IVV vs OTAX
iShares Core S&P 500 ETF vs Optimal Tax Managed Equity ETF
Which is better, IVV or OTAX?
IVV costs less.
IVV has a lower expense ratio. OTAX is less concentrated, with 38.1% of the fund in its ten largest positions against 38.8%.
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 | OTAX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.58% |
| AUM | $850.0B | $72M |
| Dividend Yield | 1.09% | 0.00% |
| Holdings | 1,018 | 448 |
| YTD Return | +12.12%Best | -2.98% |
| 1Y Return | +12.53% | - |
| 3Y Return (annualized) | +21.54% | - |
| 5Y Return (annualized) | +11.93% | - |
| Top 10 Weight | 38.8% | 38.1%Best |
| Fund Family | iShares by BlackRock (US) | Optimal Tax Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Aug 25, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs OTAX 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 OTAX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Optimal Tax Managed Equity ETF (OTAX) is an ETF from Optimal Tax Asset Management, Inc.. Year to date, IVV is up 12.12% versus a loss of 2.98% for OTAX.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while OTAX charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for OTAX.
Holdings Overlap
73.6% of IVV's money is in holdings OTAX also owns. 59.3% of OTAX's money is in holdings IVV also owns.
Most of IVV is already inside OTAX. Owning both mostly buys the same companies twice.
121 positions in common, counted across the 505 positions we hold weights for in IVV and 236 in OTAX, against full books of 1,018 and 448.
What only one of them owns
Our book lists 99 positions for OTAX that do not appear in our book for IVV (35.5% of the fund), and 378 for IVV that do not appear in OTAX (26.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in OTAX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.04% | 5.10% | 2.94% |
| AAPLApple Inc | 7.51% | 4.85% | 2.66% |
| MSFTMicrosoft Corp | 5.95% | 4.10% | 1.85% |
| AMZNAmazon.Com Inc | 3.74% | 2.58% | 1.16% |
| GOOGLAlphabet Inc | 3.06% | 2.05% | 1.01% |
| AVGOBroadcom Inc | 2.47% | 2.03% | 0.44% |
| GOOGAlphabet Inc. C | 2.45% | 1.76% | 0.69% |
| METAMeta Platforms Inc | 2.44% | 1.60% | 0.84% |
| TSLATesla Inc | 1.55% | 1.21% | 0.34% |
| PANWPalo Alto Networks Inc. | 0.46% | 2.30% | 1.84% |
73.6% of IVV is already inside OTAX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or OTAX?
IVV has an expense ratio of 0.03% while OTAX charges 0.58%. IVV is the cheaper option, by $55 a year on a $10,000 investment.
What is the holdings overlap between IVV and OTAX?
73.6% of IVV's money is in holdings OTAX also owns. 59.3% of OTAX's is in holdings IVV also owns. They hold 121 positions in common, counted across the 505 positions we hold weights for in IVV and 236 in OTAX.
Which pays a higher dividend, IVV or OTAX?
IVV yields 1.09% while OTAX yields 0.00%, so IVV currently pays the higher dividend yield.
Is OTAX better than IVV?
IVV has a lower expense ratio. OTAX is less concentrated, with 38.1% of the fund in its ten largest positions against 38.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.