EDZ vs IVV
Direxion Daily MSCI Emerging Markets 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 | EDZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | |
| AUM | $21M | $907.0B | |
| Dividend Yield | 4.26% | 1.10% | |
| Holdings | 4 | 508 | |
| YTD Return | -52.09% | +13.22% | |
| 1Y Return | -67.67% | +21.62% | |
| 3Y Return (annualized) | -49.07% | +22.17% | |
| 5Y Return (annualized) | -29.37% | +13.42% | |
| Volatility (annualized) | 53.7% | 15.1% | |
| Max Drawdown | -100.0% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 17, 2008 | May 15, 2000 |
EDZ vs IVV Performance
Direxion Daily MSCI Emerging Markets Bear 3X ETF (EDZ) 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 EDZ returned -67.67% while IVV returned +21.62%. Year to date, EDZ is down 52.09% versus a gain of 13.22% for IVV.
Over three years, EDZ compounded at -49.07% per year against +22.17% for IVV; over five years the annualized figures are -29.37% and +13.42% respectively. Across the full 18-year window we track, IVV has the edge at +7.02% annualized vs -40.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDZ has been the more volatile fund, with annualized monthly volatility of 53.7% 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 -100.0% for EDZ 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 -0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EDZ charges 1.05% per year while IVV charges 0.03%. On a $10,000 position that is $105 vs $3 annually, a gap of $102 per year that compounds over a long holding period. On income, EDZ currently yields 4.26% against 1.10% for IVV.
Holdings Overlap
EDZ 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, EDZ or IVV?
EDZ has an expense ratio of 1.05% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, EDZ or IVV?
Over the past year EDZ returned -67.67% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (18 years), EDZ annualized -40.23% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, EDZ or IVV?
EDZ has been the more volatile fund at 53.7% annualized versus 15.1% for IVV. Worst drawdown: EDZ -100.0% vs IVV -56.5%.
Should I hold both EDZ and IVV?
EDZ and IVV have a monthly-return correlation of -0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EDZ and IVV?
EDZ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, EDZ or IVV?
EDZ yields 4.26% while IVV yields 1.10%, so EDZ currently pays the higher dividend yield.
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