IVV vs TOPT
iShares Core S&P 500 ETF vs iShares Top 20 US Stocks ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TOPT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $865.2B | $658M | |
| Dividend Yield | 1.09% | 0.38% | |
| Holdings | 508 | 25 | |
| YTD Return | +13.72% | +8.84% | |
| 1Y Return | +21.64% | +16.70% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 15.8% | |
| Max Drawdown | -56.5% | -21.2% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 23, 2024 |
IVV vs TOPT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Top 20 US Stocks ETF (TOPT) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.64% while TOPT returned +16.70%. Year to date, IVV is up 13.72% versus a gain of 8.84% for TOPT.
Risk: Volatility and Drawdowns
TOPT has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -21.2% for TOPT. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while TOPT charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.38% for TOPT.
Holdings Overlap
IVV and TOPT share 21 holdings out of 506 unique holdings combined, representing a 47.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TOPT?
IVV has an expense ratio of 0.03% while TOPT charges 0.20%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IVV or TOPT?
Over the past year IVV returned +21.64% vs +16.70% for TOPT, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +19.11% for TOPT. Past performance does not guarantee future results.
Which is riskier, IVV or TOPT?
TOPT has been the more volatile fund at 15.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TOPT -21.2%.
Should I hold both IVV and TOPT?
IVV and TOPT have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and TOPT?
IVV and TOPT share 21 common holdings with a 47.5% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or TOPT?
IVV yields 1.09% while TOPT yields 0.38%, so IVV currently pays the higher dividend yield.
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