IVV vs THEQ
iShares Core S&P 500 ETF vs T. Rowe Price Hedged Equity ETF
Which is better, IVV or THEQ?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | THEQ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.46% |
| AUM | $896.5B | $38M |
| Dividend Yield | 1.10% | 0.74% |
| Holdings | 508 | 120 |
| YTD Return | +13.59%Best | +8.45% |
| 1Y Return | +17.54%Best | +10.15% |
| 3Y Return (annualized) | +22.46% | - |
| 5Y Return (annualized) | +13.28% | - |
| Volatility (annualized) | 11.7% | 7.8%Best |
| Max Drawdown | -12.4% | -8.1%Best |
| $10,000 over 1.5 years | $13,675Best | $12,159 |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Mar 26, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 27, 2025 to Oct 14, 2026 (1.5 years).
IVV vs THEQ 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 1.5 years both funds cover.
IVV vs THEQ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and T. Rowe Price Hedged Equity ETF (THEQ) is an ETF from T.Rowe Price. Over the past year IVV returned +17.54% while THEQ returned +10.15%. Year to date, IVV is up 13.59% versus a gain of 8.45% for THEQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 7.8% for THEQ. 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 -12.4% for IVV and -8.1% for THEQ. 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
IVV charges 0.03% per year while THEQ charges 0.46%. On a $10,000 position that is $3 vs $46 annually, a gap of $43 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.74% for THEQ.
Holdings Overlap
At least 56.1% of IVV's money is in holdings THEQ also owns.
Stated as a floor: for THEQ, our book for it covers 93.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
103 positions in common, counted across the 506 positions we hold weights for in IVV and 111 in THEQ, against full books of 508 and 120.
Top Shared Holdings
| Stock | Weight in IVV | Weight in THEQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 0.24% | 8.20% |
| AAPLApple, Inc | 7.29% | 0.07% | 7.22% |
| MSFTMicrosoft Corp | 5.76% | 0.26% | 5.50% |
| AVGOBroadcom Inc | 2.47% | 0.08% | 2.39% |
| GOOGAlphabet Inc. C | 2.41% | 0.10% | 2.31% |
| METAMeta Platforms Inc | 2.42% | 0.05% | 2.37% |
| MUMicron Technology, Inc. | 1.87% | 0.02% | 1.85% |
| AMDAdvanced Micro Devices Inc | 1.52% | 0.05% | 1.47% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.41% | 0.09% | 1.32% |
| LLYEli Lilly & Co. | 1.39% | 0.03% | 1.36% |
56.1% of IVV is already inside THEQ.
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, IVV or THEQ?
IVV has an expense ratio of 0.03% while THEQ charges 0.46%. IVV is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, IVV or THEQ?
Over the past year IVV returned +17.54% vs +10.15% for THEQ, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +23.20% vs +13.92% for THEQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or THEQ?
IVV has been the more volatile fund at 11.7% annualized versus 7.8% for THEQ. Worst drawdown: IVV -12.4% vs THEQ -8.1%.
Should I hold both IVV and THEQ?
IVV and THEQ 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 IVV and THEQ?
At least 56.1% of IVV's money is in holdings THEQ also owns. Our book for THEQ is partial, so the real figure is this or higher. They hold 103 positions in common, counted across the 506 positions we hold weights for in IVV and 111 in THEQ.
Which pays a higher dividend, IVV or THEQ?
IVV yields 1.10% while THEQ yields 0.74%, so IVV currently pays the higher dividend yield.
Is THEQ better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.