IVV vs TOTL
IVV vs TOTL
iShares Core S&P 500 ETF vs State Street DoubleLine Total Return Tactical 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 | TOTL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.55% | |
| AUM | $865.2B | $4.1B | |
| Dividend Yield | 1.09% | 5.27% | |
| Holdings | 508 | 1,529 | |
| YTD Return | +9.93% | -1.29% | |
| 1Y Return | +19.59% | +2.33% | |
| 3Y Return (annualized) | +19.41% | +3.97% | |
| 5Y Return (annualized) | +12.89% | +0.18% | |
| Volatility (annualized) | 15.1% | 4.5% | |
| Max Drawdown | -56.5% | -18.0% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 23, 2015 |
IVV vs TOTL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street DoubleLine Total Return Tactical ETF (TOTL) is a ETF from State Street Investment Management. Over the past year IVV returned +19.59% while TOTL returned +2.33%. Year to date, IVV is up 9.93% versus a loss of 1.29% for TOTL.
Over three years, IVV compounded at +19.41% per year against +3.97% for TOTL; over five years the annualized figures are +12.89% and +0.18% respectively. Across the full 11-year window we track, IVV has the edge at +6.91% annualized vs -0.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.5% for TOTL. 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 -18.0% for TOTL. 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TOTL charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.27% for TOTL.
Holdings Overlap
IVV and TOTL share 0 holdings out of 642 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TOTL?
IVV has an expense ratio of 0.03% while TOTL charges 0.55%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, IVV or TOTL?
Over the past year IVV returned +19.59% vs +2.33% for TOTL, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +6.91% vs -0.08% for TOTL. Past performance does not guarantee future results.
Which is riskier, IVV or TOTL?
IVV has been the more volatile fund at 15.1% annualized versus 4.5% for TOTL. Worst drawdown: IVV -56.5% vs TOTL -18.0%.
Should I hold both IVV and TOTL?
IVV and TOTL have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TOTL?
IVV and TOTL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 642 unique securities.
Which pays a higher dividend, IVV or TOTL?
IVV yields 1.09% while TOTL yields 5.27%, so TOTL currently pays the higher dividend yield.
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