IQSU vs TSPA
NYLIM Candriam US Large Cap Equity ETF vs T Rowe Price US Equity Research ETF
Which is better, IQSU or TSPA?
Nearly the same fund. IQSU costs less.
IQSU has a lower expense ratio. IQSU led over 1Y, TSPA over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. TSPA is less concentrated, with 38.1% of the fund in its ten largest positions against 43.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IQSU | TSPA |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.34% |
| AUM | $354M | $4.7B |
| Dividend Yield | 0.91% | 0.55% |
| Holdings | 264 | 330 |
| YTD Return | +15.73%Best | +13.26% |
| 1Y Return | +20.02%Best | +17.33% |
| 3Y Return (annualized) | +19.22% | +22.25%Best |
| 5Y Return (annualized) | +11.67% | +13.59%Best |
| Volatility (annualized) | 16.7% | 15.5%Best |
| Max Drawdown | -26.8% | -24.7%Best |
| $10,000 over 5 years | $17,365 | $18,910Best |
| Top 10 Weight | 43.3% | 38.1%Best |
| Fund Family | New York Life Investments | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 17, 2019 | Jun 8, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 9, 2021 to Oct 14, 2026 (5.3 years).
IQSU vs TSPA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover.
IQSU vs TSPA Performance
NYLIM Candriam US Large Cap Equity ETF (IQSU) is an ETF from New York Life Investments and T Rowe Price US Equity Research ETF (TSPA) is an ETF from T.Rowe Price. Over the past year IQSU returned +20.02% while TSPA returned +17.33%. Year to date, IQSU is up 15.73% versus a gain of 13.26% for TSPA.
Over three years, IQSU compounded at +19.22% per year against +22.25% for TSPA; over five years the annualized figures are +11.67% and +13.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSU has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 15.5% for TSPA. 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 -26.8% for IQSU and -24.7% for TSPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IQSU charges 0.09% per year while TSPA charges 0.34%. On a $10,000 position that is $9 vs $34 annually, a gap of $25 per year that compounds over a long holding period. On income, IQSU currently yields 0.91% against 0.55% for TSPA.
Holdings Overlap
86.5% of IQSU's money is in holdings TSPA also owns. 55.9% of TSPA's money is in holdings IQSU also owns.
Most of IQSU is already inside TSPA. Owning both mostly buys the same companies twice.
166 positions in common, counted across the 269 positions we hold weights for in IQSU and 326 in TSPA, against full books of 264 and 330.
What only one of them owns
Our book lists 150 positions for TSPA that do not appear in our book for IQSU (42.6% of the fund), and 98 for IQSU that do not appear in TSPA (12.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IQSU | Weight in TSPA | Difference |
|---|---|---|---|
| AAPLApple, Inc | 10.22% | 6.74% | 3.48% |
| MSFTMicrosoft Corp | 5.46% | 5.76% | 0.30% |
| AMZNAmazon.Com Inc | 4.78% | 3.93% | 0.85% |
| GOOGLAlphabet Inc | 5.24% | 2.50% | 2.74% |
| GOOGAlphabet Inc. C | 4.53% | 3.15% | 1.38% |
| MUMicron Technology, Inc. | 3.33% | 1.68% | 1.65% |
| TSLATesla Inc | 3.40% | 1.48% | 1.92% |
| AMDAdvanced Micro Devices Inc | 3.06% | 1.29% | 1.77% |
| VVisa Inc Class A | 1.70% | 0.69% | 1.01% |
| MAMastercard Inc | 1.23% | 1.14% | 0.09% |
86.5% of IQSU is already inside TSPA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IQSU or TSPA?
IQSU has an expense ratio of 0.09% while TSPA charges 0.34%. IQSU is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, IQSU or TSPA?
Over the past year IQSU returned +20.02% vs +17.33% for TSPA, so IQSU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQSU or TSPA?
IQSU has been the more volatile fund at 16.7% annualized versus 15.5% for TSPA. Worst drawdown: IQSU -26.8% vs TSPA -24.7%.
Should I hold both IQSU and TSPA?
IQSU and TSPA have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IQSU and TSPA?
86.5% of IQSU's money is in holdings TSPA also owns. 55.9% of TSPA's is in holdings IQSU also owns. They hold 166 positions in common, counted across the 269 positions we hold weights for in IQSU and 326 in TSPA.
Which pays a higher dividend, IQSU or TSPA?
IQSU yields 0.91% while TSPA yields 0.55%, so IQSU currently pays the higher dividend yield.
Is TSPA better than IQSU?
IQSU has a lower expense ratio. IQSU led over 1Y, TSPA over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. TSPA is less concentrated, with 38.1% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.