IVV vs TDF
iShares Core S&P 500 ETF vs Templeton Dragon Fund
Which is better, IVV or TDF?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 45.6%.
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 | TDF |
|---|---|---|
| Expense Ratio | 0.03%Best | 1.33% |
| AUM | $886.7B | $5,054.4 |
| Dividend Yield | 1.10% | 3.61% |
| Holdings | 508 | 68 |
| YTD Return | +13.39%Best | -6.40% |
| 1Y Return | +20.08%Best | +0.22% |
| 3Y Return (annualized) | +21.29%Best | +8.18% |
| 5Y Return (annualized) | +12.88%Best | -7.86% |
| Volatility (annualized) | 15.1%Best | 25.0% |
| Max Drawdown | -56.5%Best | -75.1% |
| $10,000 over 5 years | $18,327Best | $6,641 |
| Top 10 Weight | 37.9%Best | 45.6% |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Sep 8, 1994 |
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 4, 2026 (26.3 years).
IVV vs TDF 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 26.3 years both funds cover.
IVV vs TDF Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Templeton Dragon Fund (TDF) is an ETF from Franklin Templeton Investments (US). Over the past year IVV returned +20.08% while TDF returned +0.22%. Year to date, IVV is up 13.39% versus a loss of 6.40% for TDF.
Over three years, IVV compounded at +21.29% per year against +8.18% for TDF; over five years the annualized figures are +12.88% and -7.86% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +2.47%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TDF has been the more volatile fund, with annualized monthly volatility of 25.0% 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 -75.1% for TDF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while TDF charges 1.33%. On a $10,000 position that is $3 vs $133 annually, a gap of $130 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.61% for TDF.
Holdings Overlap
We hold position weights for 504 holdings in IVV and 62 in TDF, totalling 100.0% and 95.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 187 days apart, IVV as of Aug 5, 2026 and TDF as of Jan 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 504 positions we hold weights for in IVV and 62 in TDF, against full books of 508 and 68.
What only one of them owns
Our book lists 7 positions for TDF that do not appear in our book for IVV (13.9% of the fund), and 493 for IVV that do not appear in TDF (99.2%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and TDF 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 TDF?
IVV has an expense ratio of 0.03% while TDF charges 1.33%. IVV is the cheaper option, by $130 a year on a $10,000 investment.
Which performed better, IVV or TDF?
Over the past year IVV returned +20.08% vs +0.22% for TDF, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.01% vs +2.47% for TDF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TDF?
TDF has been the more volatile fund at 25.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TDF -75.1%.
Should I hold both IVV and TDF?
IVV and TDF have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or TDF?
IVV yields 1.10% while TDF yields 3.61%, so TDF currently pays the higher dividend yield.
Is TDF better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 45.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.