GLGG vs IVV
Leverage Shares 2X Long GLXY Daily 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 | GLGG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.03% | |
| AUM | $2M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 6 | 508 | |
| YTD Return | -56.53% | +12.28% | |
| 1Y Return | -66.65% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 188.7% | 15.1% | |
| Max Drawdown | -92.2% | -56.5% | |
| Fund Family | Leverage Shares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 21, 2025 | May 15, 2000 |
GLGG vs IVV Performance
Leverage Shares 2X Long GLXY Daily ETF (GLGG) is a ETF from Leverage Shares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GLGG returned -66.65% while IVV returned +20.94%. Year to date, GLGG is down 56.53% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
GLGG has been the more volatile fund, with annualized monthly volatility of 188.7% 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 -92.2% for GLGG 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GLGG charges 0.76% per year while IVV charges 0.03%. On a $10,000 position that is $76 vs $3 annually, a gap of $73 per year that compounds over a long holding period. On income, GLGG currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
GLGG and IVV share 0 holdings out of 506 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, GLGG or IVV?
GLGG has an expense ratio of 0.76% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, GLGG or IVV?
Over the past year GLGG returned -66.65% vs +20.94% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, GLGG or IVV?
GLGG has been the more volatile fund at 188.7% annualized versus 15.1% for IVV. Worst drawdown: GLGG -92.2% vs IVV -56.5%.
Should I hold both GLGG and IVV?
GLGG and IVV have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLGG and IVV?
GLGG and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, GLGG or IVV?
GLGG yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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