IVV vs TPAY
iShares Core S&P 500 ETF vs Roundhill S&P 500 Target 10 Managed Distribution 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 | TPAY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $865.2B | $2M | |
| Dividend Yield | 1.09% | 3.15% | |
| Holdings | 508 | 0 | |
| YTD Return | +13.80% | +8.18% | |
| 1Y Return | +23.01% | +8.18% | |
| 3Y Return (annualized) | +21.77% | - | |
| 5Y Return (annualized) | +13.39% | +3.17% | |
| Volatility (annualized) | 15.1% | 56.5% | |
| Max Drawdown | -56.5% | -49.6% | |
| Fund Family | iShares by BlackRock (US) | Roundhill Investments | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Feb 18, 2026 |
IVV vs TPAY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) is a ETF from Roundhill Investments. Over the past year IVV returned +23.01% while TPAY returned +8.18%. Year to date, IVV is up 13.80% versus a gain of 8.18% for TPAY.
Risk: Volatility and Drawdowns
TPAY has been the more volatile fund, with annualized monthly volatility of 56.5% 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 -49.6% for TPAY. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TPAY charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.15% for TPAY.
Frequently Asked Questions
Which is cheaper, IVV or TPAY?
IVV has an expense ratio of 0.03% while TPAY charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or TPAY?
Over the past year IVV returned +23.01% vs +8.18% for TPAY, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +7.04% vs +11.31% for TPAY. Past performance does not guarantee future results.
Which is riskier, IVV or TPAY?
TPAY has been the more volatile fund at 56.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TPAY -49.6%.
Should I hold both IVV and TPAY?
IVV and TPAY have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IVV or TPAY?
IVV yields 1.09% while TPAY yields 3.15%, so TPAY currently pays the higher dividend yield.
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