IVV vs TYD
IVV vs TYD
iShares Core S&P 500 ETF vs Direxion Daily 7-10 Year Treasury Bull 3X ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TYD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.07% | |
| AUM | $865.2B | $32M | |
| Dividend Yield | 1.09% | 3.25% | |
| Holdings | 508 | 8 | |
| YTD Return | +13.13% | -8.94% | |
| 1Y Return | +22.90% | -7.75% | |
| 3Y Return (annualized) | +21.08% | -3.66% | |
| 5Y Return (annualized) | +13.27% | -14.64% | |
| Volatility (annualized) | 15.1% | 20.0% | |
| Max Drawdown | -56.5% | -67.5% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Apr 16, 2009 |
IVV vs TYD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Direxion Daily 7-10 Year Treasury Bull 3X ETF (TYD) is a ETF from Direxion Shares ETF Trust. Over the past year IVV returned +22.90% while TYD returned -7.75%. Year to date, IVV is up 13.13% versus a loss of 8.94% for TYD.
Over three years, IVV compounded at +21.08% per year against -3.66% for TYD; over five years the annualized figures are +13.27% and -14.64% respectively. Across the full 17-year window we track, IVV has the edge at +7.02% annualized vs -0.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYD has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -67.5% for TYD. 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TYD charges 1.07%. On a $10,000 position that is $3 vs $107 annually, a gap of $104 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.25% for TYD.
Holdings Overlap
IVV and TYD 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 TYD?
IVV has an expense ratio of 0.03% while TYD charges 1.07%. IVV is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, IVV or TYD?
Over the past year IVV returned +22.90% vs -7.75% for TYD, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.02% vs -0.98% for TYD. Past performance does not guarantee future results.
Which is riskier, IVV or TYD?
TYD has been the more volatile fund at 20.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TYD -67.5%.
Should I hold both IVV and TYD?
IVV and TYD have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TYD?
IVV and TYD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or TYD?
IVV yields 1.09% while TYD yields 3.25%, so TYD currently pays the higher dividend yield.
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