IVV vs TOAO
iShares Core S&P 500 ETF vs Twin Oak Active Opportunities III ETF
Quick Verdict
IVV has a lower expense ratio. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TOAO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $907.0B | $448M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 49 | |
| YTD Return | +12.71% | +7.63% | |
| 1Y Return | +21.89% | - | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | - | |
| Max Drawdown | -56.5% | -4.2% | |
| Fund Family | iShares by BlackRock (US) | Twin Oak | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 24, 2026 |
IVV vs TOAO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Twin Oak Active Opportunities III ETF (TOAO) is a ETF from Twin Oak. Year to date, IVV is up 12.71% versus a gain of 7.63% for TOAO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for IVV and -4.2% for TOAO. 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 TOAO charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for TOAO.
Holdings Overlap
IVV and TOAO share 17 holdings out of 516 unique holdings combined, representing a 25.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TOAO?
IVV has an expense ratio of 0.03% while TOAO charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
What is the holdings overlap between IVV and TOAO?
IVV and TOAO share 17 common holdings with a 25.8% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or TOAO?
IVV yields 1.10% while TOAO yields 0.00%, so IVV currently pays the higher dividend yield.
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