IDLV vs SPY
Invesco S&P International Developed Low Volatility ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IDLV or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. IDLV is less concentrated, with 7.3% of the fund in its ten largest positions against 38.0%.
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 | IDLV | SPY |
|---|---|---|
| Expense Ratio | 0.25% | 0.09%Best |
| AUM | $337M | $814.4B |
| Dividend Yield | 4.75% | 1.01% |
| Holdings | 215 | 505 |
| YTD Return | +9.00% | +13.78%Best |
| 1Y Return | +13.41% | +21.44%Best |
| 3Y Return (annualized) | +14.75% | +21.38%Best |
| 5Y Return (annualized) | +6.36% | +12.80%Best |
| Volatility (annualized) | 12.1%Best | 14.0% |
| Max Drawdown | -36.4% | -34.1%Best |
| $10,000 over 5 years | $13,611 | $18,262Best |
| Top 10 Weight | 7.3%Best | 38.0% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 13, 2012 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jan 17, 2012 to Sep 3, 2026 (14.6 years).
IDLV vs SPY 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 14.6 years both funds cover.
IDLV vs SPY Performance
Invesco S&P International Developed Low Volatility ETF (IDLV) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IDLV returned +13.41% while SPY returned +21.44%. Year to date, IDLV is up 9.00% versus a gain of 13.78% for SPY.
Over three years, IDLV compounded at +14.75% per year against +21.38% for SPY; over five years the annualized figures are +6.36% and +12.80% respectively. Across the full 15-year window we track, SPY has the edge at +13.58% annualized vs +4.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 12.1% for IDLV. 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 -36.4% for IDLV and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IDLV charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, IDLV currently yields 4.75% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 201 holdings in IDLV and 504 in SPY, totalling 99.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 201 positions we hold weights for in IDLV and 504 in SPY, against full books of 215 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for IDLV (99.5% of the fund), and 6 for IDLV that do not appear in SPY (2.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IDLV and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IDLV or SPY?
IDLV has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, IDLV or SPY?
Over the past year IDLV returned +13.41% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (15 years), IDLV annualized +4.03% vs +13.58% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IDLV or SPY?
SPY has been the more volatile fund at 14.0% annualized versus 12.1% for IDLV. Worst drawdown: IDLV -36.4% vs SPY -34.1%.
Should I hold both IDLV and SPY?
IDLV and SPY have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IDLV or SPY?
IDLV yields 4.75% while SPY yields 1.01%, so IDLV currently pays the higher dividend yield.
Is SPY better than IDLV?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. IDLV is less concentrated, with 7.3% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.