IVV vs TSMZ
iShares Core S&P 500 ETF vs Direxion Daily TSM Bear 1X ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TSMZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.01% | |
| AUM | $907.0B | $3M | |
| Dividend Yield | 1.10% | 4.38% | |
| Holdings | 508 | 7 | |
| YTD Return | +12.71% | -29.98% | |
| 1Y Return | +21.89% | -51.46% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 33.9% | |
| Max Drawdown | -56.5% | -74.0% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 3, 2024 |
IVV vs TSMZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily TSM Bear 1X ETF (TSMZ) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +21.89% while TSMZ returned -51.46%. Year to date, IVV is up 12.71% versus a loss of 29.98% for TSMZ.
Risk: Volatility and Drawdowns
TSMZ has been the more volatile fund, with annualized monthly volatility of 33.9% 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 -74.0% for TSMZ. 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 -0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TSMZ charges 1.01%. On a $10,000 position that is $3 vs $101 annually, a gap of $98 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.38% for TSMZ.
Holdings Overlap
IVV and TSMZ share 0 holdings out of 508 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 TSMZ?
IVV has an expense ratio of 0.03% while TSMZ charges 1.01%. IVV is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, IVV or TSMZ?
Over the past year IVV returned +21.89% vs -51.46% for TSMZ, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs -43.46% for TSMZ. Past performance does not guarantee future results.
Which is riskier, IVV or TSMZ?
TSMZ has been the more volatile fund at 33.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TSMZ -74.0%.
Should I hold both IVV and TSMZ?
IVV and TSMZ have a monthly-return correlation of -0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TSMZ?
IVV and TSMZ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or TSMZ?
IVV yields 1.10% while TSMZ yields 4.38%, so TSMZ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.