TDAX vs. IVV

Last updated Jun 4, 2026

TDAX (TDAQ Lift ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - TDAX is a Leveraged Equities fund actively managed by TappAlpha, while IVV is a S&P 500 fund tracking the S&P 500 Index. TDAX is actively managed, while IVV is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. TDAX charges 0.98%/yr vs 0.03%/yr for IVV.

Performance

TDAX vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TDAQ Lift ETF (TDAX) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDAX

• 1D: -0.07%
• 1M: 13.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVV

• 1D: -0.76%
• 1M: 4.97%
• YTD: 10.85%
• 6M: 10.87%
• 1Y: 28.00%
• 3Y*: 22.43%
• 5Y*: 13.88%
• 10Y*: 15.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDAX vs. IVV - Yearly Performance Comparison

	2026 (YTD)
TDAX TDAQ Lift ETF	21.51%
IVV iShares Core S&P 500 ETF	9.62%

Correlation

The correlation between TDAX and IVV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.93

Return for Risk

TDAX vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVV

IVV Risk / Return Rank: 70
IVV Sharpe Ratio Rank: 71
IVV Sortino Ratio Rank: 70
IVV Omega Ratio Rank: 70
IVV Calmar Ratio Rank: 62
IVV Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDAX vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) and iShares Core S&P 500 ETF (IVV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TDAX	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	0.45	+2.20

Drawdowns

TDAX vs. IVV - Drawdown Comparison

The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for TDAX and IVV.

Drawdown Indicators

	TDAX	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-55.25%	+40.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-0.07%	-0.76%	+0.69%
Average Drawdown Average peak-to-trough decline	-3.71%	-10.78%	+7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	TDAX	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.71%	11.80%	+11.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	16.88%	+6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	18.05%	+5.66%

TDAX vs. IVV - Expense Ratio Comparison

TDAX has a 0.98% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

TDAX vs. IVV - Dividend Comparison

TDAX's dividend yield for the trailing twelve months is around 7.40%, more than IVV's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.06%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
TDAX TDAQ Lift ETF	7.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDAX and IVV in my portfolio?

With a correlation of 0.93, TDAX and IVV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TDAX or IVV?

On fees, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDAX or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.98% for TDAX.

Which ETF pays a higher dividend yield, TDAX or IVV?

TDAX has the higher dividend yield at 7.40%, compared with 1.06% for IVV.

What is the main difference between TDAX and IVV?

TDAX is categorized as Leveraged Equities, while IVV is S&P 500. They also come from different issuers: TappAlpha and iShares. Their fees differ too: 0.98% for TDAX and 0.03% for IVV.