IVV vs TCPB
IVV vs TCPB
iShares Core S&P 500 ETF vs Thrivent Core Plus Bond 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 | TCPB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $470M | |
| Dividend Yield | 1.09% | 5.16% | |
| Holdings | 508 | 462 | |
| YTD Return | +11.54% | -0.01% | |
| 1Y Return | +21.48% | +2.76% | |
| 3Y Return (annualized) | +20.86% | - | |
| 5Y Return (annualized) | +13.02% | - | |
| Volatility (annualized) | 15.1% | 3.2% | |
| Max Drawdown | -56.5% | -2.7% | |
| Fund Family | iShares by BlackRock (US) | Thrivent Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 19, 2025 |
IVV vs TCPB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Thrivent Core Plus Bond ETF (TCPB) is a ETF from Thrivent Funds. Over the past year IVV returned +21.48% while TCPB returned +2.76%. Year to date, IVV is up 11.54% versus a loss of 0.01% for TCPB.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.2% for TCPB. 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 -2.7% for TCPB. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TCPB charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.16% for TCPB.
Holdings Overlap
IVV and TCPB share 1 holdings out of 749 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TCPB | Difference |
|---|---|---|---|
| AON | 0.12% | 0.17% | 0.05% |
Frequently Asked Questions
Which is cheaper, IVV or TCPB?
IVV has an expense ratio of 0.03% while TCPB charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or TCPB?
Over the past year IVV returned +21.48% vs +2.76% for TCPB, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.97% vs +4.30% for TCPB. Past performance does not guarantee future results.
Which is riskier, IVV or TCPB?
IVV has been the more volatile fund at 15.1% annualized versus 3.2% for TCPB. Worst drawdown: IVV -56.5% vs TCPB -2.7%.
Should I hold both IVV and TCPB?
IVV and TCPB have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TCPB?
IVV and TCPB share 1 common holdings with a 0.1% weight overlap. Combined, they hold 749 unique securities.
Which pays a higher dividend, IVV or TCPB?
IVV yields 1.09% while TCPB yields 5.16%, so TCPB currently pays the higher dividend yield.
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