IVV vs PANG
iShares Core S&P 500 ETF vs Leverage Shares 2X Long PANW Daily ETF
Quick Verdict
IVV has a lower expense ratio. PANG delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PANG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.76% | |
| AUM | $865.2B | $6M | |
| Dividend Yield | 1.09% | 4.07% | |
| Holdings | 508 | 5 | |
| YTD Return | +13.72% | +276.09% | |
| 1Y Return | +21.64% | +263.81% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 134.2% | |
| Max Drawdown | -56.5% | -62.4% | |
| Fund Family | iShares by BlackRock (US) | Leverage Shares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Mar 21, 2025 |
IVV vs PANG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Leverage Shares 2X Long PANW Daily ETF (PANG) is a ETF from Leverage Shares. Over the past year IVV returned +21.64% while PANG returned +263.81%. Year to date, IVV is up 13.72% versus a gain of 276.09% for PANG.
Risk: Volatility and Drawdowns
PANG has been the more volatile fund, with annualized monthly volatility of 134.2% 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 -62.4% for PANG. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 4.07% for PANG.
Holdings Overlap
IVV and PANG share 0 holdings out of 506 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 PANG?
IVV has an expense ratio of 0.03% while PANG charges 0.76%. IVV is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, IVV or PANG?
Over the past year IVV returned +21.64% vs +263.81% for PANG, so PANG leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.04% vs +118.76% for PANG. Past performance does not guarantee future results.
Which is riskier, IVV or PANG?
PANG has been the more volatile fund at 134.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PANG -62.4%.
Should I hold both IVV and PANG?
IVV and PANG have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PANG?
IVV and PANG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or PANG?
IVV yields 1.09% while PANG yields 4.07%, so PANG currently pays the higher dividend yield.
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