IVES vs SPY
Dan IVES Wedbush AI Revolution ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IVES or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. IVES led over 1Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.9%.
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 | IVES | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $1.1B | $804.7B |
| Dividend Yield | 0.37% | 0.98% |
| Holdings | 32 | 505 |
| YTD Return | +24.50%Best | +12.19% |
| 1Y Return | +34.92%Best | +18.53% |
| 3Y Return (annualized) | - | +20.88% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 51.5% | 12.8%Best |
| Max Drawdown | -48.8% | -18.8%Best |
| $10,000 over 1.9 years | $8,139 | $13,419Best |
| Top 10 Weight | 45.9% | 38.0%Best |
| Fund Family | Wedbush Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 3, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 15, 2024 to Sep 9, 2026 (1.9 years).
IVES 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 1.9 years both funds cover.
IVES vs SPY Performance
Dan IVES Wedbush AI Revolution ETF (IVES) is an ETF from Wedbush Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IVES returned +34.92% while SPY returned +18.53%. Year to date, IVES is up 24.50% versus a gain of 12.19% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVES has been the more volatile fund, with annualized monthly volatility of 51.5% compared with 12.8% for SPY. 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 -48.8% for IVES and -18.8% 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 0.25. They move largely independently of each other.
Fees and Cost Over Time
IVES charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, IVES currently yields 0.37% against 0.98% for SPY.
Holdings Overlap
74.7% of IVES's money is in holdings SPY also owns. 39.5% of SPY's money is in holdings IVES also owns.
Most of IVES is already inside SPY. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 31 positions we hold weights for in IVES and 504 in SPY, against full books of 32 and 505.
What only one of them owns
Our book lists 476 positions for SPY that do not appear in our book for IVES (59.9% of the fund), and 9 for IVES that do not appear in SPY (16.7%).
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.
Top Shared Holdings
| Stock | Weight in IVES | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.81% | 7.71% | 2.90% |
| AAPLApple, Inc | 4.70% | 6.83% | 2.13% |
| MSFTMicrosoft Corp | 5.76% | 5.50% | 0.26% |
| AMZNAmazon.Com Inc | 4.89% | 4.08% | 0.81% |
| GOOGLAlphabet Inc,class A | 4.35% | 3.33% | 1.02% |
| AVGOBroadcom Inc | 4.20% | 2.97% | 1.23% |
| MUMicron Technology, Inc. | 4.23% | 1.51% | 2.72% |
| METAMeta Platform Inc | 3.70% | 1.94% | 1.76% |
| TSLATesla Motors Inc | 3.93% | 1.38% | 2.55% |
| PLTRPalantir Technologies Inc | 4.54% | 0.56% | 3.98% |
74.7% of IVES is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVES or SPY?
IVES has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, IVES or SPY?
Over the past year IVES returned +34.92% vs +18.53% for SPY, so IVES leads on 1-year performance. Over the longest common window we track (2 years), IVES annualized -10.27% vs +16.74% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVES or SPY?
IVES has been the more volatile fund at 51.5% annualized versus 12.8% for SPY. Worst drawdown: IVES -48.8% vs SPY -18.8%.
Should I hold both IVES and SPY?
IVES and SPY have a monthly-return correlation of 0.25, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVES and SPY?
74.7% of IVES's money is in holdings SPY also owns. 39.5% of SPY's is in holdings IVES also owns. They hold 19 positions in common, counted across the 31 positions we hold weights for in IVES and 504 in SPY.
Which pays a higher dividend, IVES or SPY?
IVES yields 0.37% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than IVES?
SPY has a lower expense ratio. IVES led over 1Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.