IVV vs TMLP
iShares Core S&P 500 ETF vs Tortoise MLP ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TMLP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $45M | |
| Dividend Yield | 1.10% | 3.65% | |
| Holdings | 508 | 3 | |
| YTD Return | +13.25% | +25.13% | |
| 1Y Return | +19.95% | - | |
| 3Y Return (annualized) | +21.26% | - | |
| 5Y Return (annualized) | +12.82% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -8.6% | |
| Fund Family | iShares by BlackRock (US) | Tortoise Capital | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Dec 23, 2025 |
IVV vs TMLP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Tortoise MLP ETF (TMLP) is a ETF from Tortoise Capital. Year to date, IVV is up 13.25% versus a gain of 25.13% for TMLP.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -8.6% for TMLP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVV charges 0.03% per year while TMLP charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.65% for TMLP.
Holdings Overlap
IVV and TMLP share 0 holdings out of 507 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 TMLP?
IVV has an expense ratio of 0.03% while TMLP charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
What is the holdings overlap between IVV and TMLP?
IVV and TMLP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or TMLP?
IVV yields 1.10% while TMLP yields 3.65%, so TMLP currently pays the higher dividend yield.
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