IVV vs LTAX
iShares Core S&P 500 ETF vs Nomura Tax-Free USA ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | LTAX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $6M | |
| Dividend Yield | 1.09% | 1.66% | |
| Holdings | 508 | 79 | |
| YTD Return | +13.72% | +1.45% | |
| 1Y Return | +21.64% | - | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -3.2% | |
| Fund Family | iShares by BlackRock (US) | Nomura Asset Management Co Ltd | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Jan 12, 2026 |
IVV vs LTAX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Nomura Tax-Free USA ETF (LTAX) is a ETF from Nomura Asset Management Co Ltd. Year to date, IVV is up 13.72% versus a gain of 1.45% for LTAX.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -3.2% for LTAX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVV charges 0.03% per year while LTAX charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.66% for LTAX.
Holdings Overlap
IVV and LTAX share 0 holdings out of 542 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LTAX?
IVV has an expense ratio of 0.03% while LTAX charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
What is the holdings overlap between IVV and LTAX?
IVV and LTAX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, IVV or LTAX?
IVV yields 1.09% while LTAX yields 1.66%, so LTAX currently pays the higher dividend yield.
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