IVV vs TSPY
iShares Core S&P 500 ETF vs TappAlpha S&P 500 Growth & Daily Income ETF
Which is better, IVV or TSPY?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | TSPY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.71% |
| AUM | $876.4B | $321M |
| Dividend Yield | 1.06% | 15.15% |
| Holdings | 508 | 4 |
| YTD Return | +14.15%Best | +11.66% |
| 1Y Return | +17.31%Best | +15.58% |
| 3Y Return (annualized) | +23.17% | - |
| 5Y Return (annualized) | +13.85% | - |
| Volatility (annualized) | 12.3%Best | 12.4% |
| Max Drawdown | -18.8% | -18.0%Best |
| $10,000 over 2.1 years | $14,371Best | $14,104 |
| Fund Family | iShares by BlackRock (US) | TappAlpha |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Aug 14, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 15, 2024 to Sep 21, 2026 (2.1 years).
IVV vs TSPY 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 2.1 years both funds cover.
IVV vs TSPY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is an ETF from TappAlpha. Over the past year IVV returned +17.31% while TSPY returned +15.58%. Year to date, IVV is up 14.15% versus a gain of 11.66% for TSPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSPY has been the more volatile fund, with annualized monthly volatility of 12.4% compared with 12.3% 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 -18.8% for IVV and -18.0% for TSPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 TSPY charges 0.71%. On a $10,000 position that is $3 vs $71 annually, a gap of $68 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 15.15% for TSPY.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 2 in TSPY, totalling 99.3% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 2 in TSPY, against full books of 508 and 4.
You are not choosing between two funds in isolation.
Whichever of IVV and TSPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TSPY?
IVV has an expense ratio of 0.03% while TSPY charges 0.71%. IVV is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, IVV or TSPY?
Over the past year IVV returned +17.31% vs +15.58% for TSPY, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +18.85% vs +17.79% for TSPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TSPY?
TSPY has been the more volatile fund at 12.4% annualized versus 12.3% for IVV. Worst drawdown: IVV -18.8% vs TSPY -18.0%.
Should I hold both IVV and TSPY?
IVV and TSPY have a monthly-return correlation of 0.97, 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.
Which pays a higher dividend, IVV or TSPY?
IVV yields 1.06% while TSPY yields 15.15%, so TSPY currently pays the higher dividend yield.
Is TSPY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.