AMZZ vs IVV
GraniteShares 2x Long AMZN Daily 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 | AMZZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.03% | |
| AUM | $42M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 2 | 508 | |
| YTD Return | +16.61% | +12.28% | |
| 1Y Return | +12.52% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 63.5% | 15.1% | |
| Max Drawdown | -55.3% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 4, 2024 | May 15, 2000 |
AMZZ vs IVV Performance
GraniteShares 2x Long AMZN Daily ETF (AMZZ) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AMZZ returned +12.52% while IVV returned +20.94%. Year to date, AMZZ is up 16.61% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
AMZZ has been the more volatile fund, with annualized monthly volatility of 63.5% 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 -55.3% for AMZZ 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMZZ charges 1.15% per year while IVV charges 0.03%. On a $10,000 position that is $115 vs $3 annually, a gap of $112 per year that compounds over a long holding period. On income, AMZZ currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
AMZZ and IVV share 1 holdings out of 505 unique holdings combined, representing a 3.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AMZZ | Weight in IVV | Difference |
|---|---|---|---|
| AMZN | 66.67% | 3.75% | 62.92% |
Frequently Asked Questions
Which is cheaper, AMZZ or IVV?
AMZZ has an expense ratio of 1.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, AMZZ or IVV?
Over the past year AMZZ returned +12.52% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), AMZZ annualized +15.36% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AMZZ or IVV?
AMZZ has been the more volatile fund at 63.5% annualized versus 15.1% for IVV. Worst drawdown: AMZZ -55.3% vs IVV -56.5%.
Should I hold both AMZZ and IVV?
AMZZ and IVV have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMZZ and IVV?
AMZZ and IVV share 1 common holdings with a 3.8% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AMZZ or IVV?
AMZZ yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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