IVV vs TOGA
iShares Core S&P 500 ETF vs Tremblant Global 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 | TOGA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.69% | |
| AUM | $907.0B | $184M | |
| Dividend Yield | 1.10% | 0.00% | |
| Holdings | 508 | 29 | |
| YTD Return | +12.28% | -8.58% | |
| 1Y Return | +20.94% | -9.02% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 17.8% | |
| Max Drawdown | -56.5% | -28.5% | |
| Fund Family | iShares by BlackRock (US) | Tremblant Advisors LP | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 1, 2022 |
IVV vs TOGA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Tremblant Global ETF (TOGA) is a ETF from Tremblant Advisors LP. Over the past year IVV returned +20.94% while TOGA returned -9.02%. Year to date, IVV is up 12.28% versus a loss of 8.58% for TOGA.
Risk: Volatility and Drawdowns
TOGA has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 15.1% 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 -56.5% for IVV and -28.5% for TOGA. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TOGA charges 0.69%. On a $10,000 position that is $3 vs $69 annually, a gap of $66 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.00% for TOGA.
Holdings Overlap
IVV and TOGA share 8 holdings out of 527 unique holdings combined, representing a 3.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TOGA?
IVV has an expense ratio of 0.03% while TOGA charges 0.69%. IVV is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, IVV or TOGA?
Over the past year IVV returned +20.94% vs -9.02% for TOGA, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +9.11% for TOGA. Past performance does not guarantee future results.
Which is riskier, IVV or TOGA?
TOGA has been the more volatile fund at 17.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TOGA -28.5%.
Should I hold both IVV and TOGA?
IVV and TOGA have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TOGA?
IVV and TOGA share 8 common holdings with a 3.7% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, IVV or TOGA?
IVV yields 1.10% while TOGA yields 0.00%, so IVV currently pays the higher dividend yield.
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