IBTF vs IVV
iShares iBonds Dec 2025 Term Treasury ETF vs iShares Core S&P 500 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 | IBTF | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $1.4B | $865.2B | |
| Dividend Yield | 3.85% | 1.09% | |
| Holdings | 6 | 508 | |
| YTD Return | +3.86% | +13.80% | |
| 1Y Return | +4.10% | +23.01% | |
| 3Y Return (annualized) | +3.99% | +21.77% | |
| 5Y Return (annualized) | +0.69% | +13.39% | |
| Volatility (annualized) | 2.7% | 15.1% | |
| Max Drawdown | -20.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 25, 2020 | May 15, 2000 |
IBTF vs IVV Performance
iShares iBonds Dec 2025 Term Treasury ETF (IBTF) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IBTF returned +4.10% while IVV returned +23.01%. Year to date, IBTF is up 3.86% versus a gain of 13.80% for IVV.
Over three years, IBTF compounded at +3.99% per year against +21.77% for IVV; over five years the annualized figures are +0.69% and +13.39% respectively. Across the full 6-year window we track, IVV has the edge at +7.04% annualized vs +1.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.7% for IBTF. 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 -20.8% for IBTF 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 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IBTF charges 0.07% per year while IVV charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, IBTF currently yields 3.85% against 1.09% for IVV.
Holdings Overlap
IBTF and IVV share 1 holdings out of 508 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IBTF | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 38.43% | 0.15% | 38.28% |
Frequently Asked Questions
Which is cheaper, IBTF or IVV?
IBTF has an expense ratio of 0.07% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, IBTF or IVV?
Over the past year IBTF returned +4.10% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IBTF annualized +1.19% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, IBTF or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.7% for IBTF. Worst drawdown: IBTF -20.8% vs IVV -56.5%.
Should I hold both IBTF and IVV?
IBTF and IVV have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IBTF and IVV?
IBTF and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IBTF or IVV?
IBTF yields 3.85% while IVV yields 1.09%, so IBTF currently pays the higher dividend yield.
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