IVV vs TDVG
iShares Core S&P 500 ETF vs T. Rowe Price Dividend Growth ETF
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 | TDVG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $1.4B | |
| Dividend Yield | 1.10% | 0.96% | |
| Holdings | 508 | 96 | |
| YTD Return | +13.22% | +11.83% | |
| 1Y Return | +21.62% | +17.98% | |
| 3Y Return (annualized) | +22.17% | +16.27% | |
| 5Y Return (annualized) | +13.42% | +10.03% | |
| Volatility (annualized) | 15.1% | 13.6% | |
| Max Drawdown | -56.5% | -19.2% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 4, 2020 |
IVV vs TDVG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T. Rowe Price Dividend Growth ETF (TDVG) is a ETF from T.Rowe Price. Over the past year IVV returned +21.62% while TDVG returned +17.98%. Year to date, IVV is up 13.22% versus a gain of 11.83% for TDVG.
Over three years, IVV compounded at +22.17% per year against +16.27% for TDVG; over five years the annualized figures are +13.42% and +10.03% respectively. Across the full 6-year window we track, TDVG has the edge at +13.28% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.6% for TDVG. 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 -19.2% for TDVG. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while TDVG charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.96% for TDVG.
Holdings Overlap
IVV and TDVG share 94 holdings out of 507 unique holdings combined, representing a 36.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TDVG?
IVV has an expense ratio of 0.03% while TDVG charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or TDVG?
Over the past year IVV returned +21.62% vs +17.98% for TDVG, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.02% vs +13.28% for TDVG. Past performance does not guarantee future results.
Which is riskier, IVV or TDVG?
IVV has been the more volatile fund at 15.1% annualized versus 13.6% for TDVG. Worst drawdown: IVV -56.5% vs TDVG -19.2%.
Should I hold both IVV and TDVG?
IVV and TDVG have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and TDVG?
IVV and TDVG share 94 common holdings with a 36.5% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or TDVG?
IVV yields 1.10% while TDVG yields 0.96%, so IVV currently pays the higher dividend yield.
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