IVV vs TLTE
iShares Core S&P 500 ETF vs FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
Quick Verdict
IVV has a lower expense ratio. TLTE delivered stronger 1-year returns. TLTE offers more diversification with 2960 holdings.
Side-by-Side Comparison
| Metric | IVV | TLTE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.57% | |
| AUM | $865.2B | $341M | |
| Dividend Yield | 1.09% | 3.24% | |
| Holdings | 508 | 3,106 | |
| YTD Return | +13.43% | +16.39% | |
| 1Y Return | +22.61% | +30.84% | |
| 3Y Return (annualized) | +21.47% | +19.76% | |
| 5Y Return (annualized) | +13.26% | +7.89% | |
| Volatility (annualized) | 15.1% | 16.6% | |
| Max Drawdown | -56.5% | -47.6% | |
| Fund Family | iShares by BlackRock (US) | Flexshares Trust | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 25, 2012 |
IVV vs TLTE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) is a ETF from Flexshares Trust. Over the past year IVV returned +22.61% while TLTE returned +30.84%. Year to date, IVV is up 13.43% versus a gain of 16.39% for TLTE.
Over three years, IVV compounded at +21.47% per year against +19.76% for TLTE; over five years the annualized figures are +13.26% and +7.89% respectively. Across the full 14-year window we track, IVV has the edge at +7.03% annualized vs +4.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TLTE has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -47.6% for TLTE. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TLTE 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 3.24% for TLTE.
Holdings Overlap
IVV and TLTE share 0 holdings out of 3465 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TLTE?
IVV has an expense ratio of 0.03% while TLTE 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 TLTE?
Over the past year IVV returned +22.61% vs +30.84% for TLTE, so TLTE leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +7.03% vs +4.39% for TLTE. Past performance does not guarantee future results.
Which is riskier, IVV or TLTE?
TLTE has been the more volatile fund at 16.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TLTE -47.6%.
Should I hold both IVV and TLTE?
IVV and TLTE have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TLTE?
IVV and TLTE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3465 unique securities.
Which pays a higher dividend, IVV or TLTE?
IVV yields 1.09% while TLTE yields 3.24%, so TLTE currently pays the higher dividend yield.
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