ALRG vs IVV
Allspring LT Large Core ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ALRG delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | ALRG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.03% | |
| AUM | $8M | $907.0B | |
| Dividend Yield | 0.42% | 1.10% | |
| Holdings | 50 | 508 | |
| YTD Return | +12.49% | +12.71% | |
| 1Y Return | +22.60% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 12.8% | 15.1% | |
| Max Drawdown | -9.3% | -56.5% | |
| Fund Family | Allspring Global Investments | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2025 | May 15, 2000 |
ALRG vs IVV Performance
Allspring LT Large Core ETF (ALRG) is a ETF from Allspring Global Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ALRG returned +22.60% while IVV returned +21.89%. Year to date, ALRG is up 12.49% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.8% for ALRG. 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 -9.3% for ALRG and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ALRG charges 0.28% per year while IVV charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, ALRG currently yields 0.42% against 1.10% for IVV.
Holdings Overlap
ALRG and IVV share 40 holdings out of 514 unique holdings combined, representing a 39.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ALRG or IVV?
ALRG has an expense ratio of 0.28% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, ALRG or IVV?
Over the past year ALRG returned +22.60% vs +21.89% for IVV, so ALRG leads on 1-year performance. Over the longest common window we track (1 years), ALRG annualized +23.10% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, ALRG or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.8% for ALRG. Worst drawdown: ALRG -9.3% vs IVV -56.5%.
Should I hold both ALRG and IVV?
ALRG and IVV have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between ALRG and IVV?
ALRG and IVV share 40 common holdings with a 39.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, ALRG or IVV?
ALRG yields 0.42% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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