AAPU vs IVV
Direxion Daily AAPL Bull 2X ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AAPU delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AAPU | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.03% | |
| AUM | $185M | $907.0B | |
| Dividend Yield | 6.08% | 1.10% | |
| Holdings | 11 | 508 | |
| YTD Return | +17.97% | +12.71% | |
| 1Y Return | +62.65% | +21.89% | |
| 3Y Return (annualized) | +30.67% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 43.9% | 15.1% | |
| Max Drawdown | -58.6% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 9, 2022 | May 15, 2000 |
AAPU vs IVV Performance
Direxion Daily AAPL Bull 2X ETF (AAPU) 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 AAPU returned +62.65% while IVV returned +21.89%. Year to date, AAPU is up 17.97% versus a gain of 12.71% for IVV.
Over three years, AAPU compounded at +30.67% per year against +22.08% for IVV. Across the full 4-year window we track, AAPU has the edge at +22.74% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AAPU has been the more volatile fund, with annualized monthly volatility of 43.9% 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 -58.6% for AAPU 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AAPU 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, AAPU currently yields 6.08% against 1.10% for IVV.
Holdings Overlap
AAPU and IVV share 1 holdings out of 510 unique holdings combined, representing a 7.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AAPU | Weight in IVV | Difference |
|---|---|---|---|
| AAPL | 10.26% | 7.44% | 2.82% |
Frequently Asked Questions
Which is cheaper, AAPU or IVV?
AAPU 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, AAPU or IVV?
Over the past year AAPU returned +62.65% vs +21.89% for IVV, so AAPU leads on 1-year performance. Over the longest common window we track (4 years), AAPU annualized +22.74% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, AAPU or IVV?
AAPU has been the more volatile fund at 43.9% annualized versus 15.1% for IVV. Worst drawdown: AAPU -58.6% vs IVV -56.5%.
Should I hold both AAPU and IVV?
AAPU and IVV have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AAPU and IVV?
AAPU and IVV share 1 common holdings with a 7.4% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, AAPU or IVV?
AAPU yields 6.08% while IVV yields 1.10%, so AAPU currently pays the higher dividend yield.
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