IVV vs TOAK
iShares Core S&P 500 ETF vs Twin Oak Short Horizon Absolute Return 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 | TOAK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $907.0B | $93M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 3 | |
| YTD Return | +14.29% | +2.01% | |
| 1Y Return | +21.79% | +3.67% | |
| 3Y Return (annualized) | +22.19% | - | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | 0.4% | |
| Max Drawdown | -56.5% | -1.8% | |
| Fund Family | iShares by BlackRock (US) | Twin Oak | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 19, 2024 |
IVV vs TOAK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Twin Oak Short Horizon Absolute Return ETF (TOAK) is a ETF from Twin Oak. Over the past year IVV returned +21.79% while TOAK returned +3.67%. Year to date, IVV is up 14.29% versus a gain of 2.01% for TOAK.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.4% for TOAK. 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 -1.8% for TOAK. 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TOAK charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for TOAK.
Holdings Overlap
IVV and TOAK 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 TOAK?
IVV has an expense ratio of 0.03% while TOAK charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or TOAK?
Over the past year IVV returned +21.79% vs +3.67% for TOAK, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.06% vs +3.96% for TOAK. Past performance does not guarantee future results.
Which is riskier, IVV or TOAK?
IVV has been the more volatile fund at 15.1% annualized versus 0.4% for TOAK. Worst drawdown: IVV -56.5% vs TOAK -1.8%.
Should I hold both IVV and TOAK?
IVV and TOAK have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TOAK?
IVV and TOAK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or TOAK?
IVV yields 1.10% while TOAK yields 0.00%, so IVV currently pays the higher dividend yield.
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