ERX vs IVV
Direxion Daily Energy Bull 2X ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ERX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ERX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.91% | 0.03% | |
| AUM | $229M | $865.2B | |
| Dividend Yield | 1.85% | 1.09% | |
| Holdings | 29 | 508 | |
| YTD Return | +71.92% | +14.50% | |
| 1Y Return | +95.14% | +22.02% | |
| 3Y Return (annualized) | +17.18% | +21.80% | |
| 5Y Return (annualized) | +36.91% | +13.37% | |
| Volatility (annualized) | 65.6% | 15.1% | |
| Max Drawdown | -99.6% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2008 | May 15, 2000 |
ERX vs IVV Performance
Direxion Daily Energy Bull 2X ETF (ERX) 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 ERX returned +95.14% while IVV returned +22.02%. Year to date, ERX is up 71.92% versus a gain of 14.50% for IVV.
Over three years, ERX compounded at +17.18% per year against +21.80% for IVV; over five years the annualized figures are +36.91% and +13.37% respectively. Across the full 18-year window we track, IVV has the edge at +7.07% annualized vs -7.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ERX has been the more volatile fund, with annualized monthly volatility of 65.6% 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 -99.6% for ERX 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ERX charges 0.91% per year while IVV charges 0.03%. On a $10,000 position that is $91 vs $3 annually, a gap of $88 per year that compounds over a long holding period. On income, ERX currently yields 1.85% against 1.09% for IVV.
Holdings Overlap
ERX and IVV share 21 holdings out of 508 unique holdings combined, representing a 3.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ERX or IVV?
ERX has an expense ratio of 0.91% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, ERX or IVV?
Over the past year ERX returned +95.14% vs +22.02% for IVV, so ERX leads on 1-year performance. Over the longest common window we track (18 years), ERX annualized -7.71% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, ERX or IVV?
ERX has been the more volatile fund at 65.6% annualized versus 15.1% for IVV. Worst drawdown: ERX -99.6% vs IVV -56.5%.
Should I hold both ERX and IVV?
ERX and IVV have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ERX and IVV?
ERX and IVV share 21 common holdings with a 3.3% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, ERX or IVV?
ERX yields 1.85% while IVV yields 1.09%, so ERX currently pays the higher dividend yield.
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