BTX vs IVV
BlackRock Technology and Private Equity Term Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. BTX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BTX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.03% | |
| AUM | $1.1B | $865.2B | |
| Dividend Yield | 6.72% | 1.09% | |
| Holdings | 82 | 508 | |
| YTD Return | +34.70% | +13.80% | |
| 1Y Return | +27.15% | +23.70% | |
| 3Y Return (annualized) | +14.15% | +21.49% | |
| 5Y Return (annualized) | -5.76% | +13.43% | |
| Volatility (annualized) | 27.7% | 15.1% | |
| Max Drawdown | -67.3% | -56.5% | |
| Fund Family | BlackRock, Inc. (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2021 | May 15, 2000 |
BTX vs IVV Performance
BlackRock Technology and Private Equity Term Trust (BTX) is a ETF from BlackRock, Inc. (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BTX returned +27.15% while IVV returned +23.70%. Year to date, BTX is up 34.70% versus a gain of 13.80% for IVV.
Over three years, BTX compounded at +14.15% per year against +21.49% for IVV; over five years the annualized figures are -5.76% and +13.43% respectively. Across the full 5-year window we track, IVV has the edge at +7.05% annualized vs -5.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BTX has been the more volatile fund, with annualized monthly volatility of 27.7% 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 -67.3% for BTX and -56.5% for IVV. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BTX charges 1.35% per year while IVV charges 0.03%. On a $10,000 position that is $135 vs $3 annually, a gap of $132 per year that compounds over a long holding period. On income, BTX currently yields 6.72% against 1.09% for IVV.
Holdings Overlap
BTX and IVV share 13 holdings out of 549 unique holdings combined, representing a 12.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BTX or IVV?
BTX has an expense ratio of 1.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, BTX or IVV?
Over the past year BTX returned +27.15% vs +23.70% for IVV, so BTX leads on 1-year performance. Over the longest common window we track (5 years), BTX annualized -5.54% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, BTX or IVV?
BTX has been the more volatile fund at 27.7% annualized versus 15.1% for IVV. Worst drawdown: BTX -67.3% vs IVV -56.5%.
Should I hold both BTX and IVV?
BTX and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTX and IVV?
BTX and IVV share 13 common holdings with a 12.2% weight overlap. Combined, they hold 549 unique securities.
Which pays a higher dividend, BTX or IVV?
BTX yields 6.72% while IVV yields 1.09%, so BTX currently pays the higher dividend yield.
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