IVV vs LTAX
iShares Core S&P 500 ETF vs Nomura Tax-Free USA ETF
Which is better, IVV or LTAX?
Large Cap Blend against Municipal Bond.
IVV has a lower expense ratio.
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 | LTAX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.39% |
| AUM | $876.4B | $6M |
| Dividend Yield | 1.06% | 2.37% |
| Holdings | 508 | 85 |
| YTD Return | +12.39%Best | -1.77% |
| 1Y Return | +16.61% | - |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Fund Family | iShares by BlackRock (US) | Nomura Asset Management Co Ltd |
| Category | Equity | Tax Preferred |
| Style | Large Cap Blend | Municipal Bond |
| Inception | May 15, 2000 | Jan 12, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
IVV vs LTAX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs LTAX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Nomura Tax-Free USA ETF (LTAX) is an ETF from Nomura Asset Management Co Ltd. Year to date, IVV is up 12.39% versus a loss of 1.77% for LTAX.
Past performance does not guarantee future results.
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 1.06% against 2.37% for LTAX.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 37 in LTAX, totalling 99.3% and 46.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 37 in LTAX, against full books of 508 and 85.
You are not choosing between two funds in isolation.
Whichever of IVV and LTAX 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 LTAX?
IVV has an expense ratio of 0.03% while LTAX charges 0.39%. IVV is the cheaper option, by $36 a year on a $10,000 investment.
Which pays a higher dividend, IVV or LTAX?
IVV yields 1.06% while LTAX yields 2.37%, so LTAX currently pays the higher dividend yield.
Is LTAX better than IVV?
IVV has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.