ERY vs IVV
Direxion Daily Energy Bear 2X 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 | ERY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.03% | |
| AUM | $39M | $907.0B | |
| Dividend Yield | 3.49% | 1.10% | |
| Holdings | 7 | 508 | |
| YTD Return | -52.03% | +13.22% | |
| 1Y Return | -59.37% | +21.62% | |
| 3Y Return (annualized) | -27.44% | +22.17% | |
| 5Y Return (annualized) | -44.04% | +13.42% | |
| Volatility (annualized) | 59.7% | 15.1% | |
| Max Drawdown | -100.0% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2008 | May 15, 2000 |
ERY vs IVV Performance
Direxion Daily Energy Bear 2X ETF (ERY) 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 ERY returned -59.37% while IVV returned +21.62%. Year to date, ERY is down 52.03% versus a gain of 13.22% for IVV.
Over three years, ERY compounded at -27.44% per year against +22.17% for IVV; over five years the annualized figures are -44.04% and +13.42% respectively. Across the full 18-year window we track, IVV has the edge at +7.02% annualized vs -40.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ERY has been the more volatile fund, with annualized monthly volatility of 59.7% 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 ERY 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 -0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ERY charges 0.99% per year while IVV charges 0.03%. On a $10,000 position that is $99 vs $3 annually, a gap of $96 per year that compounds over a long holding period. On income, ERY currently yields 3.49% against 1.10% for IVV.
Holdings Overlap
ERY and IVV share 0 holdings out of 508 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, ERY or IVV?
ERY has an expense ratio of 0.99% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, ERY or IVV?
Over the past year ERY returned -59.37% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (18 years), ERY annualized -40.42% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, ERY or IVV?
ERY has been the more volatile fund at 59.7% annualized versus 15.1% for IVV. Worst drawdown: ERY -100.0% vs IVV -56.5%.
Should I hold both ERY and IVV?
ERY and IVV have a monthly-return correlation of -0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ERY and IVV?
ERY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, ERY or IVV?
ERY yields 3.49% while IVV yields 1.10%, so ERY currently pays the higher dividend yield.
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