IVV vs TBLD
iShares Core S&P 500 ETF vs Thornburg Income Builder Opportunities Trust
Which is better, IVV or TBLD?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | TBLD |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.65% |
| AUM | $876.4B | $757M |
| Dividend Yield | 1.06% | 5.29% |
| Holdings | 508 | 176 |
| YTD Return | +12.39%Best | +6.42% |
| 1Y Return | +16.61%Best | +10.23% |
| 3Y Return (annualized) | +21.38%Best | +19.05% |
| 5Y Return (annualized) | +13.51%Best | +8.32% |
| Volatility (annualized) | 15.7% | 15.5%Best |
| Max Drawdown | -24.5%Best | -33.6% |
| $10,000 over 5 years | $18,844Best | $14,912 |
| Fund Family | iShares by BlackRock (US) | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Jul 27, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 28, 2021 to Sep 18, 2026 (5.1 years).
IVV vs TBLD 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 covers the 5.1 years both funds cover.
IVV vs TBLD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Thornburg Income Builder Opportunities Trust (TBLD) is an ETF from Thornburg Investment Management. Over the past year IVV returned +16.61% while TBLD returned +10.23%. Year to date, IVV is up 12.39% versus a gain of 6.42% for TBLD.
Over three years, IVV compounded at +21.38% per year against +19.05% for TBLD; over five years the annualized figures are +13.51% and +8.32% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.5% for TBLD. 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 -24.5% for IVV and -33.6% for TBLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TBLD charges 1.65%. On a $10,000 position that is $3 vs $165 annually, a gap of $162 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.29% for TBLD.
Holdings Overlap
At least 11.3% of IVV's money is in holdings TBLD also owns.
Stated as a floor: for TBLD, our book for it covers 81.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and TBLD share little of their money.
The two holdings books were reported 153 days apart, IVV as of Aug 31, 2026 and TBLD as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
15 positions in common, counted across the 490 positions we hold weights for in IVV and 108 in TBLD, against full books of 508 and 176.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TBLD | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.69% | 0.55% | 5.14% |
| TBBAt&t Inc | 0.27% | 3.93% | 3.66% |
| METAMeta Platforms Inc | 1.90% | 1.20% | 0.70% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 1.86% | 1.20% |
| MRKMerck & Company Inc | 0.55% | 1.63% | 1.08% |
| CMECme Group, Cl A | 0.16% | 1.99% | 1.83% |
| PFEPfizer Inc | 0.24% | 1.67% | 1.43% |
| ABBVAbbvie Inc. | 0.68% | 0.75% | 0.07% |
| CCitigroup Inc. | 0.34% | 0.79% | 0.45% |
| RFRegions Financial Corp. | 0.04% | 1.09% | 1.05% |
You are not choosing between two funds in isolation.
Whichever of IVV and TBLD 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 TBLD?
IVV has an expense ratio of 0.03% while TBLD charges 1.65%. IVV is the cheaper option, by $162 a year on a $10,000 investment.
Which performed better, IVV or TBLD?
Over the past year IVV returned +16.61% vs +10.23% for TBLD, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TBLD?
IVV has been the more volatile fund at 15.7% annualized versus 15.5% for TBLD. Worst drawdown: IVV -24.5% vs TBLD -33.6%.
Should I hold both IVV and TBLD?
IVV and TBLD have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and TBLD?
At least 11.3% of IVV's money is in holdings TBLD also owns. Our book for TBLD is partial, so the real figure is this or higher. They hold 15 positions in common, counted across the 490 positions we hold weights for in IVV and 108 in TBLD.
Which pays a higher dividend, IVV or TBLD?
IVV yields 1.06% while TBLD yields 5.29%, so TBLD currently pays the higher dividend yield.
Is TBLD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.