IVV vs TLTI
iShares Core S&P 500 ETF vs NEOS Enhanced Income 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 | TLTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.58% | |
| AUM | $907.0B | $17M | |
| Dividend Yield | 1.10% | 6.40% | |
| Holdings | 508 | 8 | |
| YTD Return | +12.71% | -5.90% | |
| 1Y Return | +21.89% | -3.55% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 9.2% | |
| Max Drawdown | -56.5% | -10.6% | |
| Fund Family | iShares by BlackRock (US) | NEOS | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Dec 12, 2024 |
IVV vs TLTI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) is a ETF from NEOS. Over the past year IVV returned +21.89% while TLTI returned -3.55%. Year to date, IVV is up 12.71% versus a loss of 5.90% for TLTI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.2% for TLTI. 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 -10.6% for TLTI. 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TLTI charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.40% for TLTI.
Holdings Overlap
IVV and TLTI share 0 holdings out of 506 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 TLTI?
IVV has an expense ratio of 0.03% while TLTI charges 0.58%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, IVV or TLTI?
Over the past year IVV returned +21.89% vs -3.55% for TLTI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs -4.14% for TLTI. Past performance does not guarantee future results.
Which is riskier, IVV or TLTI?
IVV has been the more volatile fund at 15.1% annualized versus 9.2% for TLTI. Worst drawdown: IVV -56.5% vs TLTI -10.6%.
Should I hold both IVV and TLTI?
IVV and TLTI have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TLTI?
IVV and TLTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or TLTI?
IVV yields 1.10% while TLTI yields 6.40%, so TLTI currently pays the higher dividend yield.
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