IVV vs TFLO
iShares Core S&P 500 ETF vs iShares Treasury Floating Rate Bond ETF
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 | TFLO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $6.6B | |
| Dividend Yield | 1.09% | 3.89% | |
| Holdings | 508 | 10 | |
| YTD Return | +13.72% | +1.98% | |
| 1Y Return | +21.64% | +3.58% | |
| 3Y Return (annualized) | +21.55% | +4.52% | |
| 5Y Return (annualized) | +13.27% | +3.72% | |
| Volatility (annualized) | 15.1% | 0.7% | |
| Max Drawdown | -56.5% | -5.0% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 4, 2014 |
IVV vs TFLO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Treasury Floating Rate Bond ETF (TFLO) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.64% while TFLO returned +3.58%. Year to date, IVV is up 13.72% versus a gain of 1.98% for TFLO.
Over three years, IVV compounded at +21.55% per year against +4.52% for TFLO; over five years the annualized figures are +13.27% and +3.72% respectively. Across the full 13-year window we track, IVV has the edge at +7.04% annualized vs +1.50%. 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 0.7% for TFLO. 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 -5.0% for TFLO. 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TFLO charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.89% for TFLO.
Holdings Overlap
IVV and TFLO share 0 holdings out of 509 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 TFLO?
IVV has an expense ratio of 0.03% while TFLO charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or TFLO?
Over the past year IVV returned +21.64% vs +3.58% for TFLO, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.04% vs +1.50% for TFLO. Past performance does not guarantee future results.
Which is riskier, IVV or TFLO?
IVV has been the more volatile fund at 15.1% annualized versus 0.7% for TFLO. Worst drawdown: IVV -56.5% vs TFLO -5.0%.
Should I hold both IVV and TFLO?
IVV and TFLO have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TFLO?
IVV and TFLO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or TFLO?
IVV yields 1.09% while TFLO yields 3.89%, so TFLO currently pays the higher dividend yield.
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