IVV vs WFH
iShares Core S&P 500 ETF vs Direxion Work From Home ETF
Quick Verdict
IVV has a lower expense ratio. WFH delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | WFH | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.45% | |
| AUM | $907.0B | $13M | |
| Dividend Yield | 1.10% | 1.05% | |
| Holdings | 508 | 41 | |
| YTD Return | +12.28% | +15.01% | |
| 1Y Return | +20.94% | +24.89% | |
| 3Y Return (annualized) | +21.81% | +20.91% | |
| 5Y Return (annualized) | +13.05% | +5.89% | |
| Volatility (annualized) | 15.1% | 21.9% | |
| Max Drawdown | -56.5% | -51.2% | |
| Fund Family | iShares by BlackRock (US) | Direxion Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 25, 2020 |
IVV vs WFH Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Work From Home ETF (WFH) is a ETF from Direxion Funds. Over the past year IVV returned +20.94% while WFH returned +24.89%. Year to date, IVV is up 12.28% versus a gain of 15.01% for WFH.
Over three years, IVV compounded at +21.81% per year against +20.91% for WFH; over five years the annualized figures are +13.05% and +5.89% respectively. Across the full 5-year window we track, WFH has the edge at +8.01% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WFH has been the more volatile fund, with annualized monthly volatility of 21.9% 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 -51.2% for WFH. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while WFH charges 0.45%. On a $10,000 position that is $3 vs $45 annually, a gap of $42 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.05% for WFH.
Frequently Asked Questions
Which is cheaper, IVV or WFH?
IVV has an expense ratio of 0.03% while WFH charges 0.45%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, IVV or WFH?
Over the past year IVV returned +20.94% vs +24.89% for WFH, so WFH leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +6.98% vs +8.01% for WFH. Past performance does not guarantee future results.
Which is riskier, IVV or WFH?
WFH has been the more volatile fund at 21.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs WFH -51.2%.
Should I hold both IVV and WFH?
IVV and WFH have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or WFH?
IVV yields 1.10% while WFH yields 1.05%, so IVV currently pays the higher dividend yield.
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