IVV vs TSI
IVV vs TSI
iShares Core S&P 500 ETF vs TCW Strategic Income Fund Inc.
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 | TSI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.03% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | 6.21% | |
| Holdings | 508 | 746 | |
| YTD Return | +13.52% | -6.84% | |
| 1Y Return | +23.63% | -3.49% | |
| 3Y Return (annualized) | +21.26% | +5.83% | |
| 5Y Return (annualized) | +13.52% | +1.77% | |
| Volatility (annualized) | 15.1% | 18.3% | |
| Max Drawdown | -56.5% | -83.3% | |
| Fund Family | iShares by BlackRock (US) | TCW Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 5, 1987 |
IVV vs TSI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and TCW Strategic Income Fund Inc. (TSI) is a ETF from TCW Funds. Over the past year IVV returned +23.63% while TSI returned -3.49%. Year to date, IVV is up 13.52% versus a loss of 6.84% for TSI.
Over three years, IVV compounded at +21.26% per year against +5.83% for TSI; over five years the annualized figures are +13.52% and +1.77% respectively. Across the full 26-year window we track, IVV has the edge at +7.04% annualized vs +0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSI has been the more volatile fund, with annualized monthly volatility of 18.3% 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 -83.3% for TSI. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TSI charges 1.03%. On a $10,000 position that is $3 vs $103 annually, a gap of $100 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.21% for TSI.
Holdings Overlap
IVV and TSI share 3 holdings out of 749 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TSI?
IVV has an expense ratio of 0.03% while TSI charges 1.03%. IVV is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, IVV or TSI?
Over the past year IVV returned +23.63% vs -3.49% for TSI, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.04% vs +0.21% for TSI. Past performance does not guarantee future results.
Which is riskier, IVV or TSI?
TSI has been the more volatile fund at 18.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TSI -83.3%.
Should I hold both IVV and TSI?
IVV and TSI have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TSI?
IVV and TSI share 3 common holdings with a 0.4% weight overlap. Combined, they hold 749 unique securities.
Which pays a higher dividend, IVV or TSI?
IVV yields 1.09% while TSI yields 6.21%, so TSI currently pays the higher dividend yield.
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