IVV vs TECL
iShares Core S&P 500 ETF vs Direxion Daily Technology Bull 3X ETF
Which is better, IVV or TECL?
Large Cap Blend against Trading-Leveraged Equity.
IVV has a lower expense ratio. TECL led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 62.3%.
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 | TECL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.87% |
| AUM | $876.4B | $5.7B |
| Dividend Yield | 1.06% | 4.11% |
| Holdings | 508 | 87 |
| YTD Return | +12.39% | +79.26%Best |
| 1Y Return | +16.61% | +92.70%Best |
| 3Y Return (annualized) | +21.38% | +68.16%Best |
| 5Y Return (annualized) | +13.51% | +30.55%Best |
| Volatility (annualized) | 14.1%Best | 59.8% |
| Max Drawdown | -33.9%Best | -78.0% |
| $10,000 over 5 years | $18,844 | $37,921Best |
| Top 10 Weight | 37.8%Best | 62.3% |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | May 15, 2000 | Dec 17, 2008 |
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2012 to Sep 18, 2026 (14.2 years).
IVV vs TECL 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs TECL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Direxion Daily Technology Bull 3X ETF (TECL) is an ETF from Direxion Shares ETF Trust. Over the past year IVV returned +16.61% while TECL returned +92.70%. Year to date, IVV is up 12.39% versus a gain of 79.26% for TECL.
Over three years, IVV compounded at +21.38% per year against +68.16% for TECL; over five years the annualized figures are +13.51% and +30.55% respectively. Across the full 14-year window we track, TECL has the edge at +44.60% annualized vs +13.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TECL has been the more volatile fund, with annualized monthly volatility of 59.8% compared with 14.1% 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 -33.9% for IVV and -78.0% for TECL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TECL charges 0.87%. On a $10,000 position that is $3 vs $87 annually, a gap of $84 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 4.11% for TECL.
Holdings Overlap
37.6% of IVV's money is in holdings TECL also owns. 70.6% of TECL's money is in holdings IVV also owns.
Most of TECL is already inside IVV. Owning both mostly buys the same companies twice.
72 positions in common, counted across the 490 positions we hold weights for in IVV and 76 in TECL, against full books of 508 and 87.
What only one of them owns
Our book lists 4 positions for TECL that do not appear in our book for IVV (25.1% of the fund), and 410 for IVV that do not appear in TECL (61.0%).
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 TECL | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 10.23% | 2.16% |
| AAPLApple, Inc | 7.02% | 9.27% | 2.25% |
| MSFTMicrosoft Corp | 5.69% | 7.23% | 1.54% |
| AVGOBroadcom Inc | 2.65% | 3.40% | 0.75% |
| MUMicron Technology, Inc. | 1.63% | 2.81% | 1.18% |
| AMDAdvanced Micro Devices Inc | 1.16% | 2.77% | 1.61% |
| INTCIntel Corporation | 0.67% | 2.08% | 1.41% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 2.06% | 1.40% |
| PLTRPalantir Technologies Inc | 0.65% | 1.96% | 1.31% |
| LRCXLam Research Corp | 0.57% | 1.72% | 1.15% |
70.6% of TECL is already inside IVV.
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 TECL?
IVV has an expense ratio of 0.03% while TECL charges 0.87%. IVV is the cheaper option, by $84 a year on a $10,000 investment.
Which performed better, IVV or TECL?
Over the past year IVV returned +16.61% vs +92.70% for TECL, so TECL leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.50% vs +44.60% for TECL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TECL?
TECL has been the more volatile fund at 59.8% annualized versus 14.1% for IVV. Worst drawdown: IVV -33.9% vs TECL -78.0%.
Should I hold both IVV and TECL?
IVV and TECL have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and TECL?
70.6% of TECL's money is in holdings IVV also owns. 70.6% of TECL's is in holdings IVV also owns. They hold 72 positions in common, counted across the 490 positions we hold weights for in IVV and 76 in TECL.
Which pays a higher dividend, IVV or TECL?
IVV yields 1.06% while TECL yields 4.11%, so TECL currently pays the higher dividend yield.
Is TECL better than IVV?
IVV has a lower expense ratio. TECL led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 62.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.