IVV vs SOXS
iShares Core S&P 500 ETF vs Direxion Daily Semiconductor Bear 3X 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 | SOXS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.00% | |
| AUM | $865.2B | $1.7B | |
| Dividend Yield | 1.09% | 131.11% | |
| Holdings | 508 | 12 | |
| YTD Return | +14.50% | -92.57% | |
| 1Y Return | +22.02% | -96.77% | |
| 3Y Return (annualized) | +21.80% | -86.88% | |
| 5Y Return (annualized) | +13.37% | -79.83% | |
| Volatility (annualized) | 15.1% | 73.0% | |
| Max Drawdown | -56.5% | -100.0% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Mar 11, 2010 |
IVV vs SOXS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily Semiconductor Bear 3X ETF (SOXS) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +22.02% while SOXS returned -96.77%. Year to date, IVV is up 14.50% versus a loss of 92.57% for SOXS.
Over three years, IVV compounded at +21.80% per year against -86.88% for SOXS; over five years the annualized figures are +13.37% and -79.83% respectively. Across the full 16-year window we track, IVV has the edge at +7.07% annualized vs -71.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SOXS has been the more volatile fund, with annualized monthly volatility of 73.0% 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 -100.0% for SOXS. 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 -0.71. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SOXS charges 1.00%. On a $10,000 position that is $3 vs $100 annually, a gap of $97 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 131.11% for SOXS.
Holdings Overlap
IVV and SOXS share 0 holdings out of 509 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 SOXS?
IVV has an expense ratio of 0.03% while SOXS charges 1.00%. IVV is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, IVV or SOXS?
Over the past year IVV returned +22.02% vs -96.77% for SOXS, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.07% vs -71.24% for SOXS. Past performance does not guarantee future results.
Which is riskier, IVV or SOXS?
SOXS has been the more volatile fund at 73.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SOXS -100.0%.
Should I hold both IVV and SOXS?
IVV and SOXS have a monthly-return correlation of -0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SOXS?
IVV and SOXS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or SOXS?
IVV yields 1.09% while SOXS yields 131.11%, so SOXS currently pays the higher dividend yield.
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