IVV vs TYO
iShares Core S&P 500 ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Which is better, IVV or TYO?
Large Cap Blend against Trading-Inverse Debt.
IVV has a lower expense ratio. IVV led over 3Y and the full window, TYO 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 | TYO |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.00% |
| AUM | $876.4B | $11M |
| Dividend Yield | 1.06% | 2.46% |
| Holdings | 508 | 6 |
| YTD Return | +11.03% | +20.36%Best |
| 1Y Return | +15.62% | +25.94%Best |
| 3Y Return (annualized) | +20.81%Best | +6.33% |
| 5Y Return (annualized) | +12.61% | +16.78%Best |
| Volatility (annualized) | 14.4%Best | 19.3% |
| Max Drawdown | -33.9%Best | -90.4% |
| $10,000 over 5 years | $18,109 | $21,719Best |
| 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 16, 2026 (17.4 years).
IVV vs TYO 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 TYO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is an ETF from Direxion Shares ETF Trust. Over the past year IVV returned +15.62% while TYO returned +25.94%. Year to date, IVV is up 11.03% versus a gain of 20.36% for TYO.
Over three years, IVV compounded at +20.81% per year against +6.33% for TYO; over five years the annualized figures are +12.61% and +16.78% respectively. Across the full 17-year window we track, IVV has the edge at +13.75% annualized vs -6.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 14.4% 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 -33.9% for IVV and -90.4% for TYO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.03. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while TYO charges 1.00%. On a $10,000 position that is $3 vs $100 annually, a gap of $97 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.46% for TYO.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 2 in TYO, totalling 99.3% and 92.3% 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 2 in TYO, against full books of 508 and 6.
You are not choosing between two funds in isolation.
Whichever of IVV and TYO 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 TYO?
IVV has an expense ratio of 0.03% while TYO charges 1.00%. IVV is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, IVV or TYO?
Over the past year IVV returned +15.62% vs +25.94% for TYO, so TYO leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +13.75% vs -6.77% for TYO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs TYO -90.4%.
Should I hold both IVV and TYO?
IVV and TYO have a monthly-return correlation of 0.03, 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 TYO?
IVV yields 1.06% while TYO yields 2.46%, so TYO currently pays the higher dividend yield.
Is TYO better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, TYO over 1Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.