AVGG vs IVV
Leverage Shares 2X Long AVGO 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 | AVGG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.03% | |
| AUM | $52M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 5 | 508 | |
| YTD Return | -9.42% | +12.71% | |
| 1Y Return | +15.14% | +21.89% | |
| 3Y Return (annualized) | +55.24% | +22.08% | |
| 5Y Return (annualized) | +55.24% | +12.96% | |
| Volatility (annualized) | 198333.0% | 15.1% | |
| Max Drawdown | -99.9% | -56.5% | |
| Fund Family | Leverage Shares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | May 16, 2025 | May 15, 2000 |
AVGG vs IVV Performance
Leverage Shares 2X Long AVGO Daily ETF (AVGG) 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 AVGG returned +15.14% while IVV returned +21.89%. Year to date, AVGG is down 9.42% versus a gain of 12.71% for IVV.
Over three years, AVGG compounded at +55.24% per year against +22.08% for IVV; over five years the annualized figures are +55.24% and +12.96% respectively. Across the full 20-year window we track, AVGG has the edge at +25.94% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVGG has been the more volatile fund, with annualized monthly volatility of 198333.0% 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 -99.9% for AVGG 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVGG charges 0.76% per year while IVV charges 0.03%. On a $10,000 position that is $76 vs $3 annually, a gap of $73 per year that compounds over a long holding period. On income, AVGG currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
AVGG 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, AVGG or IVV?
AVGG has an expense ratio of 0.76% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, AVGG or IVV?
Over the past year AVGG returned +15.14% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), AVGG annualized +25.94% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, AVGG or IVV?
AVGG has been the more volatile fund at 198333.0% annualized versus 15.1% for IVV. Worst drawdown: AVGG -99.9% vs IVV -56.5%.
Should I hold both AVGG and IVV?
AVGG and IVV have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVGG and IVV?
AVGG and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, AVGG or IVV?
AVGG yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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