IVV vs TSPA
IVV vs TSPA
iShares Core S&P 500 ETF vs T Rowe Price US Equity Research 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 | TSPA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.34% | |
| AUM | $865.2B | $4.2B | |
| Dividend Yield | 1.09% | 0.56% | |
| Holdings | 508 | 310 | |
| YTD Return | +13.80% | +13.59% | |
| 1Y Return | +23.70% | +23.26% | |
| 3Y Return (annualized) | +21.49% | +21.51% | |
| 5Y Return (annualized) | +13.43% | +13.84% | |
| Volatility (annualized) | 15.1% | 15.8% | |
| Max Drawdown | -56.5% | -24.7% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 8, 2021 |
IVV vs TSPA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T Rowe Price US Equity Research ETF (TSPA) is a ETF from T.Rowe Price. Over the past year IVV returned +23.70% while TSPA returned +23.26%. Year to date, IVV is up 13.80% versus a gain of 13.59% for TSPA.
Over three years, IVV compounded at +21.49% per year against +21.51% for TSPA; over five years the annualized figures are +13.43% and +13.84% respectively. Across the full 5-year window we track, TSPA has the edge at +14.42% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSPA has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -24.7% for TSPA. 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 1.00. 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 TSPA charges 0.34%. On a $10,000 position that is $3 vs $34 annually, a gap of $31 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.56% for TSPA.
Holdings Overlap
IVV and TSPA share 258 holdings out of 554 unique holdings combined, representing a 66.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TSPA | Difference |
|---|---|---|---|
| AAPL | 7.44% | 6.96% | 0.48% |
| MSFT | 4.57% | 4.96% | 0.39% |
| NUVL | 0.62% | 7.73% | 7.11% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
See all 10 holdings IVV shares with TSPA 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 TSPA?
IVV has an expense ratio of 0.03% while TSPA charges 0.34%. IVV is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, IVV or TSPA?
Over the past year IVV returned +23.70% vs +23.26% for TSPA, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.05% vs +14.42% for TSPA. Past performance does not guarantee future results.
Which is riskier, IVV or TSPA?
TSPA has been the more volatile fund at 15.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TSPA -24.7%.
Should I hold both IVV and TSPA?
IVV and TSPA have a monthly-return correlation of 1.00, 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 TSPA?
IVV and TSPA share 258 common holdings with a 66.9% weight overlap. Combined, they hold 554 unique securities.
Which pays a higher dividend, IVV or TSPA?
IVV yields 1.09% while TSPA yields 0.56%, so IVV currently pays the higher dividend yield.
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