HCMT vs IVV
Direxion HCM Tactical Enhanced US ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HCMT delivered stronger 1-year returns. HCMT offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | HCMT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.18% | 0.03% | |
| AUM | $625M | $907.0B | |
| Dividend Yield | 0.62% | 1.10% | |
| Holdings | 509 | 508 | |
| YTD Return | +6.72% | +12.71% | |
| 1Y Return | +22.41% | +21.89% | |
| 3Y Return (annualized) | +19.80% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 24.6% | 15.1% | |
| Max Drawdown | -36.3% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 22, 2023 | May 15, 2000 |
HCMT vs IVV Performance
Direxion HCM Tactical Enhanced US ETF (HCMT) 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 HCMT returned +22.41% while IVV returned +21.89%. Year to date, HCMT is up 6.72% versus a gain of 12.71% for IVV.
Over three years, HCMT compounded at +19.80% per year against +22.08% for IVV. Across the full 3-year window we track, HCMT has the edge at +17.91% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCMT has been the more volatile fund, with annualized monthly volatility of 24.6% 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 -36.3% for HCMT 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HCMT charges 1.18% per year while IVV charges 0.03%. On a $10,000 position that is $118 vs $3 annually, a gap of $115 per year that compounds over a long holding period. On income, HCMT currently yields 0.62% against 1.10% for IVV.
Holdings Overlap
HCMT and IVV share 451 holdings out of 559 unique holdings combined, representing a 72.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, HCMT or IVV?
HCMT has an expense ratio of 1.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $115 per year of difference.
Which performed better, HCMT or IVV?
Over the past year HCMT returned +22.41% vs +21.89% for IVV, so HCMT leads on 1-year performance. Over the longest common window we track (3 years), HCMT annualized +17.91% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HCMT or IVV?
HCMT has been the more volatile fund at 24.6% annualized versus 15.1% for IVV. Worst drawdown: HCMT -36.3% vs IVV -56.5%.
Should I hold both HCMT and IVV?
HCMT and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HCMT and IVV?
HCMT and IVV share 451 common holdings with a 72.1% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, HCMT or IVV?
HCMT yields 0.62% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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