IVV vs TUA
iShares Core S&P 500 ETF vs Simplify Short Term Treasury Futures Strategy 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 | TUA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $907.0B | $663M | |
| Dividend Yield | 1.10% | 3.10% | |
| Holdings | 508 | 9 | |
| YTD Return | +12.71% | -5.54% | |
| 1Y Return | +21.89% | -3.63% | |
| 3Y Return (annualized) | +22.08% | +1.29% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 9.5% | |
| Max Drawdown | -56.5% | -15.8% | |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Nov 14, 2022 |
IVV vs TUA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Simplify Short Term Treasury Futures Strategy ETF (TUA) is a ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +21.89% while TUA returned -3.63%. Year to date, IVV is up 12.71% versus a loss of 5.54% for TUA.
Over three years, IVV compounded at +22.08% per year against +1.29% for TUA. Across the full 4-year window we track, IVV has the edge at +7.00% annualized vs -1.38%. 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 9.5% for TUA. 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 -15.8% for TUA. 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 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TUA charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.10% for TUA.
Holdings Overlap
IVV and TUA share 0 holdings out of 506 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 TUA?
IVV has an expense ratio of 0.03% while TUA charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or TUA?
Over the past year IVV returned +21.89% vs -3.63% for TUA, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.00% vs -1.38% for TUA. Past performance does not guarantee future results.
Which is riskier, IVV or TUA?
IVV has been the more volatile fund at 15.1% annualized versus 9.5% for TUA. Worst drawdown: IVV -56.5% vs TUA -15.8%.
Should I hold both IVV and TUA?
IVV and TUA have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TUA?
IVV and TUA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or TUA?
IVV yields 1.10% while TUA yields 3.10%, so TUA currently pays the higher dividend yield.
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