IVV vs SPCL
iShares Core S&P 500 ETF vs Defiance Daily 2X Space 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 | SPCL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.31% | |
| AUM | $865.2B | $15M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 1 | |
| YTD Return | +13.43% | -2.27% | |
| 1Y Return | +22.61% | -2.27% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 5914283.1% | |
| Max Drawdown | -56.5% | -100.0% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 7, 2026 |
IVV vs SPCL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance Daily 2X Space ETF (SPCL) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +22.61% while SPCL returned -2.27%. Year to date, IVV is up 13.43% versus a loss of 2.27% for SPCL.
Risk: Volatility and Drawdowns
SPCL has been the more volatile fund, with annualized monthly volatility of 5914283.1% 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 SPCL. 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPCL charges 1.31%. On a $10,000 position that is $3 vs $131 annually, a gap of $128 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for SPCL.
Holdings Overlap
IVV and SPCL 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 SPCL?
IVV has an expense ratio of 0.03% while SPCL charges 1.31%. IVV is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, IVV or SPCL?
Over the past year IVV returned +22.61% vs -2.27% for SPCL, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.03% vs +35.85% for SPCL. Past performance does not guarantee future results.
Which is riskier, IVV or SPCL?
SPCL has been the more volatile fund at 5914283.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPCL -100.0%.
Should I hold both IVV and SPCL?
IVV and SPCL have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPCL?
IVV and SPCL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SPCL?
IVV yields 1.09% while SPCL yields 0.00%, so IVV currently pays the higher dividend yield.
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