IVV vs PANG
iShares Core S&P 500 ETF vs Leverage Shares 2X Long PANW Daily ETF
Which is better, IVV or PANG?
Large Cap Blend against Leverage Strategy.
IVV has a lower expense ratio. PANG 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 | PANG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.76% |
| AUM | $876.4B | $8M |
| Dividend Yield | 1.06% | 3.48% |
| Holdings | 508 | 5 |
| YTD Return | +12.39% | +211.71%Best |
| 1Y Return | +16.61% | +123.26%Best |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 12.0%Best | 131.0% |
| Max Drawdown | -13.7%Best | -62.4% |
| $10,000 over 1.5 years | $13,760 | $24,750Best |
| Fund Family | iShares by BlackRock (US) | Leverage Shares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Leverage Strategy |
| Inception | May 15, 2000 | Mar 21, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 21, 2025 to Sep 18, 2026 (1.5 years).
IVV vs PANG 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 1.5 years both funds cover.
IVV vs PANG Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Leverage Shares 2X Long PANW Daily ETF (PANG) is an ETF from Leverage Shares. Over the past year IVV returned +16.61% while PANG returned +123.26%. Year to date, IVV is up 12.39% versus a gain of 211.71% for PANG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PANG has been the more volatile fund, with annualized monthly volatility of 131.0% compared with 12.0% 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 -13.7% for IVV and -62.4% for PANG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PANG charges 0.76%. On a $10,000 position that is $3 vs $76 annually, a gap of $73 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.48% for PANG.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in PANG, totalling 99.3% and 8.4% 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 490 positions we hold weights for in IVV and 1 in PANG, against full books of 508 and 5.
You are not choosing between two funds in isolation.
Whichever of IVV and PANG 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 PANG?
IVV has an expense ratio of 0.03% while PANG charges 0.76%. IVV is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, IVV or PANG?
Over the past year IVV returned +16.61% vs +123.26% for PANG, so PANG leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +23.71% vs +82.97% for PANG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PANG?
PANG has been the more volatile fund at 131.0% annualized versus 12.0% for IVV. Worst drawdown: IVV -13.7% vs PANG -62.4%.
Should I hold both IVV and PANG?
IVV and PANG have a monthly-return correlation of 0.31, 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 PANG?
IVV yields 1.06% while PANG yields 3.48%, so PANG currently pays the higher dividend yield.
Is PANG better than IVV?
IVV has a lower expense ratio. PANG 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.