IVV vs TPLS
IVV vs TPLS
iShares Core S&P 500 ETF vs Thornburg Core Plus Bond 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 | TPLS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.45% | |
| AUM | $865.2B | $15M | |
| Dividend Yield | 1.09% | 5.09% | |
| Holdings | 508 | 301 | |
| YTD Return | +9.93% | -0.55% | |
| 1Y Return | +19.59% | +2.72% | |
| 3Y Return (annualized) | +19.41% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.1% | 3.6% | |
| Max Drawdown | -56.5% | -3.0% | |
| Fund Family | iShares by BlackRock (US) | Thornburg Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 5, 2025 |
IVV vs TPLS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Thornburg Core Plus Bond ETF (TPLS) is a ETF from Thornburg Investment Management. Over the past year IVV returned +19.59% while TPLS returned +2.72%. Year to date, IVV is up 9.93% versus a loss of 0.55% for TPLS.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.6% for TPLS. 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 -3.0% for TPLS. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TPLS charges 0.45%. On a $10,000 position that is $3 vs $45 annually, a gap of $42 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.09% for TPLS.
Holdings Overlap
IVV and TPLS share 3 holdings out of 702 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TPLS?
IVV has an expense ratio of 0.03% while TPLS charges 0.45%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, IVV or TPLS?
Over the past year IVV returned +19.59% vs +2.72% for TPLS, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.91% vs +3.61% for TPLS. Past performance does not guarantee future results.
Which is riskier, IVV or TPLS?
IVV has been the more volatile fund at 15.1% annualized versus 3.6% for TPLS. Worst drawdown: IVV -56.5% vs TPLS -3.0%.
Should I hold both IVV and TPLS?
IVV and TPLS have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TPLS?
IVV and TPLS share 3 common holdings with a 0.2% weight overlap. Combined, they hold 702 unique securities.
Which pays a higher dividend, IVV or TPLS?
IVV yields 1.09% while TPLS yields 5.09%, so TPLS currently pays the higher dividend yield.
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