IVV vs TBLD
iShares Core S&P 500 ETF vs Thornburg Income Builder Opportunities Trust
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TBLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.65% | |
| AUM | $865.2B | $746M | |
| Dividend Yield | 1.09% | 5.40% | |
| Holdings | 508 | 176 | |
| YTD Return | +13.43% | +14.34% | |
| 1Y Return | +22.61% | +20.38% | |
| 3Y Return (annualized) | +21.47% | +21.70% | |
| 5Y Return (annualized) | +13.26% | +9.75% | |
| Volatility (annualized) | 15.1% | 15.2% | |
| Max Drawdown | -56.5% | -33.6% | |
| Fund Family | iShares by BlackRock (US) | Thornburg Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 27, 2021 |
IVV vs TBLD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Thornburg Income Builder Opportunities Trust (TBLD) is a ETF from Thornburg Investment Management. Over the past year IVV returned +22.61% while TBLD returned +20.38%. Year to date, IVV is up 13.43% versus a gain of 14.34% for TBLD.
Over three years, IVV compounded at +21.47% per year against +21.70% for TBLD; over five years the annualized figures are +13.26% and +9.75% respectively. Across the full 5-year window we track, TBLD has the edge at +9.94% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TBLD has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 15.1% for IVV. 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 -33.6% for TBLD. 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 0.72. 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 1.09% against 5.40% for TBLD.
Holdings Overlap
IVV and TBLD share 15 holdings out of 597 unique holdings combined, representing a 5.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $162 per year of difference.
Which performed better, IVV or TBLD?
Over the past year IVV returned +22.61% vs +20.38% for TBLD, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.03% vs +9.94% for TBLD. Past performance does not guarantee future results.
Which is riskier, IVV or TBLD?
TBLD has been the more volatile fund at 15.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TBLD -33.6%.
Should I hold both IVV and TBLD?
IVV and TBLD have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TBLD?
IVV and TBLD share 15 common holdings with a 5.7% weight overlap. Combined, they hold 597 unique securities.
Which pays a higher dividend, IVV or TBLD?
IVV yields 1.09% while TBLD yields 5.40%, so TBLD currently pays the higher dividend yield.
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