IVV vs TBLU
iShares Core S&P 500 ETF vs Tortoise Global Water Fund
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 | TBLU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $865.2B | $57M | |
| Dividend Yield | 1.09% | 3.44% | |
| Holdings | 508 | 63 | |
| YTD Return | +13.43% | +3.39% | |
| 1Y Return | +22.61% | +0.87% | |
| 3Y Return (annualized) | +21.47% | +10.82% | |
| 5Y Return (annualized) | +13.26% | +3.91% | |
| Volatility (annualized) | 15.1% | 17.2% | |
| Max Drawdown | -56.5% | -37.6% | |
| Fund Family | iShares by BlackRock (US) | Tortoise Capital | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 14, 2017 |
IVV vs TBLU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Tortoise Global Water Fund (TBLU) is a ETF from Tortoise Capital. Over the past year IVV returned +22.61% while TBLU returned +0.87%. Year to date, IVV is up 13.43% versus a gain of 3.39% for TBLU.
Over three years, IVV compounded at +21.47% per year against +10.82% for TBLU; over five years the annualized figures are +13.26% and +3.91% respectively. Across the full 10-year window we track, TBLU has the edge at +9.28% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TBLU has been the more volatile fund, with annualized monthly volatility of 17.2% 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 -37.6% for TBLU. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TBLU charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.44% for TBLU.
Holdings Overlap
IVV and TBLU share 7 holdings out of 559 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TBLU?
IVV has an expense ratio of 0.03% while TBLU charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or TBLU?
Over the past year IVV returned +22.61% vs +0.87% for TBLU, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.03% vs +9.28% for TBLU. Past performance does not guarantee future results.
Which is riskier, IVV or TBLU?
TBLU has been the more volatile fund at 17.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TBLU -37.6%.
Should I hold both IVV and TBLU?
IVV and TBLU have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TBLU?
IVV and TBLU share 7 common holdings with a 0.3% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, IVV or TBLU?
IVV yields 1.09% while TBLU yields 3.44%, so TBLU currently pays the higher dividend yield.
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