IVV vs THEQ
IVV vs THEQ
iShares Core S&P 500 ETF vs T. Rowe Price Hedged Equity 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 | THEQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.46% | |
| AUM | $865.2B | $37M | |
| Dividend Yield | 1.09% | 0.74% | |
| Holdings | 508 | 347 | |
| YTD Return | +13.52% | +8.92% | |
| 1Y Return | +23.63% | +14.61% | |
| 3Y Return (annualized) | +21.26% | - | |
| 5Y Return (annualized) | +13.52% | - | |
| Volatility (annualized) | 15.1% | 8.2% | |
| Max Drawdown | -56.5% | -8.1% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 26, 2025 |
IVV vs THEQ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T. Rowe Price Hedged Equity ETF (THEQ) is a ETF from T.Rowe Price. Over the past year IVV returned +23.63% while THEQ returned +14.61%. Year to date, IVV is up 13.52% versus a gain of 8.92% for THEQ.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.2% for THEQ. 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 -8.1% for THEQ. 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while THEQ charges 0.46%. On a $10,000 position that is $3 vs $46 annually, a gap of $43 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.74% for THEQ.
Holdings Overlap
IVV and THEQ share 1 holdings out of 666 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in THEQ | Difference |
|---|---|---|---|
| VST | 0.08% | 0.04% | 0.04% |
Frequently Asked Questions
Which is cheaper, IVV or THEQ?
IVV has an expense ratio of 0.03% while THEQ charges 0.46%. IVV is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, IVV or THEQ?
Over the past year IVV returned +23.63% vs +14.61% for THEQ, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.04% vs +16.45% for THEQ. Past performance does not guarantee future results.
Which is riskier, IVV or THEQ?
IVV has been the more volatile fund at 15.1% annualized versus 8.2% for THEQ. Worst drawdown: IVV -56.5% vs THEQ -8.1%.
Should I hold both IVV and THEQ?
IVV and THEQ have a monthly-return correlation of 0.98, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and THEQ?
IVV and THEQ share 1 common holdings with a 0.0% weight overlap. Combined, they hold 666 unique securities.
Which pays a higher dividend, IVV or THEQ?
IVV yields 1.09% while THEQ yields 0.74%, so IVV currently pays the higher dividend yield.
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