IVV vs TLH
iShares Core S&P 500 ETF vs iShares 10-20 Year Treasury Bond 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 | TLH | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $11.1B | |
| Dividend Yield | 1.09% | 4.44% | |
| Holdings | 508 | 61 | |
| YTD Return | +14.50% | -2.15% | |
| 1Y Return | +22.02% | -0.29% | |
| 3Y Return (annualized) | +21.80% | +1.64% | |
| 5Y Return (annualized) | +13.37% | -5.16% | |
| Volatility (annualized) | 15.1% | 9.9% | |
| Max Drawdown | -56.5% | -42.1% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jan 5, 2007 |
IVV vs TLH Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares 10-20 Year Treasury Bond ETF (TLH) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +22.02% while TLH returned -0.29%. Year to date, IVV is up 14.50% versus a loss of 2.15% for TLH.
Over three years, IVV compounded at +21.80% per year against +1.64% for TLH; over five years the annualized figures are +13.37% and -5.16% respectively. Across the full 20-year window we track, IVV has the edge at +7.07% annualized vs +0.77%. 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 9.9% for TLH. 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 -42.1% for TLH. 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TLH 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 4.44% for TLH.
Holdings Overlap
IVV and TLH share 1 holdings out of 561 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TLH | Difference |
|---|---|---|---|
| XTSLA | 0.15% | 0.17% | 0.02% |
Frequently Asked Questions
Which is cheaper, IVV or TLH?
IVV has an expense ratio of 0.03% while TLH 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 TLH?
Over the past year IVV returned +22.02% vs -0.29% for TLH, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.07% vs +0.77% for TLH. Past performance does not guarantee future results.
Which is riskier, IVV or TLH?
IVV has been the more volatile fund at 15.1% annualized versus 9.9% for TLH. Worst drawdown: IVV -56.5% vs TLH -42.1%.
Should I hold both IVV and TLH?
IVV and TLH have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TLH?
IVV and TLH share 1 common holdings with a 0.1% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, IVV or TLH?
IVV yields 1.09% while TLH yields 4.44%, so TLH currently pays the higher dividend yield.
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