IVV vs TMET
iShares Core S&P 500 ETF vs iShares Transition-Enabling Metals ETF
Which is better, IVV or TMET?
Large Cap Blend against Commodities.
IVV has a lower expense ratio. TMET led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | TMET |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.48% |
| AUM | $876.4B | $13M |
| Dividend Yield | 1.06% | 12.93% |
| Holdings | 508 | 20 |
| Volatility (annualized) | 12.9%Best | 22.4% |
| Max Drawdown | -18.8%Best | -22.2% |
| $10,000 over 2.7 years | $18,357 | $25,132Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Commodity |
| Style | Large Cap Blend | Commodities |
| Inception | May 15, 2000 | Sep 26, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 105 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 10, 2026 and TMET through May 28, 2026.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Sep 28, 2023 to May 28, 2026 (2.7 years).
Risk: Volatility and Drawdowns
TMET has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 12.9% 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 -18.8% for IVV and -22.2% for TMET. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.09. They move largely independently of each other.
Fees and Cost Over Time
IVV charges 0.03% per year while TMET charges 0.48%. On a $10,000 position that is $3 vs $48 annually, a gap of $45 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 12.93% for TMET.
Holdings Overlap
At least 0.2% of IVV's money is in holdings TMET also owns.
Stated as a floor: for TMET, our book for it covers 69.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 217 days apart, IVV as of Aug 5, 2026 and TMET as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 2 in TMET, against full books of 508 and 20.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TMET | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.18% | 65.60% | 65.42% |
You are not choosing between two funds in isolation.
Whichever of IVV and TMET you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TMET?
IVV has an expense ratio of 0.03% while TMET charges 0.48%. IVV is the cheaper option, by $45 a year on a $10,000 investment.
Which is riskier, IVV or TMET?
TMET has been the more volatile fund at 22.4% annualized versus 12.9% for IVV. Worst drawdown: IVV -18.8% vs TMET -22.2%.
Should I hold both IVV and TMET?
IVV and TMET have a monthly-return correlation of -0.09, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or TMET?
IVV yields 1.06% while TMET yields 12.93%, so TMET currently pays the higher dividend yield.
Is TMET better than IVV?
IVV has a lower expense ratio. TMET led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.