IVV vs TOK
IVV vs TOK
iShares Core S&P 500 ETF vs iShares MSCI Kokusai ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. TOK offers more diversification with 892 holdings.
Side-by-Side Comparison
| Metric | IVV | TOK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $247M | |
| Dividend Yield | 1.09% | 1.31% | |
| Holdings | 508 | 1,136 | |
| YTD Return | +13.31% | +12.52% | |
| 1Y Return | +24.00% | +23.36% | |
| 3Y Return (annualized) | +21.16% | +20.19% | |
| 5Y Return (annualized) | +13.34% | +11.88% | |
| Volatility (annualized) | 15.1% | 16.5% | |
| Max Drawdown | -56.5% | -56.6% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 10, 2007 |
IVV vs TOK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares MSCI Kokusai ETF (TOK) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +24.00% while TOK returned +23.36%. Year to date, IVV is up 13.31% versus a gain of 12.52% for TOK.
Over three years, IVV compounded at +21.16% per year against +20.19% for TOK; over five years the annualized figures are +13.34% and +11.88% respectively. Across the full 19-year window we track, IVV has the edge at +7.03% annualized vs +6.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TOK has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -56.6% for TOK. 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 TOK 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 1.31% for TOK.
Holdings Overlap
IVV and TOK share 386 holdings out of 1011 unique holdings combined, representing a 70.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TOK | Difference |
|---|---|---|---|
| NVDA | 7.76% | 5.32% | 2.44% |
| AAPL | 7.44% | 5.41% | 2.03% |
| MSFT | 4.57% | 3.22% | 1.35% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings IVV shares with TOK 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 TOK?
IVV has an expense ratio of 0.03% while TOK 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 TOK?
Over the past year IVV returned +24.00% vs +23.36% for TOK, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.03% vs +6.92% for TOK. Past performance does not guarantee future results.
Which is riskier, IVV or TOK?
TOK has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TOK -56.6%.
Should I hold both IVV and TOK?
IVV and TOK 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 TOK?
IVV and TOK share 386 common holdings with a 70.1% weight overlap. Combined, they hold 1011 unique securities.
Which pays a higher dividend, IVV or TOK?
IVV yields 1.09% while TOK yields 1.31%, so TOK currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.