IVV vs TOLL
iShares Core S&P 500 ETF vs Tema Durable Quality 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 | TOLL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.55% | |
| AUM | $907.0B | $59M | |
| Dividend Yield | 1.10% | 0.26% | |
| Holdings | 508 | 37 | |
| YTD Return | +12.71% | +11.61% | |
| 1Y Return | +21.89% | +16.58% | |
| 3Y Return (annualized) | +22.08% | +16.86% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 15.5% | |
| Max Drawdown | -56.5% | -15.5% | |
| Fund Family | iShares by BlackRock (US) | Tema Global Limited | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 11, 2023 |
IVV vs TOLL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Tema Durable Quality ETF (TOLL) is a ETF from Tema Global Limited. Over the past year IVV returned +21.89% while TOLL returned +16.58%. Year to date, IVV is up 12.71% versus a gain of 11.61% for TOLL.
Over three years, IVV compounded at +22.08% per year against +16.86% for TOLL. Across the full 3-year window we track, TOLL has the edge at +15.02% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TOLL has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -15.5% for TOLL. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TOLL charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.26% for TOLL.
Holdings Overlap
IVV and TOLL share 25 holdings out of 515 unique holdings combined, representing a 9.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TOLL?
IVV has an expense ratio of 0.03% while TOLL charges 0.55%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, IVV or TOLL?
Over the past year IVV returned +21.89% vs +16.58% for TOLL, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.00% vs +15.02% for TOLL. Past performance does not guarantee future results.
Which is riskier, IVV or TOLL?
TOLL has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TOLL -15.5%.
Should I hold both IVV and TOLL?
IVV and TOLL have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TOLL?
IVV and TOLL share 25 common holdings with a 9.2% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or TOLL?
IVV yields 1.10% while TOLL yields 0.26%, so IVV currently pays the higher dividend yield.
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