IVV vs TURF
iShares Core S&P 500 ETF vs T. Rowe Price Natural Resources ETF
Quick Verdict
IVV has a lower expense ratio. TURF delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TURF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.44% | |
| AUM | $907.0B | $318M | |
| Dividend Yield | 1.10% | 1.33% | |
| Holdings | 508 | 347 | |
| YTD Return | +12.76% | +23.04% | |
| 1Y Return | +20.63% | +38.91% | |
| 3Y Return (annualized) | +21.71% | - | |
| 5Y Return (annualized) | +12.87% | - | |
| Volatility (annualized) | 15.1% | 19.7% | |
| Max Drawdown | -56.5% | -13.2% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 11, 2025 |
IVV vs TURF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T. Rowe Price Natural Resources ETF (TURF) is a ETF from T.Rowe Price. Over the past year IVV returned +20.63% while TURF returned +38.91%. Year to date, IVV is up 12.76% versus a gain of 23.04% for TURF.
Risk: Volatility and Drawdowns
TURF has been the more volatile fund, with annualized monthly volatility of 19.7% 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 -13.2% for TURF. 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 -0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TURF charges 0.44%. On a $10,000 position that is $3 vs $44 annually, a gap of $41 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.33% for TURF.
Holdings Overlap
IVV and TURF share 13 holdings out of 575 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TURF?
IVV has an expense ratio of 0.03% while TURF charges 0.44%. IVV is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, IVV or TURF?
Over the past year IVV returned +20.63% vs +38.91% for TURF, so TURF leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +6.99% vs +37.10% for TURF. Past performance does not guarantee future results.
Which is riskier, IVV or TURF?
TURF has been the more volatile fund at 19.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TURF -13.2%.
Should I hold both IVV and TURF?
IVV and TURF have a monthly-return correlation of -0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TURF?
IVV and TURF share 13 common holdings with a 2.3% weight overlap. Combined, they hold 575 unique securities.
Which pays a higher dividend, IVV or TURF?
IVV yields 1.10% while TURF yields 1.33%, so TURF currently pays the higher dividend yield.
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