IVV vs PYPG
iShares Core S&P 500 ETF vs Leverage Shares 2X Long PYPL Daily 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 | PYPG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.77% | |
| AUM | $907.0B | $22M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 5 | |
| YTD Return | +12.71% | -10.48% | |
| 1Y Return | +21.89% | -39.01% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 82.4% | |
| Max Drawdown | -56.5% | -79.5% | |
| Fund Family | iShares by BlackRock (US) | Leverage Shares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 4, 2025 |
IVV vs PYPG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Leverage Shares 2X Long PYPL Daily ETF (PYPG) is a ETF from Leverage Shares. Over the past year IVV returned +21.89% while PYPG returned -39.01%. Year to date, IVV is up 12.71% versus a loss of 10.48% for PYPG.
Risk: Volatility and Drawdowns
PYPG has been the more volatile fund, with annualized monthly volatility of 82.4% 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 -79.5% for PYPG. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PYPG charges 0.77%. On a $10,000 position that is $3 vs $77 annually, a gap of $74 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for PYPG.
Holdings Overlap
IVV and PYPG 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 PYPG?
IVV has an expense ratio of 0.03% while PYPG charges 0.77%. IVV is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, IVV or PYPG?
Over the past year IVV returned +21.89% vs -39.01% for PYPG, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs -19.58% for PYPG. Past performance does not guarantee future results.
Which is riskier, IVV or PYPG?
PYPG has been the more volatile fund at 82.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PYPG -79.5%.
Should I hold both IVV and PYPG?
IVV and PYPG have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PYPG?
IVV and PYPG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or PYPG?
IVV yields 1.10% while PYPG yields 0.00%, so IVV currently pays the higher dividend yield.
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