IVV vs TPYP
iShares Core S&P 500 ETF vs Tortoise North American Pipeline ETF
Which is better, IVV or TPYP?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over the full window, TPYP over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 62.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | TPYP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.40% |
| AUM | $876.4B | $898M |
| Dividend Yield | 1.06% | 3.15% |
| Holdings | 508 | 45 |
| Volatility (annualized) | 15.5%Best | 21.8% |
| Max Drawdown | -33.9%Best | -52.0% |
| $10,000 over 9.9 years | $29,222Best | $21,860 |
| Top 10 Weight | 37.8%Best | 62.0% |
| Fund Family | iShares by BlackRock (US) | TortoiseEcofin Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Jun 29, 2015 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 508 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 29, 2026 and TPYP through May 9, 2025.
Volatility and max drawdown, and the $10,000 over 9.9 years row, are measured over the window both funds cover: Jun 30, 2015 to May 9, 2025 (9.9 years).
Risk: Volatility and Drawdowns
TPYP has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 15.5% 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 -33.9% for IVV and -52.0% for TPYP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TPYP charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.15% for TPYP.
Holdings Overlap
0.5% of IVV's money is in holdings TPYP also owns. 36.2% of TPYP's money is in holdings IVV also owns.
The two portfolios partly overlap.
6 positions in common, counted across the 490 positions we hold weights for in IVV and 44 in TPYP, against full books of 508 and 45.
What only one of them owns
Our book lists 31 positions for TPYP that do not appear in our book for IVV (44.7% of the fund), and 476 for IVV that do not appear in TPYP (98.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
36.2% of TPYP is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TPYP?
IVV has an expense ratio of 0.03% while TPYP charges 0.40%. IVV is the cheaper option, by $37 a year on a $10,000 investment.
Which is riskier, IVV or TPYP?
TPYP has been the more volatile fund at 21.8% annualized versus 15.5% for IVV. Worst drawdown: IVV -33.9% vs TPYP -52.0%.
Should I hold both IVV and TPYP?
IVV and TPYP have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and TPYP?
36.2% of TPYP's money is in holdings IVV also owns. 36.2% of TPYP's is in holdings IVV also owns. They hold 6 positions in common, counted across the 490 positions we hold weights for in IVV and 44 in TPYP.
Which pays a higher dividend, IVV or TPYP?
IVV yields 1.06% while TPYP yields 3.15%, so TPYP currently pays the higher dividend yield.
Is TPYP better than IVV?
IVV has a lower expense ratio. IVV led over the full window, TPYP over 1Y. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 62.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.