IVES vs SPY
Dan IVES Wedbush AI Revolution ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IVES delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVES | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $1.1B | $821.1B | |
| Dividend Yield | 0.37% | 1.01% | |
| Holdings | 31 | 505 | |
| YTD Return | +20.81% | +13.17% | |
| 1Y Return | +40.80% | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 52.9% | 15.3% | |
| Max Drawdown | -48.8% | -56.5% | |
| Fund Family | Wedbush Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 3, 2025 | Jan 22, 1993 |
IVES vs SPY Performance
Dan IVES Wedbush AI Revolution ETF (IVES) is a ETF from Wedbush Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IVES returned +40.80% while SPY returned +21.53%. Year to date, IVES is up 20.81% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
IVES has been the more volatile fund, with annualized monthly volatility of 52.9% compared with 15.3% 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 -56.5% for SPY. 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.01% for SPY.
Holdings Overlap
IVES and SPY share 19 holdings out of 516 unique holdings combined, representing a 35.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $66 per year of difference.
Which performed better, IVES or SPY?
Over the past year IVES returned +40.80% vs +21.53% for SPY, so IVES leads on 1-year performance. Over the longest common window we track (2 years), IVES annualized -12.02% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, IVES or SPY?
IVES has been the more volatile fund at 52.9% annualized versus 15.3% for SPY. Worst drawdown: IVES -48.8% vs SPY -56.5%.
Should I hold both IVES and SPY?
IVES and SPY have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVES and SPY?
IVES and SPY share 19 common holdings with a 35.2% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVES or SPY?
IVES yields 0.37% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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