IVV vs TGRW
iShares Core S&P 500 ETF vs T. Rowe Price Growth Stock ETF
Which is better, IVV or TGRW?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 60.2%.
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 | TGRW |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.52% |
| AUM | $876.4B | $1.0B |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 69 |
| YTD Return | +13.85%Best | +6.34% |
| 1Y Return | +18.57%Best | +8.25% |
| 3Y Return (annualized) | +23.50%Best | +22.10% |
| 5Y Return (annualized) | +13.34%Best | +7.85% |
| Volatility (annualized) | 15.4%Best | 20.0% |
| Max Drawdown | -24.5%Best | -43.3% |
| $10,000 over 5 years | $18,703Best | $14,592 |
| Top 10 Weight | 37.8%Best | 60.2% |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Aug 4, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Aug 5, 2020 to Sep 25, 2026 (6.1 years).
IVV vs TGRW 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 TGRW Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and T. Rowe Price Growth Stock ETF (TGRW) is an ETF from T.Rowe Price. Over the past year IVV returned +18.57% while TGRW returned +8.25%. Year to date, IVV is up 13.85% versus a gain of 6.34% for TGRW.
Over three years, IVV compounded at +23.50% per year against +22.10% for TGRW; over five years the annualized figures are +13.34% and +7.85% respectively. Across the full 6-year window we track, IVV has the edge at +16.22% annualized vs +11.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TGRW has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 15.4% 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 -24.5% for IVV and -43.3% for TGRW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 TGRW charges 0.52%. On a $10,000 position that is $3 vs $52 annually, a gap of $49 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for TGRW.
Holdings Overlap
50.4% of IVV's money is in holdings TGRW also owns. 89.9% of TGRW's money is in holdings IVV also owns.
Most of TGRW is already inside IVV. Owning both mostly buys the same companies twice.
53 positions in common, counted across the 490 positions we hold weights for in IVV and 70 in TGRW, against full books of 508 and 69.
What only one of them owns
Our book lists 10 positions for TGRW that do not appear in our book for IVV (2.7% of the fund), and 429 for IVV that do not appear in TGRW (48.3%).
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 TGRW | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 14.71% | 6.64% |
| GOOGLAlphabet Inc,class A | 3.00% | 12.21% | 9.21% |
| AAPLApple, Inc | 7.02% | 6.44% | 0.58% |
| MSFTMicrosoft Corp | 5.69% | 5.36% | 0.33% |
| AVGOBroadcom Inc | 2.65% | 6.24% | 3.59% |
| AMZNAmazon.Com Inc | 3.84% | 1.65% | 2.19% |
| METAMeta Platforms Inc | 1.90% | 3.30% | 1.40% |
| LLYEli Lilly & Co. | 1.38% | 3.41% | 2.03% |
| AMDAdvanced Micro Devices Inc | 1.16% | 3.47% | 2.31% |
| MUMicron Technology, Inc. | 1.63% | 2.66% | 1.03% |
89.9% of TGRW 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 TGRW?
IVV has an expense ratio of 0.03% while TGRW charges 0.52%. IVV is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, IVV or TGRW?
Over the past year IVV returned +18.57% vs +8.25% for TGRW, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +16.22% vs +11.41% for TGRW. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TGRW?
TGRW has been the more volatile fund at 20.0% annualized versus 15.4% for IVV. Worst drawdown: IVV -24.5% vs TGRW -43.3%.
Should I hold both IVV and TGRW?
IVV and TGRW have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and TGRW?
89.9% of TGRW's money is in holdings IVV also owns. 89.9% of TGRW's is in holdings IVV also owns. They hold 53 positions in common, counted across the 490 positions we hold weights for in IVV and 70 in TGRW.
Which pays a higher dividend, IVV or TGRW?
IVV yields 1.06% while TGRW yields 0.00%, so IVV currently pays the higher dividend yield.
Is TGRW better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 60.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.