IVV vs TSMG
iShares Core S&P 500 ETF vs Leverage Shares 2X Long TSM Daily ETF
Quick Verdict
IVV has a lower expense ratio. TSMG delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TSMG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.76% | |
| AUM | $865.2B | $30M | |
| Dividend Yield | 1.09% | 5.36% | |
| Holdings | 508 | 5 | |
| YTD Return | +13.72% | +50.11% | |
| 1Y Return | +21.64% | +139.38% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 77.7% | |
| Max Drawdown | -56.5% | -63.7% | |
| Fund Family | iShares by BlackRock (US) | Leverage Shares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 14, 2025 |
IVV vs TSMG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Leverage Shares 2X Long TSM Daily ETF (TSMG) is a ETF from Leverage Shares. Over the past year IVV returned +21.64% while TSMG returned +139.38%. Year to date, IVV is up 13.72% versus a gain of 50.11% for TSMG.
Risk: Volatility and Drawdowns
TSMG has been the more volatile fund, with annualized monthly volatility of 77.7% 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 -63.7% for TSMG. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TSMG charges 0.76%. On a $10,000 position that is $3 vs $76 annually, a gap of $73 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.36% for TSMG.
Holdings Overlap
IVV and TSMG 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 TSMG?
IVV has an expense ratio of 0.03% while TSMG charges 0.76%. IVV is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, IVV or TSMG?
Over the past year IVV returned +21.64% vs +139.38% for TSMG, so TSMG leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +98.09% for TSMG. Past performance does not guarantee future results.
Which is riskier, IVV or TSMG?
TSMG has been the more volatile fund at 77.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TSMG -63.7%.
Should I hold both IVV and TSMG?
IVV and TSMG have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TSMG?
IVV and TSMG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or TSMG?
IVV yields 1.09% while TSMG yields 5.36%, so TSMG currently pays the higher dividend yield.
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