Drawdown | -63.0% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | May 15, 2000 |
AAPD vs IVV Performance
Direxion Daily AAPL Bear 1X ETF (AAPD) is a ETF from Direxion Shares ETF Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AAPD returned -27.67% while IVV returned +20.94%. Year to date, AAPD is down 14.11% versus a gain of 12.28% for IVV.
Over three years, AAPD compounded at -17.70% per year against +21.81% for IVV. Across the full 4-year window we track, IVV has the edge at +6.98% annualized vs -15.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AAPD has been the more volatile fund, with annualized monthly volatility of 22.9% 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 -63.0% for AAPD 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 -0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
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 3.52% against 1.10% for IVV.
Holdings Overlap
AAPD and IVV share 0 holdings out of 509 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, AAPD or IVV?
AAPD has an expense ratio of 0.96% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, AAPD or IVV?
Over the past year AAPD returned -27.67% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), AAPD annualized -15.49% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AAPD or IVV?
AAPD has been the more volatile fund at 22.9% annualized versus 15.1% for IVV. Worst drawdown: AAPD -63.0% vs IVV -56.5%.
Should I hold both AAPD and IVV?
AAPD and IVV have a monthly-return correlation of -0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPD and IVV?
AAPD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, AAPD or IVV?
AAPD yields 3.52% while IVV yields 1.10%, so AAPD currently pays the higher dividend yield.
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