IVV vs THRO
iShares Core S&P 500 ETF vs iShares US Thematic Rotation Active ETF
Which is better, IVV or THRO?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. THRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 43.0%.
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 | THRO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.57% |
| AUM | $876.4B | $6.7B |
| Dividend Yield | 1.06% | 0.25% |
| Holdings | 508 | 244 |
| YTD Return | +11.03% | +12.29%Best |
| 1Y Return | +15.62% | +15.74%Best |
| 3Y Return (annualized) | +20.81% | +22.40%Best |
| 5Y Return (annualized) | +12.61% | - |
| Volatility (annualized) | 15.8%Best | 17.6% |
| Max Drawdown | -24.5%Best | -26.5% |
| $10,000 over 4.8 years | $17,399 | $17,949Best |
| Top 10 Weight | 37.8%Best | 43.0% |
| Fund Family | iShares by BlackRock (US) | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Dec 14, 2021 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 16, 2021 to Sep 16, 2026 (4.8 years).
IVV vs THRO 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 4.8 years both funds cover.
IVV vs THRO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares US Thematic Rotation Active ETF (THRO) is an ETF from BlackRock, Inc. (US). Over the past year IVV returned +15.62% while THRO returned +15.74%. Year to date, IVV is up 11.03% versus a gain of 12.29% for THRO.
Over three years, IVV compounded at +20.81% per year against +22.40% for THRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
THRO has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.8% 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 -26.5% for THRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.25% for THRO.
Holdings Overlap
74.1% of IVV's money is in holdings THRO also owns. 95.0% of THRO's money is in holdings IVV also owns.
Most of THRO is already inside IVV. Owning both mostly buys the same companies twice.
167 positions in common, counted across the 490 positions we hold weights for in IVV and 248 in THRO, against full books of 508 and 244.
What only one of them owns
Our book lists 33 positions for THRO that do not appear in our book for IVV (3.9% of the fund), and 315 for IVV that do not appear in THRO (24.6%).
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 THRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 8.26% | 0.19% |
| AAPLApple, Inc | 7.02% | 7.87% | 0.85% |
| MSFTMicrosoft Corp | 5.69% | 6.55% | 0.86% |
| AMZNAmazon.Com Inc | 3.84% | 4.76% | 0.92% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.73% | 0.73% |
| AVGOBroadcom Inc | 2.65% | 2.40% | 0.25% |
| GOOGAlphabet Inc | 2.39% | 1.87% | 0.52% |
| JPMJpmorgan Chase | 1.44% | 2.77% | 1.33% |
| MUMicron Technology, Inc. | 1.63% | 2.23% | 0.60% |
| METAMeta Platforms Inc | 1.90% | 1.41% | 0.49% |
95.0% of THRO 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 THRO?
IVV has an expense ratio of 0.03% while THRO charges 0.57%. IVV is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, IVV or THRO?
Over the past year IVV returned +15.62% vs +15.74% for THRO, so THRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or THRO?
THRO has been the more volatile fund at 17.6% annualized versus 15.8% for IVV. Worst drawdown: IVV -24.5% 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. 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 THRO?
95.0% of THRO's money is in holdings IVV also owns. 95.0% of THRO's is in holdings IVV also owns. They hold 167 positions in common, counted across the 490 positions we hold weights for in IVV and 248 in THRO.
Which pays a higher dividend, IVV or THRO?
IVV yields 1.06% while THRO yields 0.25%, so IVV currently pays the higher dividend yield.
Is THRO better than IVV?
IVV has a lower expense ratio. THRO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 43.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.