IVV vs SLNZ
iShares Core S&P 500 ETF vs TCW Senior Loan ETF
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 | SLNZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.65% | |
| AUM | $907.0B | - | |
| Dividend Yield | 1.10% | 7.47% | |
| Holdings | 508 | 296 | |
| YTD Return | +12.71% | +2.85% | |
| 1Y Return | +21.89% | +4.98% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 1.9% | |
| Max Drawdown | -56.5% | -2.6% | |
| Fund Family | iShares by BlackRock (US) | TCW ETFs | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jun 28, 2013 |
IVV vs SLNZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and TCW Senior Loan ETF (SLNZ) is a ETF from TCW ETFs. Over the past year IVV returned +21.89% while SLNZ returned +4.98%. Year to date, IVV is up 12.71% versus a gain of 2.85% for SLNZ.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.9% for SLNZ. 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 -2.6% for SLNZ. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SLNZ 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 1.10% against 7.47% for SLNZ.
Holdings Overlap
IVV and SLNZ share 0 holdings out of 633 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 SLNZ?
IVV has an expense ratio of 0.03% while SLNZ 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 SLNZ?
Over the past year IVV returned +21.89% vs +4.98% for SLNZ, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +5.15% for SLNZ. Past performance does not guarantee future results.
Which is riskier, IVV or SLNZ?
IVV has been the more volatile fund at 15.1% annualized versus 1.9% for SLNZ. Worst drawdown: IVV -56.5% vs SLNZ -2.6%.
Should I hold both IVV and SLNZ?
IVV and SLNZ have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SLNZ?
IVV and SLNZ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 633 unique securities.
Which pays a higher dividend, IVV or SLNZ?
IVV yields 1.10% while SLNZ yields 7.47%, so SLNZ currently pays the higher dividend yield.
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