IVV vs TPZ
iShares Core S&P 500 ETF vs Tortoise Essential Energy Fund
Quick Verdict
IVV has a lower expense ratio. TPZ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TPZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $907.0B | $121M | |
| Dividend Yield | 1.10% | 3.15% | |
| Holdings | 508 | 35 | |
| YTD Return | +12.96% | +3.09% | |
| 1Y Return | +20.70% | +58.31% | |
| 3Y Return (annualized) | +22.10% | +23.77% | |
| 5Y Return (annualized) | +13.40% | +13.32% | |
| Volatility (annualized) | 15.1% | 24.4% | |
| Max Drawdown | -56.5% | -87.9% | |
| Fund Family | iShares by BlackRock (US) | Tortoise Capital | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 29, 2009 |
IVV vs TPZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Tortoise Essential Energy Fund (TPZ) is a ETF from Tortoise Capital. Over the past year IVV returned +20.70% while TPZ returned +58.31%. Year to date, IVV is up 12.96% versus a gain of 3.09% for TPZ.
Over three years, IVV compounded at +22.10% per year against +23.77% for TPZ; over five years the annualized figures are +13.40% and +13.32% respectively. Across the full 16-year window we track, TPZ has the edge at +8.26% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TPZ has been the more volatile fund, with annualized monthly volatility of 24.4% 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 -87.9% for TPZ. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TPZ charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.15% for TPZ.
Holdings Overlap
IVV and TPZ share 15 holdings out of 521 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TPZ?
IVV has an expense ratio of 0.03% while TPZ charges 0.85%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IVV or TPZ?
Over the past year IVV returned +20.70% vs +58.31% for TPZ, so TPZ leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.01% vs +8.26% for TPZ. Past performance does not guarantee future results.
Which is riskier, IVV or TPZ?
TPZ has been the more volatile fund at 24.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TPZ -87.9%.
Should I hold both IVV and TPZ?
IVV and TPZ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TPZ?
IVV and TPZ share 15 common holdings with a 1.5% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, IVV or TPZ?
IVV yields 1.10% while TPZ yields 3.15%, so TPZ currently pays the higher dividend yield.
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