IVV vs TDF
iShares Core S&P 500 ETF vs Templeton Dragon Fund
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 | TDF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.33% | |
| AUM | $907.0B | $5,054.4 | |
| Dividend Yield | 1.10% | 3.61% | |
| Holdings | 508 | 68 | |
| YTD Return | +12.96% | -4.56% | |
| 1Y Return | +20.70% | +6.31% | |
| 3Y Return (annualized) | +22.10% | +10.25% | |
| 5Y Return (annualized) | +13.40% | -5.95% | |
| Volatility (annualized) | 15.1% | 26.9% | |
| Max Drawdown | -56.5% | -75.1% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 8, 1994 |
IVV vs TDF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Templeton Dragon Fund (TDF) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +20.70% while TDF returned +6.31%. Year to date, IVV is up 12.96% versus a loss of 4.56% for TDF.
Over three years, IVV compounded at +22.10% per year against +10.25% for TDF; over five years the annualized figures are +13.40% and -5.95% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +0.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TDF has been the more volatile fund, with annualized monthly volatility of 26.9% 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 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 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
IVV and TDF share 0 holdings out of 567 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 TDF?
IVV has an expense ratio of 0.03% while TDF charges 1.33%. IVV is the cheaper option. On a $10,000 investment, that is $130 per year of difference.
Which performed better, IVV or TDF?
Over the past year IVV returned +20.70% vs +6.31% for TDF, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.01% vs +0.29% for TDF. Past performance does not guarantee future results.
Which is riskier, IVV or TDF?
TDF has been the more volatile fund at 26.9% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TDF?
IVV and TDF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 567 unique securities.
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.
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