IVV vs TXS
iShares Core S&P 500 ETF vs Texas Capital Texas Equity Index ETF
Quick Verdict
IVV has a lower expense ratio. TXS delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TXS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $907.0B | $39M | |
| Dividend Yield | 1.10% | 0.78% | |
| Holdings | 508 | 457 | |
| YTD Return | +12.96% | +18.88% | |
| 1Y Return | +20.70% | +22.94% | |
| 3Y Return (annualized) | +22.10% | +21.40% | |
| 5Y Return (annualized) | +13.40% | - | |
| Volatility (annualized) | 15.1% | 14.0% | |
| Max Drawdown | -56.5% | -19.7% | |
| Fund Family | iShares by BlackRock (US) | Texas Capital | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 12, 2023 |
IVV vs TXS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Texas Capital Texas Equity Index ETF (TXS) is a ETF from Texas Capital. Over the past year IVV returned +20.70% while TXS returned +22.94%. Year to date, IVV is up 12.96% versus a gain of 18.88% for TXS.
Over three years, IVV compounded at +22.10% per year against +21.40% for TXS. Across the full 3-year window we track, TXS has the edge at +19.45% annualized vs +7.01%. 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 14.0% for TXS. 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 -19.7% for TXS. 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TXS charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.78% for TXS.
Holdings Overlap
IVV and TXS share 48 holdings out of 687 unique holdings combined, representing a 8.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TXS?
IVV has an expense ratio of 0.03% while TXS charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or TXS?
Over the past year IVV returned +20.70% vs +22.94% for TXS, so TXS leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.01% vs +19.45% for TXS. Past performance does not guarantee future results.
Which is riskier, IVV or TXS?
IVV has been the more volatile fund at 15.1% annualized versus 14.0% for TXS. Worst drawdown: IVV -56.5% vs TXS -19.7%.
Should I hold both IVV and TXS?
IVV and TXS have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TXS?
IVV and TXS share 48 common holdings with a 8.3% weight overlap. Combined, they hold 687 unique securities.
Which pays a higher dividend, IVV or TXS?
IVV yields 1.10% while TXS yields 0.78%, so IVV currently pays the higher dividend yield.
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