IVV vs SPUU
iShares Core S&P 500 ETF vs Direxion Daily S&P 500 Bull 2X ETF
Which is better, IVV or SPUU?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. SPUU led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 41.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | SPUU |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.60% |
| AUM | $876.4B | $284M |
| Dividend Yield | 1.06% | 1.28% |
| Holdings | 508 | 510 |
| YTD Return | +12.51% | +20.71%Best |
| 1Y Return | +17.57% | +29.02%Best |
| 3Y Return (annualized) | +21.27% | +35.53%Best |
| 5Y Return (annualized) | +12.95% | +17.83%Best |
| Volatility (annualized) | 14.8%Best | 30.3% |
| Max Drawdown | -33.9%Best | -59.4% |
| $10,000 over 5 years | $18,384 | $22,713Best |
| Top 10 Weight | 37.9%Best | 41.4% |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | May 28, 2014 |
Volatility and max drawdown are measured over the window both funds cover: May 28, 2014 to Sep 11, 2026 (12.3 years).
IVV vs SPUU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.3 years both funds cover.
IVV vs SPUU Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Direxion Daily S&P 500 Bull 2X ETF (SPUU) is an ETF from Direxion Shares ETF Trust. Over the past year IVV returned +17.57% while SPUU returned +29.02%. Year to date, IVV is up 12.51% versus a gain of 20.71% for SPUU.
Over three years, IVV compounded at +21.27% per year against +35.53% for SPUU; over five years the annualized figures are +12.95% and +17.83% respectively. Across the full 12-year window we track, SPUU has the edge at +18.45% annualized vs +12.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPUU has been the more volatile fund, with annualized monthly volatility of 30.3% compared with 14.8% 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 -33.9% for IVV and -59.4% for SPUU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while SPUU charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.28% for SPUU.
Holdings Overlap
97.8% of IVV's money is in holdings SPUU also owns. 87.4% of SPUU's money is in holdings IVV also owns.
Most of IVV is already inside SPUU. Owning both mostly buys the same companies twice.
497 positions in common, counted across the 505 positions we hold weights for in IVV and 507 in SPUU, against full books of 508 and 510.
What only one of them owns
Our book lists 7 positions for SPUU that do not appear in our book for IVV (10.5% of the fund), and 3 for IVV that do not appear in SPUU (1.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPUU | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 6.89% | 1.09% |
| AAPLApple, Inc | 6.86% | 6.10% | 0.76% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 4.91% | 0.53% |
| AMZNAmazon.Com Inc | 4.01% | 3.64% | 0.37% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 2.97% | 0.22% |
| AVGOBroadcom Inc | 2.98% | 2.66% | 0.32% |
| GOOGAlphabet Inc | 2.56% | 2.38% | 0.18% |
| METAMeta Platforms, Inc. | 1.94% | 1.73% | 0.21% |
| MUMicron Technology, Inc. | 1.51% | 1.35% | 0.16% |
| JPMJpmorgan Chase & Co. | 1.45% | 1.28% | 0.17% |
97.8% of IVV is already inside SPUU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPUU?
IVV has an expense ratio of 0.03% while SPUU charges 0.60%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IVV or SPUU?
Over the past year IVV returned +17.57% vs +29.02% for SPUU, so SPUU leads on 1-year performance. Over the longest common window we track (12 years), IVV annualized +12.61% vs +18.45% for SPUU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPUU?
SPUU has been the more volatile fund at 30.3% annualized versus 14.8% for IVV. Worst drawdown: IVV -33.9% vs SPUU -59.4%.
Should I hold both IVV and SPUU?
IVV and SPUU have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and SPUU?
97.8% of IVV's money is in holdings SPUU also owns. 87.4% of SPUU's is in holdings IVV also owns. They hold 497 positions in common, counted across the 505 positions we hold weights for in IVV and 507 in SPUU.
Which pays a higher dividend, IVV or SPUU?
IVV yields 1.06% while SPUU yields 1.28%, so SPUU currently pays the higher dividend yield.
Is SPUU better than IVV?
IVV has a lower expense ratio. SPUU led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 41.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.