AMZD vs IVV
Direxion Daily AMZN 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 | AMZD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.02% | 0.03% | |
| AUM | $13M | $907.0B | |
| Dividend Yield | 3.23% | 1.10% | |
| Holdings | 6 | 508 | |
| YTD Return | -17.68% | +14.29% | |
| 1Y Return | -16.72% | +21.79% | |
| 3Y Return (annualized) | -21.98% | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 29.0% | 15.1% | |
| Max Drawdown | -74.8% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 7, 2022 | May 15, 2000 |
AMZD vs IVV Performance
Direxion Daily AMZN Bear 1X ETF (AMZD) 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 AMZD returned -16.72% while IVV returned +21.79%. Year to date, AMZD is down 17.68% versus a gain of 14.29% for IVV.
Over three years, AMZD compounded at -21.98% per year against +22.19% for IVV. Across the full 4-year window we track, IVV has the edge at +7.06% annualized vs -20.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AMZD has been the more volatile fund, with annualized monthly volatility of 29.0% 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 -74.8% for AMZD 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 -0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMZD charges 1.02% per year while IVV charges 0.03%. On a $10,000 position that is $102 vs $3 annually, a gap of $99 per year that compounds over a long holding period. On income, AMZD currently yields 3.23% against 1.10% for IVV.
Holdings Overlap
AMZD and IVV share 0 holdings out of 508 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, AMZD or IVV?
AMZD has an expense ratio of 1.02% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, AMZD or IVV?
Over the past year AMZD returned -16.72% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), AMZD annualized -20.41% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, AMZD or IVV?
AMZD has been the more volatile fund at 29.0% annualized versus 15.1% for IVV. Worst drawdown: AMZD -74.8% vs IVV -56.5%.
Should I hold both AMZD and IVV?
AMZD and IVV have a monthly-return correlation of -0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMZD and IVV?
AMZD and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, AMZD or IVV?
AMZD yields 3.23% while IVV yields 1.10%, so AMZD currently pays the higher dividend yield.
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