IVV vs LTPZ
iShares Core S&P 500 ETF vs PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
Which is better, IVV or LTPZ?
Large Cap Blend against US Inflation Protection.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 79.0%.
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 | IVV | LTPZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $896.5B | $1.1B |
| Dividend Yield | 1.10% | 6.86% |
| Holdings | 508 | 43 |
| YTD Return | +13.59%Best | -7.04% |
| 1Y Return | +17.54%Best | -10.01% |
| 3Y Return (annualized) | +22.46%Best | +0.84% |
| 5Y Return (annualized) | +13.28%Best | -8.21% |
| Volatility (annualized) | 14.3% | 11.9%Best |
| Max Drawdown | -33.9%Best | -41.0% |
| $10,000 over 5 years | $18,654Best | $6,516 |
| Top 10 Weight | 38.9%Best | 79.0% |
| Fund Family | iShares by BlackRock (US) | PIMCO (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | US Inflation Protection |
| Inception | May 15, 2000 | Sep 3, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Sep 8, 2009 to Oct 14, 2026 (17.1 years).
IVV vs LTPZ 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 17.1 years both funds cover.
IVV vs LTPZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and PIMCO 15+ Year US TIPS Index Exchange-Traded Fund (LTPZ) is an ETF from PIMCO (US). Over the past year IVV returned +17.54% while LTPZ returned -10.01%. Year to date, IVV is up 13.59% versus a loss of 7.04% for LTPZ.
Over three years, IVV compounded at +22.46% per year against +0.84% for LTPZ; over five years the annualized figures are +13.28% and -8.21% respectively. Across the full 17-year window we track, IVV has the edge at +13.02% annualized vs +1.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 11.9% for LTPZ. 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 -33.9% for IVV and -41.0% for LTPZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while LTPZ charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.86% for LTPZ.
Holdings Overlap
We hold position weights for 506 holdings in IVV and 14 in LTPZ, totalling 99.9% and 96.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 506 positions we hold weights for in IVV and 14 in LTPZ, against full books of 508 and 43.
What only one of them owns
Our book lists 14 positions for LTPZ that do not appear in our book for IVV (96.5% of the fund), and 500 for IVV that do not appear in LTPZ (99.4%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and LTPZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or LTPZ?
IVV has an expense ratio of 0.03% while LTPZ charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or LTPZ?
Over the past year IVV returned +17.54% vs -10.01% for LTPZ, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +13.02% vs +1.07% for LTPZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or LTPZ?
IVV has been the more volatile fund at 14.3% annualized versus 11.9% for LTPZ. Worst drawdown: IVV -33.9% vs LTPZ -41.0%.
Should I hold both IVV and LTPZ?
IVV and LTPZ have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or LTPZ?
IVV yields 1.10% while LTPZ yields 6.86%, so LTPZ currently pays the higher dividend yield.
Is LTPZ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 79.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.