APHG vs IVV

Quick Verdict

IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.

Lower Fees: IVVHigher Returns: IVVMore Diversified: IVV

Side-by-Side Comparison

MetricAPHGIVVWinner
Expense Ratio0.99%0.03%
AUM$385,498.17$865.2B
Dividend Yield0.00%1.09%
Holdings1508
YTD Return+7.61%+13.80%
1Y Return+7.61%+23.70%
3Y Return (annualized)-+21.49%
5Y Return (annualized)-+13.43%
Volatility (annualized)1025668.3%15.1%
Max Drawdown-94.1%-56.5%
Fund FamilyLeverage SharesiShares by BlackRock (US)
CategoryAlternativeEquity
InceptionJun 16, 2026May 15, 2000

APHG vs IVV Performance

Leverage Shares 2X Long APH Daily ETF (APHG) is a ETF from Leverage Shares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year APHG returned +7.61% while IVV returned +23.70%. Year to date, APHG is up 7.61% versus a gain of 13.80% for IVV.

Risk: Volatility and Drawdowns

APHG has been the more volatile fund, with annualized monthly volatility of 1025668.3% 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 -94.1% for APHG 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

APHG charges 0.99% per year while IVV charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, APHG currently yields 0.00% against 1.09% for IVV.

Holdings Overlap

0.0%overlap

APHG and IVV share 0 holdings out of 506 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, APHG or IVV?

APHG has an expense ratio of 0.99% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $96 per year of difference.

Which performed better, APHG or IVV?

Over the past year APHG returned +7.61% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), APHG annualized +56.34% vs +7.05% for IVV. Past performance does not guarantee future results.

Which is riskier, APHG or IVV?

APHG has been the more volatile fund at 1025668.3% annualized versus 15.1% for IVV. Worst drawdown: APHG -94.1% vs IVV -56.5%.

Should I hold both APHG and IVV?

APHG and IVV have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between APHG and IVV?

APHG and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.

Which pays a higher dividend, APHG or IVV?

APHG yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.

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