IVV vs SOUX
iShares Core S&P 500 ETF vs Defiance Daily Target 2X Long SOUN ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SOUX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.29% | |
| AUM | $865.2B | $9M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 11 | |
| YTD Return | +13.43% | -72.27% | |
| 1Y Return | +22.61% | -91.58% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 122.7% | |
| Max Drawdown | -56.5% | -96.5% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jun 23, 2025 |
IVV vs SOUX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Daily Target 2X Long SOUN ETF (SOUX) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +22.61% while SOUX returned -91.58%. Year to date, IVV is up 13.43% versus a loss of 72.27% for SOUX.
Risk: Volatility and Drawdowns
SOUX has been the more volatile fund, with annualized monthly volatility of 122.7% 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 -96.5% for SOUX. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SOUX charges 1.29%. On a $10,000 position that is $3 vs $129 annually, a gap of $126 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for SOUX.
Holdings Overlap
IVV and SOUX 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 SOUX?
IVV has an expense ratio of 0.03% while SOUX charges 1.29%. IVV is the cheaper option. On a $10,000 investment, that is $126 per year of difference.
Which performed better, IVV or SOUX?
Over the past year IVV returned +22.61% vs -91.58% for SOUX, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.03% vs -77.23% for SOUX. Past performance does not guarantee future results.
Which is riskier, IVV or SOUX?
SOUX has been the more volatile fund at 122.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SOUX -96.5%.
Should I hold both IVV and SOUX?
IVV and SOUX have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SOUX?
IVV and SOUX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SOUX?
IVV yields 1.09% while SOUX yields 0.00%, so IVV currently pays the higher dividend yield.
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