IVV vs TFNS
iShares Core S&P 500 ETF vs T. Rowe Price Financials 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 | TFNS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.44% | |
| AUM | $907.0B | $20M | |
| Dividend Yield | 1.10% | 0.46% | |
| Holdings | 508 | 347 | |
| YTD Return | +12.71% | +7.17% | |
| 1Y Return | +21.89% | +14.19% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 11.9% | |
| Max Drawdown | -56.5% | -14.0% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 11, 2025 |
IVV vs TFNS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T. Rowe Price Financials ETF (TFNS) is a ETF from T.Rowe Price. Over the past year IVV returned +21.89% while TFNS returned +14.19%. Year to date, IVV is up 12.71% versus a gain of 7.17% for TFNS.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.9% for TFNS. 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 -14.0% for TFNS. 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TFNS charges 0.44%. On a $10,000 position that is $3 vs $44 annually, a gap of $41 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.46% for TFNS.
Holdings Overlap
IVV and TFNS share 49 holdings out of 539 unique holdings combined, representing a 10.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TFNS?
IVV has an expense ratio of 0.03% while TFNS charges 0.44%. IVV is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, IVV or TFNS?
Over the past year IVV returned +21.89% vs +14.19% for TFNS, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs +15.47% for TFNS. Past performance does not guarantee future results.
Which is riskier, IVV or TFNS?
IVV has been the more volatile fund at 15.1% annualized versus 11.9% for TFNS. Worst drawdown: IVV -56.5% vs TFNS -14.0%.
Should I hold both IVV and TFNS?
IVV and TFNS have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TFNS?
IVV and TFNS share 49 common holdings with a 10.7% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, IVV or TFNS?
IVV yields 1.10% while TFNS yields 0.46%, so IVV currently pays the higher dividend yield.
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