IVV vs MSFD
iShares Core S&P 500 ETF vs Direxion Daily MSFT Bear 1X 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 | MSFD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.02% | |
| AUM | $907.0B | $18M | |
| Dividend Yield | 1.10% | 4.03% | |
| Holdings | 508 | 6 | |
| YTD Return | +13.74% | -7.37% | |
| 1Y Return | +21.54% | +2.01% | |
| 3Y Return (annualized) | +22.61% | -13.58% | |
| 5Y Return (annualized) | +13.31% | - | |
| Volatility (annualized) | 15.1% | 26.0% | |
| Max Drawdown | -56.5% | -59.9% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Sep 7, 2022 |
IVV vs MSFD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily MSFT Bear 1X ETF (MSFD) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +21.54% while MSFD returned +2.01%. Year to date, IVV is up 13.74% versus a loss of 7.37% for MSFD.
Over three years, IVV compounded at +22.61% per year against -13.58% for MSFD. Across the full 4-year window we track, IVV has the edge at +7.04% annualized vs -16.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MSFD has been the more volatile fund, with annualized monthly volatility of 26.0% 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 -59.9% for MSFD. 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 -0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MSFD charges 1.02%. On a $10,000 position that is $3 vs $102 annually, a gap of $99 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.03% for MSFD.
Holdings Overlap
IVV and MSFD share 0 holdings out of 508 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 MSFD?
IVV has an expense ratio of 0.03% while MSFD charges 1.02%. IVV is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, IVV or MSFD?
Over the past year IVV returned +21.54% vs +2.01% for MSFD, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.04% vs -16.00% for MSFD. Past performance does not guarantee future results.
Which is riskier, IVV or MSFD?
MSFD has been the more volatile fund at 26.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MSFD -59.9%.
Should I hold both IVV and MSFD?
IVV and MSFD have a monthly-return correlation of -0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MSFD?
IVV and MSFD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or MSFD?
IVV yields 1.10% while MSFD yields 4.03%, so MSFD currently pays the higher dividend yield.
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