IVV vs LMNX
iShares Core S&P 500 ETF vs Defiance Daily Target 2X Long LMND ETF
Which is better, IVV or LMNX?
Large Cap Blend against Trading-Leveraged Equity.
IVV has a lower expense ratio. IVV led over the full window.
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 | LMNX |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.31% |
| AUM | $896.5B | $4M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 18 |
| Volatility (annualized) | 15.1%Best | 50.0% |
| Max Drawdown | -56.5%Best | -94.2% |
| $10,000 over 26.3 years | $59,556Best | $2,930 |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | May 15, 2000 | Oct 15, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 48 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Oct 14, 2026 and LMNX through Aug 27, 2026.
Volatility and max drawdown, and the $10,000 over 26.3 years row, are measured over the window both funds cover: May 19, 2000 to Aug 27, 2026 (26.3 years).
Risk: Volatility and Drawdowns
LMNX has been the more volatile fund, with annualized monthly volatility of 50.0% 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 -94.2% for LMNX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.17. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while LMNX charges 1.31%. On a $10,000 position that is $3 vs $131 annually, a gap of $128 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for LMNX.
Holdings Overlap
We hold position weights for 506 holdings in IVV and 1 in LMNX, totalling 99.9% and 10.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 56 days apart, IVV as of Oct 1, 2026 and LMNX as of Aug 6, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 506 positions we hold weights for in IVV and 1 in LMNX, against full books of 508 and 18.
You are not choosing between two funds in isolation.
Whichever of IVV and LMNX 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 LMNX?
IVV has an expense ratio of 0.03% while LMNX charges 1.31%. IVV is the cheaper option, by $128 a year on a $10,000 investment.
Which is riskier, IVV or LMNX?
LMNX has been the more volatile fund at 50.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs LMNX -94.2%.
Should I hold both IVV and LMNX?
IVV and LMNX have a monthly-return correlation of 0.17, 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 LMNX?
IVV yields 1.10% while LMNX yields 0.00%, so IVV currently pays the higher dividend yield.
Is LMNX better than IVV?
IVV has a lower expense ratio. IVV led over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.