IVLU vs SPY
iShares MSCI Intl Value Factor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. IVLU delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IVLU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.31% | 0.09% | |
| AUM | $4.4B | $789.1B | |
| Dividend Yield | 3.36% | 1.01% | |
| Holdings | 368 | 505 | |
| YTD Return | +16.44% | +13.39% | |
| 1Y Return | +32.97% | +22.52% | |
| 3Y Return (annualized) | +24.96% | +21.36% | |
| 5Y Return (annualized) | +15.41% | +13.19% | |
| Volatility (annualized) | 16.2% | 15.3% | |
| Max Drawdown | -45.4% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2015 | Jan 22, 1993 |
IVLU vs SPY Performance
iShares MSCI Intl Value Factor ETF (IVLU) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IVLU returned +32.97% while SPY returned +22.52%. Year to date, IVLU is up 16.44% versus a gain of 13.39% for SPY.
Over three years, IVLU compounded at +24.96% per year against +21.36% for SPY; over five years the annualized figures are +15.41% and +13.19% respectively. Across the full 11-year window we track, SPY has the edge at +8.84% annualized vs +7.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVLU has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -45.4% for IVLU 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVLU charges 0.31% per year while SPY charges 0.09%. On a $10,000 position that is $31 vs $9 annually, a gap of $22 per year that compounds over a long holding period. On income, IVLU currently yields 3.36% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVLU or SPY?
IVLU has an expense ratio of 0.31% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVLU or SPY?
Over the past year IVLU returned +32.97% vs +22.52% for SPY, so IVLU leads on 1-year performance. Over the longest common window we track (11 years), IVLU annualized +7.39% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, IVLU or SPY?
IVLU has been the more volatile fund at 16.2% annualized versus 15.3% for SPY. Worst drawdown: IVLU -45.4% vs SPY -56.5%.
Should I hold both IVLU and SPY?
IVLU and SPY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVLU and SPY?
IVLU and SPY share 2 common holdings with a 0.3% weight overlap. Combined, they hold 845 unique securities.
Which pays a higher dividend, IVLU or SPY?
IVLU yields 3.36% while SPY yields 1.01%, so IVLU currently pays the higher dividend yield.
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