IVV vs TSMX
iShares Core S&P 500 ETF vs Direxion Daily TSM Bull 2X ETF
Which is better, IVV or TSMX?
Large Cap Blend against Trading-Leveraged Equity.
IVV has a lower expense ratio. TSMX led over 1Y and the full window.
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 | TSMX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.99% |
| AUM | $876.4B | $559M |
| Dividend Yield | 1.06% | 5.49% |
| Holdings | 508 | 9 |
| YTD Return | +14.15% | +60.17%Best |
| 1Y Return | +17.31% | +106.58%Best |
| 3Y Return (annualized) | +23.17% | - |
| 5Y Return (annualized) | +13.85% | - |
| Volatility (annualized) | 12.7%Best | 71.2% |
| Max Drawdown | -18.8%Best | -63.8% |
| $10,000 over 2 years | $14,035 | $37,582Best |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | May 15, 2000 | Oct 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 3, 2024 to Sep 21, 2026 (2 years).
IVV vs TSMX 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 2 years both funds cover.
IVV vs TSMX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Direxion Daily TSM Bull 2X ETF (TSMX) is an ETF from Direxion Shares ETF Trust. Over the past year IVV returned +17.31% while TSMX returned +106.58%. Year to date, IVV is up 14.15% versus a gain of 60.17% for TSMX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSMX has been the more volatile fund, with annualized monthly volatility of 71.2% compared with 12.7% 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 -18.8% for IVV and -63.8% for TSMX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while TSMX charges 0.99%. On a $10,000 position that is $3 vs $99 annually, a gap of $96 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.49% for TSMX.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 4 in TSMX, totalling 99.3% and 100.4% 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 490 positions we hold weights for in IVV and 4 in TSMX, against full books of 508 and 9.
You are not choosing between two funds in isolation.
Whichever of IVV and TSMX 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 TSMX?
IVV has an expense ratio of 0.03% while TSMX charges 0.99%. IVV is the cheaper option, by $96 a year on a $10,000 investment.
Which performed better, IVV or TSMX?
Over the past year IVV returned +17.31% vs +106.58% for TSMX, so TSMX leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +18.47% vs +93.86% for TSMX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TSMX?
TSMX has been the more volatile fund at 71.2% annualized versus 12.7% for IVV. Worst drawdown: IVV -18.8% vs TSMX -63.8%.
Should I hold both IVV and TSMX?
IVV and TSMX have a monthly-return correlation of 0.54, 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 TSMX?
IVV yields 1.06% while TSMX yields 5.49%, so TSMX currently pays the higher dividend yield.
Is TSMX better than IVV?
IVV has a lower expense ratio. TSMX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.