IVV vs PALD
iShares Core S&P 500 ETF vs Direxion Daily PANW 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 | PALD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.02% | |
| AUM | $907.0B | $3M | |
| Dividend Yield | 1.10% | 5.19% | |
| Holdings | 508 | 8 | |
| YTD Return | +12.28% | -54.04% | |
| 1Y Return | +20.94% | -52.78% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 47.0% | |
| Max Drawdown | -56.5% | -67.4% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Mar 26, 2025 |
IVV vs PALD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily PANW Bear 1X ETF (PALD) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +20.94% while PALD returned -52.78%. Year to date, IVV is up 12.28% versus a loss of 54.04% for PALD.
Risk: Volatility and Drawdowns
PALD has been the more volatile fund, with annualized monthly volatility of 47.0% 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 -67.4% for PALD. 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 -0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PALD 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 5.19% for PALD.
Holdings Overlap
IVV and PALD share 0 holdings out of 509 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 PALD?
IVV has an expense ratio of 0.03% while PALD 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 PALD?
Over the past year IVV returned +20.94% vs -52.78% for PALD, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +6.98% vs -42.77% for PALD. Past performance does not guarantee future results.
Which is riskier, IVV or PALD?
PALD has been the more volatile fund at 47.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PALD -67.4%.
Should I hold both IVV and PALD?
IVV and PALD have a monthly-return correlation of -0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PALD?
IVV and PALD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or PALD?
IVV yields 1.10% while PALD yields 5.19%, so PALD currently pays the higher dividend yield.
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