IVV vs TXS
iShares Core S&P 500 ETF vs Texas Capital Texas Equity Index ETF
Which is better, IVV or TXS?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y and the full window, TXS over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 42.6%.
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 | TXS |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.49% |
| AUM | $886.7B | $39M |
| Dividend Yield | 1.10% | 0.78% |
| Holdings | 508 | 457 |
| YTD Return | +12.70% | +18.27%Best |
| 1Y Return | +19.36% | +20.88%Best |
| 3Y Return (annualized) | +21.16%Best | +20.47% |
| 5Y Return (annualized) | +12.75% | - |
| Volatility (annualized) | 12.8%Best | 13.8% |
| Max Drawdown | -18.8%Best | -19.7% |
| $10,000 over 3.2 years | $17,850Best | $17,387 |
| Top 10 Weight | 37.9%Best | 42.6% |
| Fund Family | iShares by BlackRock (US) | Texas Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jul 12, 2023 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 13, 2023 to Sep 8, 2026 (3.2 years).
IVV vs TXS 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 3.2 years both funds cover.
IVV vs TXS Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Texas Capital Texas Equity Index ETF (TXS) is an ETF from Texas Capital. Over the past year IVV returned +19.36% while TXS returned +20.88%. Year to date, IVV is up 12.70% versus a gain of 18.27% for TXS.
Over three years, IVV compounded at +21.16% per year against +20.47% for TXS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TXS has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.8% 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 -19.7% for TXS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
7.9% of IVV's money is in holdings TXS also owns. 64.8% of TXS's money is in holdings IVV also owns.
The two portfolios partly overlap.
48 positions in common, counted across the 504 positions we hold weights for in IVV and 229 in TXS, against full books of 508 and 457.
What only one of them owns
Our book lists 179 positions for TXS that do not appear in our book for IVV (35.0% of the fund), and 445 for IVV that do not appear in TXS (91.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TXS | Difference |
|---|---|---|---|
| CRWDCrowdstrike Holdings Inc - A | 0.32% | 7.53% | 7.21% |
| SCHWCharles Schwab Corp. | 0.27% | 5.16% | 4.89% |
| MCKMckesson Corp. | 0.16% | 5.00% | 4.84% |
| TSLATesla Motors Inc | 1.36% | 3.66% | 2.30% |
| DLRDigital Realty Trust Inc. | 0.10% | 4.42% | 4.32% |
| WMWaste Management Inc . | 0.12% | 3.29% | 3.17% |
| XOMExxon Mobil Corp | 0.94% | 2.23% | 1.29% |
| CBRECbre Group Inc. Class A | 0.07% | 2.75% | 2.68% |
| PWRQuanta Services, Inc | 0.15% | 2.11% | 1.96% |
| CCICrown Castle International Corp | 0.05% | 2.08% | 2.03% |
64.8% of TXS is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $46 a year on a $10,000 investment.
Which performed better, IVV or TXS?
Over the past year IVV returned +19.36% vs +20.88% for TXS, so TXS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or TXS?
TXS has been the more volatile fund at 13.8% annualized versus 12.8% for IVV. Worst drawdown: IVV -18.8% vs TXS -19.7%.
Should I hold both IVV and TXS?
IVV and TXS have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and TXS?
64.8% of TXS's money is in holdings IVV also owns. 64.8% of TXS's is in holdings IVV also owns. They hold 48 positions in common, counted across the 504 positions we hold weights for in IVV and 229 in TXS.
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.
Is TXS better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, TXS over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 42.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.