IVV vs TMNL
iShares Core S&P 500 ETF vs T. Rowe Price Long Municipal Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TMNL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.26% | |
| AUM | $907.0B | $22M | |
| Dividend Yield | 1.10% | 2.88% | |
| Holdings | 508 | 110 | |
| YTD Return | +12.71% | +1.15% | |
| 1Y Return | +21.89% | - | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -2.9% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Nov 19, 2025 |
IVV vs TMNL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T. Rowe Price Long Municipal Income ETF (TMNL) is a ETF from T.Rowe Price. Year to date, IVV is up 12.71% versus a gain of 1.15% for TMNL.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -2.9% for TMNL. 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 TMNL charges 0.26%. On a $10,000 position that is $3 vs $26 annually, a gap of $23 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.88% for TMNL.
Holdings Overlap
IVV and TMNL share 0 holdings out of 543 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 TMNL?
IVV has an expense ratio of 0.03% while TMNL charges 0.26%. IVV is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
What is the holdings overlap between IVV and TMNL?
IVV and TMNL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, IVV or TMNL?
IVV yields 1.10% while TMNL yields 2.88%, so TMNL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.