AMDD vs IVV
Direxion Daily AMD 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 | AMDD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.03% | |
| AUM | $17M | $907.0B | |
| Dividend Yield | 13.09% | 1.10% | |
| Holdings | 9 | 508 | |
| YTD Return | -68.44% | +14.29% | |
| 1Y Return | -77.74% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 63.0% | 15.1% | |
| Max Drawdown | -91.8% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 12, 2025 | May 15, 2000 |
AMDD vs IVV Performance
Direxion Daily AMD Bear 1X ETF (AMDD) 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 AMDD returned -77.74% while IVV returned +21.79%. Year to date, AMDD is down 68.44% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
AMDD has been the more volatile fund, with annualized monthly volatility of 63.0% 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 -91.8% for AMDD 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 -0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMDD charges 1.03% per year while IVV charges 0.03%. On a $10,000 position that is $103 vs $3 annually, a gap of $100 per year that compounds over a long holding period. On income, AMDD currently yields 13.09% against 1.10% for IVV.
Holdings Overlap
AMDD and IVV share 0 holdings out of 510 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, AMDD or IVV?
AMDD has an expense ratio of 1.03% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, AMDD or IVV?
Over the past year AMDD returned -77.74% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), AMDD annualized -75.72% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, AMDD or IVV?
AMDD has been the more volatile fund at 63.0% annualized versus 15.1% for IVV. Worst drawdown: AMDD -91.8% vs IVV -56.5%.
Should I hold both AMDD and IVV?
AMDD and IVV have a monthly-return correlation of -0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMDD and IVV?
AMDD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, AMDD or IVV?
AMDD yields 13.09% while IVV yields 1.10%, so AMDD currently pays the higher dividend yield.
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