HCMT vs IVV
Direxion HCM Tactical Enhanced US ETF vs iShares Core S&P 500 ETF
Which is better, HCMT or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 47.2%.
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 | HCMT | IVV |
|---|---|---|
| Expense Ratio | 1.18% | 0.03%Best |
| AUM | $629M | $896.5B |
| Dividend Yield | 0.47% | 1.10% |
| Holdings | 1,018 | 508 |
| YTD Return | +9.63% | +13.59%Best |
| 1Y Return | +14.08% | +17.54%Best |
| 3Y Return (annualized) | +20.78% | +22.46%Best |
| 5Y Return (annualized) | - | +13.28% |
| Volatility (annualized) | 24.1% | 12.5%Best |
| Max Drawdown | -36.3% | -18.8%Best |
| $10,000 over 3.3 years | $17,267 | $18,352Best |
| Top 10 Weight | 47.2% | 38.9%Best |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 22, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 22, 2023 to Oct 14, 2026 (3.3 years).
HCMT vs IVV 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 covers the 3.3 years both funds cover.
HCMT vs IVV Performance
Direxion HCM Tactical Enhanced US ETF (HCMT) is an ETF from Direxion Shares ETF Trust and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year HCMT returned +14.08% while IVV returned +17.54%. Year to date, HCMT is up 9.63% versus a gain of 13.59% for IVV.
Over three years, HCMT compounded at +20.78% per year against +22.46% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCMT has been the more volatile fund, with annualized monthly volatility of 24.1% compared with 12.5% 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 -36.3% for HCMT and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HCMT charges 1.18% per year while IVV charges 0.03%. On a $10,000 position that is $118 vs $3 annually, a gap of $115 per year that compounds over a long holding period. On income, HCMT currently yields 0.47% against 1.10% for IVV.
Holdings Overlap
75.7% of HCMT's money is in holdings IVV also owns. 93.5% of IVV's money is in holdings HCMT also owns.
Most of IVV is already inside HCMT. Owning both mostly buys the same companies twice.
472 positions in common, counted across the 506 positions we hold weights for in HCMT and 506 in IVV, against full books of 1,018 and 508.
What only one of them owns
Our book lists 29 positions for IVV that do not appear in our book for HCMT (6.0% of the fund), and 11 for HCMT that do not appear in IVV (22.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HCMT | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.26% | 8.44% | 2.18% |
| AAPLApple, Inc | 5.99% | 7.29% | 1.30% |
| MSFTMicrosoft Corp | 4.60% | 5.76% | 1.16% |
| AMZNAmazon.Com Inc | 3.04% | 3.68% | 0.64% |
| GOOGLAlphabet Inc | 2.51% | 3.00% | 0.49% |
| AVGOBroadcom Inc | 2.00% | 2.47% | 0.47% |
| GOOGAlphabet Inc. C | 2.00% | 2.41% | 0.41% |
| MUMicron Technology, Inc. | 1.28% | 1.87% | 0.59% |
| TSLATesla Inc | 1.24% | 1.51% | 0.27% |
| AMDAdvanced Micro Devices Inc | 0.99% | 1.52% | 0.53% |
93.5% of IVV is already inside HCMT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HCMT or IVV?
HCMT has an expense ratio of 1.18% while IVV charges 0.03%. IVV is the cheaper option, by $115 a year on a $10,000 investment.
Which performed better, HCMT or IVV?
Over the past year HCMT returned +14.08% vs +17.54% for IVV, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCMT or IVV?
HCMT has been the more volatile fund at 24.1% annualized versus 12.5% for IVV. Worst drawdown: HCMT -36.3% vs IVV -18.8%.
Should I hold both HCMT and IVV?
HCMT and IVV have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HCMT and IVV?
93.5% of IVV's money is in holdings HCMT also owns. 93.5% of IVV's is in holdings HCMT also owns. They hold 472 positions in common, counted across the 506 positions we hold weights for in HCMT and 506 in IVV.
Which pays a higher dividend, HCMT or IVV?
HCMT yields 0.47% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than HCMT?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 47.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.