IVV vs LMNX
iShares Core S&P 500 ETF vs Defiance Daily Target 2X Long LMND 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 | IVV | LMNX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.31% | |
| AUM | $907.0B | $5M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 9 | |
| YTD Return | +12.71% | -73.17% | |
| 1Y Return | +21.89% | -44.88% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 51.7% | |
| Max Drawdown | -56.5% | -94.2% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 15, 2025 |
IVV vs LMNX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Daily Target 2X Long LMND ETF (LMNX) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +21.89% while LMNX returned -44.88%. Year to date, IVV is up 12.71% versus a loss of 73.17% for LMNX.
Risk: Volatility and Drawdowns
LMNX has been the more volatile fund, with annualized monthly volatility of 51.7% 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 -56.5% for IVV and -94.2% for LMNX. 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LMNX charges 1.31%. On a $10,000 position that is $3 vs $131 annually, a gap of $128 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for LMNX.
Holdings Overlap
IVV and LMNX 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 LMNX?
IVV has an expense ratio of 0.03% while LMNX charges 1.31%. IVV is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, IVV or LMNX?
Over the past year IVV returned +21.89% vs -44.88% for LMNX, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.00% vs -3.28% for LMNX. Past performance does not guarantee future results.
Which is riskier, IVV or LMNX?
LMNX has been the more volatile fund at 51.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs LMNX -94.2%.
Should I hold both IVV and LMNX?
IVV and LMNX have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LMNX?
IVV and LMNX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or LMNX?
IVV yields 1.10% while LMNX yields 0.00%, so IVV currently pays the higher dividend yield.
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