Data as of Oct 27, 2026.
IVV vs TOAK: Differences, Returns & Fees
Over the year to Oct 27, 2026, IVV returned +13.6% to TOAK's +3.6%, and IVV charges 0.03% to TOAK's 0.26%.
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Net assets: $880.6bn on Oct 26, 2026 for iShares Core S&P 500 ETF, and $90m on May 31, 2026 for Manager Directed Portfolios Twin Oak Short Horizon Absolute Return ETF.
Pair scorecard
IVV costs 0.23 points a year less; their one-year returns differ by 10.0 points.
| Measure | IVV | TOAK |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.6% | +3.6% |
| Total return, 52 weeks | +3.6% | |
| Against its benchmark | ||
| What it tracks | S&P 500 | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 0.1 points behind | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.26% |
| Net assets, IVV as of Oct 26, 2026 and TOAK as of May 31, 2026 | $880.6bn | $90m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 37.9% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.17 | |
| Beta to the S&P 500 | +0.04: about 0.04% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.02% | |
| Down-week capture | 1.9% | |
| Weeks the S&P 500 fell | 25 of 52, by 1.10% on average | |
Side by side
IVV and TOAK on the fields both publish, as of Oct 27, 2026. Source: ETFIQ.
IVV
IVV tracks the S&P 500. Over the year to Oct 27, 2026 it returned +13.6% with distributions reinvested, against +13.5% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 26, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 37.9%.
TOAK
TOAK is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Oct 27, 2026, its weekly returns had a correlation of +0.17 with the S&P 500’s and a beta of +0.04, so for each 1% the index moved it moved about 0.04% the same way. The S&P 500 fell in 25 of those 52 weeks, by 1.10% on average. In the same weeks TOAK fell 0.02% on average, a down-week capture of 1.9%. Over the same 52 weeks TOAK returned +3.6% and a Treasury bill fund +3.7%, so it finished 0.1 percentage points behind cash.
Questions people ask
- Are IVV and TOAK in the same category?
- IVV is a stock ETF and TOAK is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, IVV or TOAK?
- In the year to Oct 27, 2026, with distributions reinvested, IVV returned +13.6% and TOAK +3.6%.
- Which is cheaper, IVV or TOAK?
- IVV is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, IVV against TOAK, data as of Oct 27, 2026. https://etfiq.com/compare/any/ivv-vs-toak
ETFIQ. (Oct 27, 2026). IVV against TOAK. Retrieved from https://etfiq.com/compare/any/ivv-vs-toak
[IVV against TOAK (ETFIQ, Oct 27, 2026)](https://etfiq.com/compare/any/ivv-vs-toak)
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