ELIL vs IVV
Direxion Daily LLY Bull 2X ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ELIL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ELIL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.03% | |
| AUM | $20M | $907.0B | |
| Dividend Yield | 11.26% | 1.10% | |
| Holdings | 9 | 508 | |
| YTD Return | +4.26% | +14.29% | |
| 1Y Return | +143.65% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 74.1% | 15.1% | |
| Max Drawdown | -55.8% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 26, 2025 | May 15, 2000 |
ELIL vs IVV Performance
Direxion Daily LLY Bull 2X ETF (ELIL) 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 ELIL returned +143.65% while IVV returned +21.79%. Year to date, ELIL is up 4.26% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
ELIL has been the more volatile fund, with annualized monthly volatility of 74.1% 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 -55.8% for ELIL 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 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELIL charges 1.07% per year while IVV charges 0.03%. On a $10,000 position that is $107 vs $3 annually, a gap of $104 per year that compounds over a long holding period. On income, ELIL currently yields 11.26% against 1.10% for IVV.
Holdings Overlap
ELIL and IVV share 1 holdings out of 509 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ELIL | Weight in IVV | Difference |
|---|---|---|---|
| LLY | 15.38% | 1.44% | 13.94% |
Frequently Asked Questions
Which is cheaper, ELIL or IVV?
ELIL has an expense ratio of 1.07% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, ELIL or IVV?
Over the past year ELIL returned +143.65% vs +21.79% for IVV, so ELIL leads on 1-year performance. Over the longest common window we track (1 years), ELIL annualized +30.23% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, ELIL or IVV?
ELIL has been the more volatile fund at 74.1% annualized versus 15.1% for IVV. Worst drawdown: ELIL -55.8% vs IVV -56.5%.
Should I hold both ELIL and IVV?
ELIL and IVV have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELIL and IVV?
ELIL and IVV share 1 common holdings with a 1.4% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, ELIL or IVV?
ELIL yields 11.26% while IVV yields 1.10%, so ELIL currently pays the higher dividend yield.
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