AVL vs IVV
Direxion Daily AVGO Bull 2X 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 | AVL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.03% | |
| AUM | $186M | $907.0B | |
| Dividend Yield | 28.25% | 1.10% | |
| Holdings | 10 | 508 | |
| YTD Return | -10.29% | +12.28% | |
| 1Y Return | +13.55% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 113.7% | 15.1% | |
| Max Drawdown | -70.6% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 10, 2024 | May 15, 2000 |
AVL vs IVV Performance
Direxion Daily AVGO Bull 2X ETF (AVL) 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 AVL returned +13.55% while IVV returned +20.94%. Year to date, AVL is down 10.29% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
AVL has been the more volatile fund, with annualized monthly volatility of 113.7% 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 -70.6% for AVL 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVL charges 1.00% per year while IVV charges 0.03%. On a $10,000 position that is $100 vs $3 annually, a gap of $97 per year that compounds over a long holding period. On income, AVL currently yields 28.25% against 1.10% for IVV.
Holdings Overlap
AVL and IVV share 1 holdings out of 509 unique holdings combined, representing a 2.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVL | Weight in IVV | Difference |
|---|---|---|---|
| AVGO | 15.97% | 2.83% | 13.14% |
Frequently Asked Questions
Which is cheaper, AVL or IVV?
AVL has an expense ratio of 1.00% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, AVL or IVV?
Over the past year AVL returned +13.55% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), AVL annualized +43.39% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AVL or IVV?
AVL has been the more volatile fund at 113.7% annualized versus 15.1% for IVV. Worst drawdown: AVL -70.6% vs IVV -56.5%.
Should I hold both AVL and IVV?
AVL and IVV have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVL and IVV?
AVL and IVV share 1 common holdings with a 2.8% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, AVL or IVV?
AVL yields 28.25% while IVV yields 1.10%, so AVL currently pays the higher dividend yield.
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