IVV vs TSMX
iShares Core S&P 500 ETF vs Direxion Daily TSM Bull 2X ETF
Quick Verdict
IVV has a lower expense ratio. TSMX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TSMX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.99% | |
| AUM | $865.2B | $587M | |
| Dividend Yield | 1.09% | 3.95% | |
| Holdings | 508 | 10 | |
| YTD Return | +13.43% | +46.91% | |
| 1Y Return | +22.61% | +136.46% | |
| 3Y Return (annualized) | +21.47% | - | |
| 5Y Return (annualized) | +13.26% | - | |
| Volatility (annualized) | 15.1% | 72.7% | |
| Max Drawdown | -56.5% | -63.8% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 3, 2024 |
IVV vs TSMX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily TSM Bull 2X ETF (TSMX) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +22.61% while TSMX returned +136.46%. Year to date, IVV is up 13.43% versus a gain of 46.91% for TSMX.
Risk: Volatility and Drawdowns
TSMX has been the more volatile fund, with annualized monthly volatility of 72.7% 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 -63.8% for TSMX. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 3.95% for TSMX.
Holdings Overlap
IVV and TSMX share 0 holdings out of 509 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 TSMX?
IVV has an expense ratio of 0.03% while TSMX charges 0.99%. IVV is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, IVV or TSMX?
Over the past year IVV returned +22.61% vs +136.46% for TSMX, so TSMX leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +92.59% for TSMX. Past performance does not guarantee future results.
Which is riskier, IVV or TSMX?
TSMX has been the more volatile fund at 72.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TSMX -63.8%.
Should I hold both IVV and TSMX?
IVV and TSMX have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TSMX?
IVV and TSMX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or TSMX?
IVV yields 1.09% while TSMX yields 3.95%, so TSMX currently pays the higher dividend yield.
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