GDFN vs IVV
Tema International Defense Innovation ETF vs iShares Core S&P 500 ETF
Which is better, GDFN or IVV?
Mid Cap Growth against Large Cap Blend.
IVV has a lower expense ratio. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 44.0%.
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 | GDFN | IVV |
|---|---|---|
| Expense Ratio | 0.68% | 0.03%Best |
| AUM | $1M | $882.6B |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 32 | 508 |
| Top 10 Weight | 44.0% | 38.1%Best |
| Fund Family | Tema Global Limited | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Sep 25, 2025 | May 15, 2000 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
The two price series end 186 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. GDFN has data through Mar 30, 2026 and IVV through Oct 2, 2026.
Fees and Cost Over Time
GDFN charges 0.68% per year while IVV charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, GDFN currently yields 0.00% against 1.06% for IVV.
Holdings Overlap
10.4% of GDFN's money is in holdings IVV also owns. 1.7% of IVV's money is in holdings GDFN also owns.
GDFN and IVV share little of their money.
The two holdings books were reported 254 days apart, GDFN as of Dec 31, 2025 and IVV as of Sep 11, 2026, so some of the difference between them is the time between the two reports rather than the funds.
7 positions in common, counted across the 31 positions we hold weights for in GDFN and 505 in IVV, against full books of 32 and 508.
What only one of them owns
Our book lists 490 positions for IVV that do not appear in our book for GDFN (97.5% of the fund), and 4 for GDFN that do not appear in IVV (13.2%).
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 GDFN | Weight in IVV | Difference |
|---|---|---|---|
| PLTRPalantir Technologies Inc | 2.40% | 0.58% | 1.82% |
| RTXRaytheon Co. | 1.41% | 0.40% | 1.01% |
| LMTLockheed Martin Corp | 1.62% | 0.16% | 1.46% |
| LHXL3Harris Technologies Inc. | 1.55% | 0.07% | 1.48% |
| BABoeing Co | 1.12% | 0.25% | 0.87% |
| GDGeneral Dynamics Corp. | 1.17% | 0.14% | 1.03% |
| NOCNorthrop Grumman Corp. | 1.16% | 0.10% | 1.06% |
You are not choosing between two funds in isolation.
Whichever of GDFN and IVV 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, GDFN or IVV?
GDFN has an expense ratio of 0.68% while IVV charges 0.03%. IVV is the cheaper option, by $65 a year on a $10,000 investment.
What is the holdings overlap between GDFN and IVV?
10.4% of GDFN's money is in holdings IVV also owns. 1.7% of IVV's is in holdings GDFN also owns. They hold 7 positions in common, counted across the 31 positions we hold weights for in GDFN and 505 in IVV.
Which pays a higher dividend, GDFN or IVV?
GDFN yields 0.00% while IVV yields 1.06%, so IVV currently pays the higher dividend yield.
Is IVV better than GDFN?
IVV has a lower expense ratio. IVV is less concentrated, with 38.1% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.