DRV vs IVV
Direxion Daily Real Estate Bear 3X 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 | DRV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.03% | |
| AUM | $26M | $907.0B | |
| Dividend Yield | 3.94% | 1.10% | |
| Holdings | 5 | 508 | |
| YTD Return | -29.33% | +13.51% | |
| 1Y Return | -21.44% | +20.65% | |
| 3Y Return (annualized) | -25.66% | +21.94% | |
| 5Y Return (annualized) | -14.36% | +12.95% | |
| Volatility (annualized) | 49.0% | 15.1% | |
| Max Drawdown | -100.0% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 16, 2009 | May 15, 2000 |
DRV vs IVV Performance
Direxion Daily Real Estate Bear 3X ETF (DRV) 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 DRV returned -21.44% while IVV returned +20.65%. Year to date, DRV is down 29.33% versus a gain of 13.51% for IVV.
Over three years, DRV compounded at -25.66% per year against +21.94% for IVV; over five years the annualized figures are -14.36% and +12.95% respectively. Across the full 17-year window we track, IVV has the edge at +7.02% annualized vs -42.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DRV has been the more volatile fund, with annualized monthly volatility of 49.0% 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 -100.0% for DRV 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 -0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DRV charges 1.06% per year while IVV charges 0.03%. On a $10,000 position that is $106 vs $3 annually, a gap of $103 per year that compounds over a long holding period. On income, DRV currently yields 3.94% against 1.10% for IVV.
Holdings Overlap
DRV and IVV share 0 holdings out of 507 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, DRV or IVV?
DRV has an expense ratio of 1.06% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $103 per year of difference.
Which performed better, DRV or IVV?
Over the past year DRV returned -21.44% vs +20.65% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (17 years), DRV annualized -42.78% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, DRV or IVV?
DRV has been the more volatile fund at 49.0% annualized versus 15.1% for IVV. Worst drawdown: DRV -100.0% vs IVV -56.5%.
Should I hold both DRV and IVV?
DRV and IVV have a monthly-return correlation of -0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DRV and IVV?
DRV and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, DRV or IVV?
DRV yields 3.94% while IVV yields 1.10%, so DRV currently pays the higher dividend yield.
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