IVV vs LLYX
iShares Core S&P 500 ETF vs Defiance Daily Target 2X Long LLY ETF
Quick Verdict
IVV has a lower expense ratio. LLYX delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LLYX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.32% | |
| AUM | $907.0B | $46M | |
| Dividend Yield | 1.10% | 2.82% | |
| Holdings | 508 | 10 | |
| YTD Return | +12.71% | +14.26% | |
| 1Y Return | +21.89% | +144.00% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 71.6% | |
| Max Drawdown | -56.5% | -68.0% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 7, 2024 |
IVV vs LLYX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Daily Target 2X Long LLY ETF (LLYX) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +21.89% while LLYX returned +144.00%. Year to date, IVV is up 12.71% versus a gain of 14.26% for LLYX.
Risk: Volatility and Drawdowns
LLYX has been the more volatile fund, with annualized monthly volatility of 71.6% 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 -56.5% for IVV and -68.0% for LLYX. 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LLYX charges 1.32%. On a $10,000 position that is $3 vs $132 annually, a gap of $129 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.82% for LLYX.
Holdings Overlap
IVV and LLYX 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, IVV or LLYX?
IVV has an expense ratio of 0.03% while LLYX charges 1.32%. IVV is the cheaper option. On a $10,000 investment, that is $129 per year of difference.
Which performed better, IVV or LLYX?
Over the past year IVV returned +21.89% vs +144.00% for LLYX, so LLYX leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +12.54% for LLYX. Past performance does not guarantee future results.
Which is riskier, IVV or LLYX?
LLYX has been the more volatile fund at 71.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs LLYX -68.0%.
Should I hold both IVV and LLYX?
IVV and LLYX have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LLYX?
IVV and LLYX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or LLYX?
IVV yields 1.10% while LLYX yields 2.82%, so LLYX currently pays the higher dividend yield.
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