Quick Verdict

IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.

Lower Fees: IVVHigher Returns: IVVMore Diversified: IVV

Side-by-Side Comparison

MetricIVVLTTIWinner
Expense Ratio0.03%0.65%
AUM$865.2B$15M
Dividend Yield1.09%9.16%
Holdings5085
YTD Return+13.80%-3.44%
1Y Return+23.70%-2.34%
3Y Return (annualized)+21.49%-
5Y Return (annualized)+13.43%-
Volatility (annualized)15.1%8.0%
Max Drawdown-56.5%-9.0%
Fund FamilyiShares by BlackRock (US)First Trust Portfolios (US)
CategoryEquityAlternative
InceptionMay 15, 2000Feb 12, 2025

IVV vs LTTI Performance

iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and FT Vest 20+ Year Treasury & Target Income ETF (LTTI) is a ETF from First Trust Portfolios (US). Over the past year IVV returned +23.70% while LTTI returned -2.34%. Year to date, IVV is up 13.80% versus a loss of 3.44% for LTTI.

Risk: Volatility and Drawdowns

IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.0% for LTTI. 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 -9.0% for LTTI. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

IVV charges 0.03% per year while LTTI charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 9.16% for LTTI.

Frequently Asked Questions

Which is cheaper, IVV or LTTI?

IVV has an expense ratio of 0.03% while LTTI charges 0.65%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.

Which performed better, IVV or LTTI?

Over the past year IVV returned +23.70% vs -2.34% for LTTI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.05% vs -1.14% for LTTI. Past performance does not guarantee future results.

Which is riskier, IVV or LTTI?

IVV has been the more volatile fund at 15.1% annualized versus 8.0% for LTTI. Worst drawdown: IVV -56.5% vs LTTI -9.0%.

Should I hold both IVV and LTTI?

IVV and LTTI have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, IVV or LTTI?

IVV yields 1.09% while LTTI yields 9.16%, so LTTI currently pays the higher dividend yield.

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