IVV vs TVAL
IVV vs TVAL
iShares Core S&P 500 ETF vs T. Rowe Price Value ETF
Quick Verdict
IVV has a lower expense ratio. TVAL delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | TVAL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.33% | |
| AUM | $865.2B | $986M | |
| Dividend Yield | 1.09% | 1.00% | |
| Holdings | 508 | 347 | |
| YTD Return | +13.80% | +21.86% | |
| 1Y Return | +23.70% | +34.47% | |
| 3Y Return (annualized) | +21.49% | +19.33% | |
| 5Y Return (annualized) | +13.43% | - | |
| Volatility (annualized) | 15.1% | 12.4% | |
| Max Drawdown | -56.5% | -15.8% | |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 14, 2023 |
IVV vs TVAL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and T. Rowe Price Value ETF (TVAL) is a ETF from T.Rowe Price. Over the past year IVV returned +23.70% while TVAL returned +34.47%. Year to date, IVV is up 13.80% versus a gain of 21.86% for TVAL.
Over three years, IVV compounded at +21.49% per year against +19.33% for TVAL. Across the full 3-year window we track, TVAL has the edge at +19.41% annualized vs +7.05%. 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 12.4% for TVAL. 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 -15.8% for TVAL. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TVAL charges 0.33%. On a $10,000 position that is $3 vs $33 annually, a gap of $30 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.00% for TVAL.
Holdings Overlap
IVV and TVAL share 1 holdings out of 666 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TVAL | Difference |
|---|---|---|---|
| VST | 0.08% | 0.04% | 0.04% |
Frequently Asked Questions
Which is cheaper, IVV or TVAL?
IVV has an expense ratio of 0.03% while TVAL charges 0.33%. IVV is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, IVV or TVAL?
Over the past year IVV returned +23.70% vs +34.47% for TVAL, so TVAL leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.05% vs +19.41% for TVAL. Past performance does not guarantee future results.
Which is riskier, IVV or TVAL?
IVV has been the more volatile fund at 15.1% annualized versus 12.4% for TVAL. Worst drawdown: IVV -56.5% vs TVAL -15.8%.
Should I hold both IVV and TVAL?
IVV and TVAL have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TVAL?
IVV and TVAL share 1 common holdings with a 0.0% weight overlap. Combined, they hold 666 unique securities.
Which pays a higher dividend, IVV or TVAL?
IVV yields 1.09% while TVAL yields 1.00%, so IVV 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.