IVV vs TRPA
iShares Core S&P 500 ETF vs Hartford AAA CLO 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 | TRPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.24% | |
| AUM | $907.0B | $111M | |
| Dividend Yield | 1.10% | 4.96% | |
| Holdings | 508 | 138 | |
| YTD Return | +12.28% | +0.13% | |
| 1Y Return | +20.94% | +1.66% | |
| 3Y Return (annualized) | +21.81% | +5.26% | |
| 5Y Return (annualized) | +13.05% | +2.84% | |
| Volatility (annualized) | 15.1% | 3.5% | |
| Max Drawdown | -56.5% | -10.8% | |
| Fund Family | iShares by BlackRock (US) | Hartford Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 30, 2018 |
IVV vs TRPA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Hartford AAA CLO ETF (TRPA) is a ETF from Hartford Funds. Over the past year IVV returned +20.94% while TRPA returned +1.66%. Year to date, IVV is up 12.28% versus a gain of 0.13% for TRPA.
Over three years, IVV compounded at +21.81% per year against +5.26% for TRPA; over five years the annualized figures are +13.05% and +2.84% respectively. Across the full 8-year window we track, IVV has the edge at +6.98% annualized vs +3.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.5% for TRPA. 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 -10.8% for TRPA. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TRPA charges 0.24%. On a $10,000 position that is $3 vs $24 annually, a gap of $21 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.96% for TRPA.
Holdings Overlap
IVV and TRPA share 0 holdings out of 514 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TRPA?
IVV has an expense ratio of 0.03% while TRPA charges 0.24%. IVV is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, IVV or TRPA?
Over the past year IVV returned +20.94% vs +1.66% for TRPA, so IVV leads on 1-year performance. Over the longest common window we track (8 years), IVV annualized +6.98% vs +3.15% for TRPA. Past performance does not guarantee future results.
Which is riskier, IVV or TRPA?
IVV has been the more volatile fund at 15.1% annualized versus 3.5% for TRPA. Worst drawdown: IVV -56.5% vs TRPA -10.8%.
Should I hold both IVV and TRPA?
IVV and TRPA have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TRPA?
IVV and TRPA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVV or TRPA?
IVV yields 1.10% while TRPA yields 4.96%, so TRPA currently pays the higher dividend yield.
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