IVV vs LTPZ
iShares Core S&P 500 ETF vs PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LTPZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $907.0B | $780M | |
| Dividend Yield | 1.10% | 6.33% | |
| Holdings | 508 | 17 | |
| YTD Return | +14.29% | -3.29% | |
| 1Y Return | +21.79% | -1.66% | |
| 3Y Return (annualized) | +22.19% | -0.23% | |
| 5Y Return (annualized) | +13.28% | -7.22% | |
| Volatility (annualized) | 15.1% | 11.8% | |
| Max Drawdown | -56.5% | -41.0% | |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 3, 2009 |
IVV vs LTPZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and PIMCO 15+ Year US TIPS Index Exchange-Traded Fund (LTPZ) is a ETF from PIMCO (US). Over the past year IVV returned +21.79% while LTPZ returned -1.66%. Year to date, IVV is up 14.29% versus a loss of 3.29% for LTPZ.
Over three years, IVV compounded at +22.19% per year against -0.23% for LTPZ; over five years the annualized figures are +13.28% and -7.22% respectively. Across the full 17-year window we track, IVV has the edge at +7.06% annualized vs +1.31%. 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 11.8% for LTPZ. 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 -56.5% for IVV and -41.0% for LTPZ. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LTPZ charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.33% for LTPZ.
Holdings Overlap
IVV and LTPZ share 0 holdings out of 519 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 LTPZ?
IVV has an expense ratio of 0.03% while LTPZ charges 0.20%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IVV or LTPZ?
Over the past year IVV returned +21.79% vs -1.66% for LTPZ, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.06% vs +1.31% for LTPZ. Past performance does not guarantee future results.
Which is riskier, IVV or LTPZ?
IVV has been the more volatile fund at 15.1% annualized versus 11.8% for LTPZ. Worst drawdown: IVV -56.5% vs LTPZ -41.0%.
Should I hold both IVV and LTPZ?
IVV and LTPZ have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LTPZ?
IVV and LTPZ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, IVV or LTPZ?
IVV yields 1.10% while LTPZ yields 6.33%, so LTPZ currently pays the higher dividend yield.
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