IVV vs RXL
iShares Core S&P 500 ETF vs ProShares Ultra Health Care
Quick Verdict
IVV has a lower expense ratio. RXL delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RXL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $865.2B | $85M | |
| Dividend Yield | 1.09% | 1.34% | |
| Holdings | 508 | 67 | |
| YTD Return | +13.72% | +13.63% | |
| 1Y Return | +21.64% | +57.53% | |
| 3Y Return (annualized) | +21.55% | +9.65% | |
| 5Y Return (annualized) | +13.27% | +3.58% | |
| Volatility (annualized) | 15.1% | 29.4% | |
| Max Drawdown | -56.5% | -69.0% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 30, 2007 |
IVV vs RXL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Ultra Health Care (RXL) is a ETF from ProShares. Over the past year IVV returned +21.64% while RXL returned +57.53%. Year to date, IVV is up 13.72% versus a gain of 13.63% for RXL.
Over three years, IVV compounded at +21.55% per year against +9.65% for RXL; over five years the annualized figures are +13.27% and +3.58% respectively. Across the full 20-year window we track, RXL has the edge at +14.37% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RXL has been the more volatile fund, with annualized monthly volatility of 29.4% 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 -69.0% for RXL. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RXL charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.34% for RXL.
Holdings Overlap
IVV and RXL share 59 holdings out of 506 unique holdings combined, representing a 8.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or RXL?
IVV has an expense ratio of 0.03% while RXL charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or RXL?
Over the past year IVV returned +21.64% vs +57.53% for RXL, so RXL leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs +14.37% for RXL. Past performance does not guarantee future results.
Which is riskier, IVV or RXL?
RXL has been the more volatile fund at 29.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RXL -69.0%.
Should I hold both IVV and RXL?
IVV and RXL have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RXL?
IVV and RXL share 59 common holdings with a 8.9% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or RXL?
IVV yields 1.09% while RXL yields 1.34%, so RXL currently pays the higher dividend yield.
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