IVV vs MUU
iShares Core S&P 500 ETF vs Direxion Daily MU Bull 2X ETF
Quick Verdict
IVV has a lower expense ratio. MUU delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MUU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.01% | |
| AUM | $907.0B | $4.2B | |
| Dividend Yield | 1.10% | 1.43% | |
| Holdings | 508 | 12 | |
| YTD Return | +14.29% | +435.09% | |
| 1Y Return | +21.79% | +2717.01% | |
| 3Y Return (annualized) | +22.19% | - | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | 222.1% | |
| Max Drawdown | -56.5% | -75.1% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 10, 2024 |
IVV vs MUU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily MU Bull 2X ETF (MUU) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +21.79% while MUU returned +2717.01%. Year to date, IVV is up 14.29% versus a gain of 435.09% for MUU.
Risk: Volatility and Drawdowns
MUU has been the more volatile fund, with annualized monthly volatility of 222.1% 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 -75.1% for MUU. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MUU charges 1.01%. On a $10,000 position that is $3 vs $101 annually, a gap of $98 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.43% for MUU.
Holdings Overlap
IVV and MUU share 1 holdings out of 509 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MUU | Difference |
|---|---|---|---|
| MU | 1.69% | 16.84% | 15.15% |
Frequently Asked Questions
Which is cheaper, IVV or MUU?
IVV has an expense ratio of 0.03% while MUU charges 1.01%. IVV is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, IVV or MUU?
Over the past year IVV returned +21.79% vs +2717.01% for MUU, so MUU leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.06% vs +482.67% for MUU. Past performance does not guarantee future results.
Which is riskier, IVV or MUU?
MUU has been the more volatile fund at 222.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MUU -75.1%.
Should I hold both IVV and MUU?
IVV and MUU have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MUU?
IVV and MUU share 1 common holdings with a 1.7% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or MUU?
IVV yields 1.10% while MUU yields 1.43%, so MUU currently pays the higher dividend yield.
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