IVV vs TSPY
iShares Core S&P 500 ETF vs TappAlpha S&P 500 Growth & Daily Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TSPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.71% | |
| AUM | $865.2B | $300M | |
| Dividend Yield | 1.09% | 16.26% | |
| Holdings | 508 | 5 | |
| YTD Return | +13.80% | +9.60% | |
| 1Y Return | +23.70% | +20.39% | |
| 3Y Return (annualized) | +21.49% | - | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 12.6% | |
| Max Drawdown | -56.5% | -18.0% | |
| Fund Family | iShares by BlackRock (US) | TappAlpha | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Aug 14, 2024 |
IVV vs TSPY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) is a ETF from TappAlpha. Over the past year IVV returned +23.70% while TSPY returned +20.39%. Year to date, IVV is up 13.80% versus a gain of 9.60% for TSPY.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.6% for TSPY. 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 -18.0% for TSPY. 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 0.97. 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 1.09% against 16.26% for TSPY.
Holdings Overlap
IVV and TSPY share 0 holdings out of 507 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 TSPY?
IVV has an expense ratio of 0.03% while TSPY charges 0.71%. IVV is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, IVV or TSPY?
Over the past year IVV returned +23.70% vs +20.39% for TSPY, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.05% vs +17.88% for TSPY. Past performance does not guarantee future results.
Which is riskier, IVV or TSPY?
IVV has been the more volatile fund at 15.1% annualized versus 12.6% for TSPY. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and TSPY?
IVV and TSPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or TSPY?
IVV yields 1.09% while TSPY yields 16.26%, so TSPY currently pays the higher dividend yield.
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