IVV vs THRO
iShares Core S&P 500 ETF vs iShares US Thematic Rotation Active 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 | THRO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.57% | |
| AUM | $865.2B | $6.4B | |
| Dividend Yield | 1.09% | 0.25% | |
| Holdings | 508 | 245 | |
| YTD Return | +13.72% | +14.67% | |
| 1Y Return | +21.64% | +20.54% | |
| 3Y Return (annualized) | +21.55% | +22.91% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 17.8% | |
| Max Drawdown | -56.5% | -26.5% | |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 14, 2021 |
IVV vs THRO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares US Thematic Rotation Active ETF (THRO) is a ETF from BlackRock, Inc. (US). Over the past year IVV returned +21.64% while THRO returned +20.54%. Year to date, IVV is up 13.72% versus a gain of 14.67% for THRO.
Over three years, IVV compounded at +21.55% per year against +22.91% for THRO. Across the full 5-year window we track, THRO has the edge at +13.76% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THRO has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 15.1% 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 -56.5% for IVV and -26.5% for THRO. 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 0.98. 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 THRO charges 0.57%. On a $10,000 position that is $3 vs $57 annually, a gap of $54 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.25% for THRO.
Holdings Overlap
IVV and THRO share 164 holdings out of 582 unique holdings combined, representing a 59.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or THRO?
IVV has an expense ratio of 0.03% while THRO charges 0.57%. IVV is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, IVV or THRO?
Over the past year IVV returned +21.64% vs +20.54% for THRO, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.04% vs +13.76% for THRO. Past performance does not guarantee future results.
Which is riskier, IVV or THRO?
THRO has been the more volatile fund at 17.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs THRO -26.5%.
Should I hold both IVV and THRO?
IVV and THRO have a monthly-return correlation of 0.98, 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 THRO?
IVV and THRO share 164 common holdings with a 59.6% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, IVV or THRO?
IVV yields 1.09% while THRO yields 0.25%, so IVV currently pays the higher dividend yield.
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