IVV vs TEQI
iShares Core S&P 500 ETF vs T. Rowe Price Equity Income ETF
Which is better, IVV or TEQI?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, TEQI over 1Y. TEQI is less concentrated, with 28.5% of the fund in its ten largest positions against 37.8%.
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 | TEQI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.54% |
| AUM | $876.4B | $471M |
| Dividend Yield | 1.06% | 1.46% |
| Holdings | 508 | 115 |
| YTD Return | +11.03% | +14.76%Best |
| 1Y Return | +15.62% | +21.11%Best |
| 3Y Return (annualized) | +20.81%Best | +16.33% |
| 5Y Return (annualized) | +12.61%Best | +10.66% |
| Volatility (annualized) | 15.5%Tie | 15.5%Tie |
| Max Drawdown | -24.5% | -17.8%Best |
| $10,000 over 5 years | $18,109Best | $16,594 |
| Top 10 Weight | 37.8% | 28.5%Best |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Aug 4, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Aug 5, 2020 to Sep 16, 2026 (6.1 years).
IVV vs TEQI 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 6.1 years both funds cover.
IVV vs TEQI Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and T. Rowe Price Equity Income ETF (TEQI) is an ETF from T.Rowe Price. Over the past year IVV returned +15.62% while TEQI returned +21.11%. Year to date, IVV is up 11.03% versus a gain of 14.76% for TEQI.
Over three years, IVV compounded at +20.81% per year against +16.33% for TEQI; over five years the annualized figures are +12.61% and +10.66% respectively. Across the full 6-year window we track, IVV has the edge at +15.81% annualized vs +14.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV and TEQI have been equally volatile, both at 15.5% annualized.
The deepest peak-to-trough decline in our data was -24.5% for IVV and -17.8% for TEQI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TEQI charges 0.54%. On a $10,000 position that is $3 vs $54 annually, a gap of $51 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.46% for TEQI.
Holdings Overlap
40.6% of IVV's money is in holdings TEQI also owns. 86.4% of TEQI's money is in holdings IVV also owns.
Most of TEQI is already inside IVV. Owning both mostly buys the same companies twice.
92 positions in common, counted across the 490 positions we hold weights for in IVV and 111 in TEQI, against full books of 508 and 115.
What only one of them owns
Our book lists 12 positions for TEQI that do not appear in our book for IVV (5.3% of the fund), and 391 for IVV that do not appear in TEQI (58.2%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TEQI | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.69% | 5.80% | 0.11% |
| AAPLApple, Inc | 7.02% | 4.22% | 2.80% |
| AMZNAmazon.Com Inc | 3.84% | 6.19% | 2.35% |
| JPMJpmorgan Chase | 1.44% | 1.79% | 0.35% |
| GOOGAlphabet Inc | 2.39% | 0.02% | 2.37% |
| METAMeta Platforms Inc | 1.90% | 0.46% | 1.44% |
| METMetlife Inc. | 0.08% | 2.25% | 2.17% |
| XOMExxon Mobil Corp. | 1.01% | 1.26% | 0.25% |
| SCHWSchwab Strategic T | 0.27% | 1.75% | 1.48% |
| SOSouthern Co. | 0.15% | 1.86% | 1.71% |
86.4% of TEQI is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TEQI?
IVV has an expense ratio of 0.03% while TEQI charges 0.54%. IVV is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, IVV or TEQI?
Over the past year IVV returned +15.62% vs +21.11% for TEQI, so TEQI leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.81% vs +14.67% for TEQI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TEQI?
IVV and TEQI have been equally volatile, both at 15.5% annualized. Worst drawdown: IVV -24.5% vs TEQI -17.8%.
Should I hold both IVV and TEQI?
IVV and TEQI have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and TEQI?
86.4% of TEQI's money is in holdings IVV also owns. 86.4% of TEQI's is in holdings IVV also owns. They hold 92 positions in common, counted across the 490 positions we hold weights for in IVV and 111 in TEQI.
Which pays a higher dividend, IVV or TEQI?
IVV yields 1.06% while TEQI yields 1.46%, so TEQI currently pays the higher dividend yield.
Is TEQI better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, TEQI over 1Y. TEQI is less concentrated, with 28.5% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.