IVV vs TMV
iShares Core S&P 500 ETF vs Direxion Daily 20+ Year Treasury Bear 3X ETF
Which is better, IVV or TMV?
Large Cap Blend against Trading-Inverse Debt.
IVV has a lower expense ratio. IVV led over 3Y and the full window, TMV over 1Y and 5Y.
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 | TMV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.97% |
| AUM | $876.4B | $203M |
| Dividend Yield | 1.06% | 2.28% |
| Holdings | 508 | 9 |
| YTD Return | +12.51% | +21.53%Best |
| 1Y Return | +17.57% | +34.94%Best |
| 3Y Return (annualized) | +21.27%Best | +10.04% |
| 5Y Return (annualized) | +12.95% | +28.91%Best |
| Volatility (annualized) | 14.4%Best | 40.0% |
| Max Drawdown | -33.9% | - |
| $10,000 over 5 years | $18,384 | $35,599Best |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Inverse Debt |
| Inception | May 15, 2000 | Apr 16, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 16, 2009 to Sep 11, 2026 (17.4 years).
IVV vs TMV 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 TMV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) is an ETF from Direxion Shares ETF Trust. Over the past year IVV returned +17.57% while TMV returned +34.94%. Year to date, IVV is up 12.51% versus a gain of 21.53% for TMV.
Over three years, IVV compounded at +21.27% per year against +10.04% for TMV; over five years the annualized figures are +12.95% and +28.91% respectively. Across the full 17-year window we track, IVV has the edge at +13.85% annualized vs -14.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMV has been the more volatile fund, with annualized monthly volatility of 40.0% compared with 14.4% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.07. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while TMV charges 0.97%. On a $10,000 position that is $3 vs $97 annually, a gap of $94 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.28% for TMV.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 3 in TMV, totalling 100.0% and 102.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 3 in TMV, against full books of 508 and 9.
You are not choosing between two funds in isolation.
Whichever of IVV and TMV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TMV?
IVV has an expense ratio of 0.03% while TMV charges 0.97%. IVV is the cheaper option, by $94 a year on a $10,000 investment.
Which performed better, IVV or TMV?
Over the past year IVV returned +17.57% vs +34.94% for TMV, so TMV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +13.85% vs -14.53% for TMV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TMV?
TMV has been the more volatile fund at 40.0% annualized versus 14.4% for IVV.
Should I hold both IVV and TMV?
IVV and TMV have a monthly-return correlation of 0.07, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or TMV?
IVV yields 1.06% while TMV yields 2.28%, so TMV currently pays the higher dividend yield.
Is TMV better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, TMV over 1Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.