AVS vs IVV
Direxion Daily AVGO 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 | AVS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.03% | |
| AUM | $8M | $907.0B | |
| Dividend Yield | 3.58% | 1.10% | |
| Holdings | 8 | 508 | |
| YTD Return | -13.75% | +12.28% | |
| 1Y Return | -32.77% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 47.1% | 15.1% | |
| Max Drawdown | -76.6% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 10, 2024 | May 15, 2000 |
AVS vs IVV Performance
Direxion Daily AVGO Bear 1X ETF (AVS) 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 AVS returned -32.77% while IVV returned +20.94%. Year to date, AVS is down 13.75% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
AVS has been the more volatile fund, with annualized monthly volatility of 47.1% 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 -76.6% for AVS 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 -0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVS charges 1.03% per year while IVV charges 0.03%. On a $10,000 position that is $103 vs $3 annually, a gap of $100 per year that compounds over a long holding period. On income, AVS currently yields 3.58% against 1.10% for IVV.
Holdings Overlap
AVS and IVV share 0 holdings out of 509 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, AVS or IVV?
AVS has an expense ratio of 1.03% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, AVS or IVV?
Over the past year AVS returned -32.77% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), AVS annualized -43.93% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AVS or IVV?
AVS has been the more volatile fund at 47.1% annualized versus 15.1% for IVV. Worst drawdown: AVS -76.6% vs IVV -56.5%.
Should I hold both AVS and IVV?
AVS and IVV have a monthly-return correlation of -0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVS and IVV?
AVS and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, AVS or IVV?
AVS yields 3.58% while IVV yields 1.10%, so AVS currently pays the higher dividend yield.
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