IVV vs RVNL
iShares Core S&P 500 ETF vs GraniteShares 2x Long RIVN 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 | RVNL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.15% | |
| AUM | $907.0B | $11M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 2 | |
| YTD Return | +12.71% | -48.73% | |
| 1Y Return | +21.89% | +4.63% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 77.6% | |
| Max Drawdown | -56.5% | -72.9% | |
| Fund Family | iShares by BlackRock (US) | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 21, 2025 |
IVV vs RVNL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and GraniteShares 2x Long RIVN Daily ETF (RVNL) is a ETF from GraniteShares. Over the past year IVV returned +21.89% while RVNL returned +4.63%. Year to date, IVV is up 12.71% versus a loss of 48.73% for RVNL.
Risk: Volatility and Drawdowns
RVNL has been the more volatile fund, with annualized monthly volatility of 77.6% 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 -72.9% for RVNL. 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while RVNL charges 1.15%. On a $10,000 position that is $3 vs $115 annually, a gap of $112 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for RVNL.
Holdings Overlap
IVV and RVNL 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 RVNL?
IVV has an expense ratio of 0.03% while RVNL charges 1.15%. IVV is the cheaper option. On a $10,000 investment, that is $112 per year of difference.
Which performed better, IVV or RVNL?
Over the past year IVV returned +21.89% vs +4.63% for RVNL, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs +5.81% for RVNL. Past performance does not guarantee future results.
Which is riskier, IVV or RVNL?
RVNL has been the more volatile fund at 77.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RVNL -72.9%.
Should I hold both IVV and RVNL?
IVV and RVNL have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RVNL?
IVV and RVNL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or RVNL?
IVV yields 1.10% while RVNL yields 0.00%, so IVV currently pays the higher dividend yield.
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