IVV vs MEXX
iShares Core S&P 500 ETF vs Direxion Daily MSCI Mexico Bull 3X ETF
Which is better, IVV or MEXX?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MEXX over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | MEXX |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.23% |
| AUM | $876.4B | $17M |
| Dividend Yield | 1.06% | 1.42% |
| Holdings | 508 | 10 |
| YTD Return | +12.51%Best | +9.75% |
| 1Y Return | +17.57% | +30.43%Best |
| 3Y Return (annualized) | +21.27%Best | +4.19% |
| 5Y Return (annualized) | +12.95%Best | +9.83% |
| Volatility (annualized) | 15.9%Best | 71.3% |
| Max Drawdown | -33.9%Best | -95.8% |
| $10,000 over 5 years | $18,384Best | $15,981 |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | May 3, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 3, 2017 to Sep 11, 2026 (9.4 years).
IVV vs MEXX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.4 years both funds cover.
IVV vs MEXX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) is an ETF from Direxion Shares ETF Trust. Over the past year IVV returned +17.57% while MEXX returned +30.43%. Year to date, IVV is up 12.51% versus a gain of 9.75% for MEXX.
Over three years, IVV compounded at +21.27% per year against +4.19% for MEXX; over five years the annualized figures are +12.95% and +9.83% respectively. Across the full 9-year window we track, IVV has the edge at +14.16% annualized vs -6.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEXX has been the more volatile fund, with annualized monthly volatility of 71.3% compared with 15.9% 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 -33.9% for IVV and -95.8% for MEXX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while MEXX charges 1.23%. On a $10,000 position that is $3 vs $123 annually, a gap of $120 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.42% for MEXX.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 4 in MEXX, totalling 100.0% and 94.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 4 in MEXX, against full books of 508 and 10.
You are not choosing between two funds in isolation.
Whichever of IVV and MEXX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or MEXX?
IVV has an expense ratio of 0.03% while MEXX charges 1.23%. IVV is the cheaper option, by $120 a year on a $10,000 investment.
Which performed better, IVV or MEXX?
Over the past year IVV returned +17.57% vs +30.43% for MEXX, so MEXX leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +14.16% vs -6.69% for MEXX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MEXX?
MEXX has been the more volatile fund at 71.3% annualized versus 15.9% for IVV. Worst drawdown: IVV -33.9% vs MEXX -95.8%.
Should I hold both IVV and MEXX?
IVV and MEXX have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or MEXX?
IVV yields 1.06% while MEXX yields 1.42%, so MEXX currently pays the higher dividend yield.
Is MEXX better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MEXX over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.