IVV vs TLTP
iShares Core S&P 500 ETF vs Amplify TLT US Treasury 12% Option Income 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 | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $907.0B | $25M | |
| Dividend Yield | 1.10% | 15.05% | |
| Holdings | 508 | 5 | |
| YTD Return | +12.28% | -8.87% | |
| 1Y Return | +20.94% | -7.14% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 8.7% | |
| Max Drawdown | -56.5% | -13.3% | |
| Fund Family | iShares by BlackRock (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Oct 29, 2024 |
IVV vs TLTP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year IVV returned +20.94% while TLTP returned -7.14%. Year to date, IVV is up 12.28% versus a loss of 8.87% for TLTP.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.7% for TLTP. 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 -13.3% for TLTP. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TLTP 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 1.10% against 15.05% for TLTP.
Holdings Overlap
IVV and TLTP share 0 holdings out of 508 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 TLTP?
IVV has an expense ratio of 0.03% while TLTP 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 TLTP?
Over the past year IVV returned +20.94% vs -7.14% for TLTP, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs -5.01% for TLTP. Past performance does not guarantee future results.
Which is riskier, IVV or TLTP?
IVV has been the more volatile fund at 15.1% annualized versus 8.7% for TLTP. Worst drawdown: IVV -56.5% vs TLTP -13.3%.
Should I hold both IVV and TLTP?
IVV and TLTP have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TLTP?
IVV and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or TLTP?
IVV yields 1.10% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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