IVV vs NFXL
iShares Core S&P 500 ETF vs Direxion Daily NFLX Bull 2X ETF
Which is better, IVV or NFXL?
Large Cap Blend against Leverage Strategy.
IVV has a lower expense ratio. IVV led over 1Y and the full window.
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 | NFXL |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.05% |
| AUM | $876.4B | $150M |
| Dividend Yield | 1.06% | 10.31% |
| Holdings | 508 | 10 |
| YTD Return | +11.51%Best | -38.08% |
| 1Y Return | +15.96%Best | -67.23% |
| 3Y Return (annualized) | +21.01% | - |
| 5Y Return (annualized) | +12.66% | - |
| Volatility (annualized) | 12.9%Best | 71.3% |
| Max Drawdown | -18.8%Best | -80.3% |
| $10,000 over 1.9 years | $13,526Best | $7,763 |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Leverage Strategy |
| Inception | May 15, 2000 | Oct 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 3, 2024 to Sep 15, 2026 (1.9 years).
IVV vs NFXL 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 1.9 years both funds cover.
IVV vs NFXL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Direxion Daily NFLX Bull 2X ETF (NFXL) is an ETF from Direxion Shares ETF Trust. Over the past year IVV returned +15.96% while NFXL returned -67.23%. Year to date, IVV is up 11.51% versus a loss of 38.08% for NFXL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFXL has been the more volatile fund, with annualized monthly volatility of 71.3% compared with 12.9% 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 -18.8% for IVV and -80.3% for NFXL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.17. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while NFXL charges 1.05%. On a $10,000 position that is $3 vs $105 annually, a gap of $102 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 10.31% for NFXL.
Holdings Overlap
At least 0.5% of IVV's money is in holdings NFXL also owns.
Stated as a floor: for NFXL, our book for it covers 89.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 490 positions we hold weights for in IVV and 4 in NFXL, against full books of 508 and 10.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NFXL | Difference |
|---|---|---|---|
| NFLXNetflix, Inc. | 0.51% | 15.55% | 15.04% |
You are not choosing between two funds in isolation.
Whichever of IVV and NFXL 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 NFXL?
IVV has an expense ratio of 0.03% while NFXL charges 1.05%. IVV is the cheaper option, by $102 a year on a $10,000 investment.
Which performed better, IVV or NFXL?
Over the past year IVV returned +15.96% vs -67.23% for NFXL, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +17.23% vs -12.48% for NFXL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NFXL?
NFXL has been the more volatile fund at 71.3% annualized versus 12.9% for IVV. Worst drawdown: IVV -18.8% vs NFXL -80.3%.
Should I hold both IVV and NFXL?
IVV and NFXL have a monthly-return correlation of 0.17, 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 NFXL?
IVV yields 1.06% while NFXL yields 10.31%, so NFXL currently pays the higher dividend yield.
Is NFXL better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.