IVV vs TIER
IVV vs TIER
iShares Core S&P 500 ETF vs T. Rowe Price International Equity Research ETF
Quick Verdict
IVV has a lower expense ratio. TIER delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TIER | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.38% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | - | |
| Holdings | 508 | 347 | |
| YTD Return | +9.93% | +11.86% | |
| 1Y Return | +19.59% | +28.17% | |
| 3Y Return (annualized) | +19.41% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.1% | 14.7% | |
| Max Drawdown | -56.5% | -12.1% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 25, 2025 |
IVV vs TIER Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T. Rowe Price International Equity Research ETF (TIER) is a ETF from T.Rowe Price. Over the past year IVV returned +19.59% while TIER returned +28.17%. Year to date, IVV is up 9.93% versus a gain of 11.86% for TIER.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.7% for TIER. 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 -12.1% for TIER. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TIER charges 0.38%. On a $10,000 position that is $3 vs $38 annually, a gap of $35 per year that compounds over a long holding period.
Holdings Overlap
IVV and TIER 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 TIER | Difference |
|---|---|---|---|
| VST | 0.08% | 0.04% | 0.04% |
Frequently Asked Questions
Which is cheaper, IVV or TIER?
IVV has an expense ratio of 0.03% while TIER charges 0.38%. IVV is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, IVV or TIER?
Over the past year IVV returned +19.59% vs +28.17% for TIER, so TIER leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +6.91% vs +24.82% for TIER. Past performance does not guarantee future results.
Which is riskier, IVV or TIER?
IVV has been the more volatile fund at 15.1% annualized versus 14.7% for TIER. Worst drawdown: IVV -56.5% vs TIER -12.1%.
Should I hold both IVV and TIER?
IVV and TIER have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TIER?
IVV and TIER share 1 common holdings with a 0.0% weight overlap. Combined, they hold 666 unique securities.
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