IVV vs TILT
IVV vs TILT
iShares Core S&P 500 ETF vs FlexShares Morningstar US Market Factor Tilt Index Fund
Quick Verdict
IVV has a lower expense ratio. TILT delivered stronger 1-year returns. TILT offers more diversification with 1925 holdings.
Side-by-Side Comparison
| Metric | IVV | TILT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $2.2B | |
| Dividend Yield | 1.09% | 1.08% | |
| Holdings | 508 | 1,946 | |
| YTD Return | +13.31% | +14.05% | |
| 1Y Return | +24.00% | +25.49% | |
| 3Y Return (annualized) | +21.16% | +19.19% | |
| 5Y Return (annualized) | +13.34% | +11.85% | |
| Volatility (annualized) | 15.1% | 15.6% | |
| Max Drawdown | -56.5% | -38.5% | |
| Fund Family | iShares by BlackRock (US) | Flexshares Trust | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 16, 2011 |
IVV vs TILT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and FlexShares Morningstar US Market Factor Tilt Index Fund (TILT) is a ETF from Flexshares Trust. Over the past year IVV returned +24.00% while TILT returned +25.49%. Year to date, IVV is up 13.31% versus a gain of 14.05% for TILT.
Over three years, IVV compounded at +21.16% per year against +19.19% for TILT; over five years the annualized figures are +13.34% and +11.85% respectively. Across the full 15-year window we track, TILT has the edge at +14.62% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TILT has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.1% 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 -56.5% for IVV and -38.5% for TILT. 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 0.97. 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 TILT charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.08% for TILT.
Holdings Overlap
IVV and TILT share 493 holdings out of 1937 unique holdings combined, representing a 69.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TILT | Difference |
|---|---|---|---|
| NVDA | 7.76% | 5.09% | 2.67% |
| AAPL | 7.44% | 4.27% | 3.17% |
| MSFT | 4.57% | 3.38% | 1.19% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
See all 10 holdings IVV shares with TILT Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or TILT?
IVV has an expense ratio of 0.03% while TILT charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or TILT?
Over the past year IVV returned +24.00% vs +25.49% for TILT, so TILT leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.03% vs +14.62% for TILT. Past performance does not guarantee future results.
Which is riskier, IVV or TILT?
TILT has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TILT -38.5%.
Should I hold both IVV and TILT?
IVV and TILT have a monthly-return correlation of 0.97, 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 TILT?
IVV and TILT share 493 common holdings with a 69.6% weight overlap. Combined, they hold 1937 unique securities.
Which pays a higher dividend, IVV or TILT?
IVV yields 1.09% while TILT yields 1.08%, so IVV currently pays the higher dividend yield.
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