IVV vs TSPA
iShares Core S&P 500 ETF vs T Rowe Price US Equity Research ETF
Which is better, IVV or TSPA?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y and 3Y, TSPA over 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. TSPA is less concentrated, with 36.4% of the fund in its ten largest positions against 37.8%.
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 | TSPA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.34% |
| AUM | $876.4B | $4.5B |
| Dividend Yield | 1.06% | 0.55% |
| Holdings | 508 | 330 |
| YTD Return | +12.27%Best | +12.10% |
| 1Y Return | +17.04%Best | +16.93% |
| 3Y Return (annualized) | +21.24%Best | +21.22% |
| 5Y Return (annualized) | +13.08% | +13.45%Best |
| Volatility (annualized) | 15.6%Best | 15.7% |
| Max Drawdown | -24.5%Best | -24.7% |
| $10,000 over 5 years | $18,490 | $18,794Best |
| Top 10 Weight | 37.8% | 36.4%Best |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 8, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 9, 2021 to Sep 17, 2026 (5.3 years).
IVV vs TSPA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
IVV vs TSPA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and T Rowe Price US Equity Research ETF (TSPA) is an ETF from T.Rowe Price. Over the past year IVV returned +17.04% while TSPA returned +16.93%. Year to date, IVV is up 12.27% versus a gain of 12.10% for TSPA.
Over three years, IVV compounded at +21.24% per year against +21.22% for TSPA; over five years the annualized figures are +13.08% and +13.45% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSPA has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 15.6% 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 -24.5% for IVV and -24.7% for TSPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while TSPA charges 0.34%. On a $10,000 position that is $3 vs $34 annually, a gap of $31 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.55% for TSPA.
Holdings Overlap
87.1% of IVV's money is in holdings TSPA also owns. 94.8% of TSPA's money is in holdings IVV also owns.
Most of TSPA is already inside IVV. Owning both mostly buys the same companies twice.
270 positions in common, counted across the 490 positions we hold weights for in IVV and 330 in TSPA, against full books of 508 and 330.
What only one of them owns
Our book lists 43 positions for TSPA that do not appear in our book for IVV (3.1% of the fund), and 214 for IVV that do not appear in TSPA (11.9%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TSPA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 7.39% | 0.68% |
| AAPLApple, Inc | 7.02% | 6.50% | 0.52% |
| MSFTMicrosoft Corp | 5.69% | 4.27% | 1.42% |
| AMZNAmazon.Com Inc | 3.84% | 3.71% | 0.13% |
| GOOGAlphabet Inc | 2.39% | 3.34% | 0.95% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.58% | 0.42% |
| AVGOBroadcom Inc | 2.65% | 2.65% | 0.00% |
| METAMeta Platforms Inc | 1.90% | 2.04% | 0.14% |
| MUMicron Technology, Inc. | 1.63% | 2.14% | 0.51% |
| TSLATesla Inc | 1.56% | 1.79% | 0.23% |
94.8% of TSPA 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 TSPA?
IVV has an expense ratio of 0.03% while TSPA charges 0.34%. IVV is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, IVV or TSPA?
Over the past year IVV returned +17.04% vs +16.93% for TSPA, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TSPA?
TSPA has been the more volatile fund at 15.7% annualized versus 15.6% for IVV. Worst drawdown: IVV -24.5% vs TSPA -24.7%.
Should I hold both IVV and TSPA?
IVV and TSPA have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and TSPA?
94.8% of TSPA's money is in holdings IVV also owns. 94.8% of TSPA's is in holdings IVV also owns. They hold 270 positions in common, counted across the 490 positions we hold weights for in IVV and 330 in TSPA.
Which pays a higher dividend, IVV or TSPA?
IVV yields 1.06% while TSPA yields 0.55%, so IVV currently pays the higher dividend yield.
Is TSPA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and 3Y, TSPA over 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. TSPA is less concentrated, with 36.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.