IVV vs TSME
iShares Core S&P 500 ETF vs Thrivent Small-Mid Cap Equity 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 | TSME | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.65% | |
| AUM | $907.0B | $1.0B | |
| Dividend Yield | 1.10% | 0.15% | |
| Holdings | 508 | 68 | |
| YTD Return | +12.28% | +13.75% | |
| 1Y Return | +20.94% | +19.37% | |
| 3Y Return (annualized) | +21.81% | +19.29% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 21.4% | |
| Max Drawdown | -56.5% | -26.6% | |
| Fund Family | iShares by BlackRock (US) | Thrivent Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 5, 2022 |
IVV vs TSME Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Thrivent Small-Mid Cap Equity ETF (TSME) is a ETF from Thrivent Funds. Over the past year IVV returned +20.94% while TSME returned +19.37%. Year to date, IVV is up 12.28% versus a gain of 13.75% for TSME.
Over three years, IVV compounded at +21.81% per year against +19.29% for TSME. Across the full 4-year window we track, TSME has the edge at +17.89% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSME has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -26.6% for TSME. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TSME charges 0.65%. On a $10,000 position that is $3 vs $65 annually, a gap of $62 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.15% for TSME.
Holdings Overlap
IVV and TSME share 10 holdings out of 561 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TSME?
IVV has an expense ratio of 0.03% while TSME charges 0.65%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, IVV or TSME?
Over the past year IVV returned +20.94% vs +19.37% for TSME, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.98% vs +17.89% for TSME. Past performance does not guarantee future results.
Which is riskier, IVV or TSME?
TSME has been the more volatile fund at 21.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TSME -26.6%.
Should I hold both IVV and TSME?
IVV and TSME have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TSME?
IVV and TSME share 10 common holdings with a 0.8% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, IVV or TSME?
IVV yields 1.10% while TSME yields 0.15%, so IVV currently pays the higher dividend yield.
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