ERX vs IVV
Direxion Daily Energy Bull 2X ETF vs iShares Core S&P 500 ETF
Which is better, ERX or IVV?
Trading-Leveraged Equity against Large Cap Blend.
IVV has a lower expense ratio. ERX led over 1Y and 5Y, IVV over 3Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 75.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ERX | IVV |
|---|---|---|
| Expense Ratio | 0.91% | 0.03%Best |
| AUM | $241M | $886.7B |
| Dividend Yield | 1.49% | 1.10% |
| Holdings | 29 | 508 |
| YTD Return | +88.39%Best | +13.39% |
| 1Y Return | +98.80%Best | +20.08% |
| 3Y Return (annualized) | +19.51% | +21.29%Best |
| 5Y Return (annualized) | +40.86%Best | +12.88% |
| Volatility (annualized) | 65.5% | 14.8%Best |
| Max Drawdown | - | -33.9% |
| $10,000 over 5 years | $55,455Best | $18,327 |
| Top 10 Weight | 75.7% | 37.9%Best |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Nov 6, 2008 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Nov 6, 2008 to Sep 4, 2026 (17.8 years).
ERX vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 17.8 years both funds cover.
ERX vs IVV Performance
Direxion Daily Energy Bull 2X ETF (ERX) is an ETF from Direxion Shares ETF Trust and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year ERX returned +98.80% while IVV returned +20.08%. Year to date, ERX is up 88.39% versus a gain of 13.39% for IVV.
Over three years, ERX compounded at +19.51% per year against +21.29% for IVV; over five years the annualized figures are +40.86% and +12.88% respectively. Across the full 18-year window we track, IVV has the edge at +13.25% annualized vs -7.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ERX has been the more volatile fund, with annualized monthly volatility of 65.5% compared with 14.8% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
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 1.49% against 1.10% for IVV.
Holdings Overlap
71.8% of ERX's money is in holdings IVV also owns. 3.1% of IVV's money is in holdings ERX also owns.
Most of ERX is already inside IVV. Owning both mostly buys the same companies twice.
21 positions in common, counted across the 23 positions we hold weights for in ERX and 505 in IVV, against full books of 29 and 508.
What only one of them owns
Our book lists 476 positions for IVV that do not appear in our book for ERX (96.2% of the fund), and 2 for ERX that do not appear in IVV (28.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ERX | Weight in IVV | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 14.96% | 0.94% | 14.02% |
| CVXChevron Corp | 10.83% | 0.52% | 10.31% |
| COPConocophillips Common Stock USD 0.01 | 4.37% | 0.21% | 4.16% |
| MPCMarathon Petroleum Corp | 3.57% | 0.13% | 3.44% |
| PSXPhillips 66 | 3.51% | 0.12% | 3.39% |
| VLOValero Energy | 3.44% | 0.13% | 3.31% |
| SLBSchlumberger Nv. | 3.25% | 0.11% | 3.14% |
| EOGEog Resources Inc | 3.22% | 0.11% | 3.11% |
| WMBWilliams Cos. Inc. | 2.83% | 0.13% | 2.70% |
| KMIKinder Morgan Inc./de | 2.80% | 0.09% | 2.71% |
71.8% of ERX is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $88 a year on a $10,000 investment.
Which performed better, ERX or IVV?
Over the past year ERX returned +98.80% vs +20.08% for IVV, so ERX leads on 1-year performance. Over the longest common window we track (18 years), ERX annualized -7.21% vs +13.25% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ERX or IVV?
ERX has been the more volatile fund at 65.5% annualized versus 14.8% for IVV.
Should I hold both ERX and IVV?
ERX and IVV have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ERX and IVV?
71.8% of ERX's money is in holdings IVV also owns. 3.1% of IVV's is in holdings ERX also owns. They hold 21 positions in common, counted across the 23 positions we hold weights for in ERX and 505 in IVV.
Which pays a higher dividend, ERX or IVV?
ERX yields 1.49% while IVV yields 1.10%, so ERX currently pays the higher dividend yield.
Is IVV better than ERX?
IVV has a lower expense ratio. ERX led over 1Y and 5Y, IVV over 3Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 75.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.