IVE vs TVAL: Differences, Returns & Fees
IVE and TVAL hold 40% of their weight in the same names, and TVAL returned +26.8% over the year. Net assets on Oct 9, 2026: $49.3bn for iShares S&P 500 Value ETF and $1.1bn for T. Rowe Price Value ETF.
IVE costs 0.15 points a year less; their one-year returns differ by 12.4 points; IVE is far larger, $49.3bn against $1.1bn.
| IVE | TVAL | |
|---|---|---|
| Expense ratio | 0.18% | 0.33% |
| Net assets | $49.3bn | $1.1bn |
| Total return, 1 year | +14.4% | +26.8% |
| What it tracks | S&P 500 Value Index | No index, actively managed |
| Holdings in common | 40% | |
| Top ten holdings, share of the fund | 24.7% | 23.0% |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, IVE and TVAL hold 40% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 9, 2026.
half
40% in common
On the same fields
IVE and TVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About IVE
IVE tracks an index. Over the year to Oct 9, 2026 it returned +14.4% with distributions reinvested, against +14.5% for its benchmark, the S&P 500 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 437 positions, with the top ten at 24.7%.
About TVAL
TVAL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 158 positions, with the top ten at 23.0%.
Over the year to Oct 9, 2026 it returned +26.8% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.
Questions people ask
- Which returned more over the last year, IVE or TVAL?
- In the year to Oct 9, 2026, with distributions reinvested, IVE returned +14.4% and TVAL +26.8%.
- Which is cheaper, IVE or TVAL?
- IVE is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IVE against TVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/ive-vs-tval
ETFIQ. (Oct 9, 2026). IVE against TVAL. Retrieved from https://etfiq.com/compare/any/ive-vs-tval
[IVE against TVAL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/ive-vs-tval)
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