IVV vs TLTD
iShares Core S&P 500 ETF vs FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
Quick Verdict
IVV has a lower expense ratio. TLTD delivered stronger 1-year returns. TLTD offers more diversification with 2,387 holdings.
Side-by-Side Comparison
| Metric | IVV | TLTD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $661M | |
| Dividend Yield | 1.09% | 3.41% | |
| Holdings | 508 | 2,387 | |
| YTD Return | +14.50% | +13.64% | |
| 1Y Return | +22.02% | +25.04% | |
| 3Y Return (annualized) | +21.80% | +21.38% | |
| 5Y Return (annualized) | +13.37% | +10.81% | |
| Volatility (annualized) | 15.1% | 15.1% | |
| Max Drawdown | -56.5% | -44.6% | |
| Fund Family | iShares by BlackRock (US) | Flexshares Trust | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 25, 2012 |
IVV vs TLTD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) is a ETF from Flexshares Trust. Over the past year IVV returned +22.02% while TLTD returned +25.04%. Year to date, IVV is up 14.50% versus a gain of 13.64% for TLTD.
Over three years, IVV compounded at +21.80% per year against +21.38% for TLTD; over five years the annualized figures are +13.37% and +10.81% respectively. Across the full 14-year window we track, IVV has the edge at +7.07% annualized vs +7.00%. 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 15.1% for TLTD. 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 -44.6% for TLTD. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TLTD charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.41% for TLTD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or TLTD?
IVV has an expense ratio of 0.03% while TLTD charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or TLTD?
Over the past year IVV returned +22.02% vs +25.04% for TLTD, so TLTD leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +7.07% vs +7.00% for TLTD. Past performance does not guarantee future results.
Which is riskier, IVV or TLTD?
IVV has been the more volatile fund at 15.1% annualized versus 15.1% for TLTD. Worst drawdown: IVV -56.5% vs TLTD -44.6%.
Should I hold both IVV and TLTD?
IVV and TLTD have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TLTD?
IVV and TLTD share 2 common holdings with a 0.1% weight overlap. Combined, they hold 2820 unique securities.
Which pays a higher dividend, IVV or TLTD?
IVV yields 1.09% while TLTD yields 3.41%, so TLTD currently pays the higher dividend yield.
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