IVRS vs SPY

IVRS vs SPY

Which is better, IVRS or SPY?

Large Cap Growth against Large Cap Blend.

SPY has a lower expense ratio. SPY led over 1Y and the full window.

Lower Fees: SPYHigher Returns: SPY

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

MetricIVRSSPY
Expense Ratio0.47%0.09%Best
AUM$8M$804.7B
Dividend Yield8.57%0.98%
Holdings48505
Volatility (annualized)17.6%12.5%Best
Max Drawdown-31.4%-18.8%Best
$10,000 over 3.5 years$14,702$19,845Best
Fund FamilyiShares by BlackRock (US)State Street Investment Management
CategoryEquityEquity
StyleLarge Cap GrowthLarge Cap Blend
InceptionFeb 14, 2023Jan 22, 1993

Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.

The two price series end 29 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVRS has data through Aug 12, 2026 and SPY through Sep 10, 2026.

Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Feb 16, 2023 to Aug 12, 2026 (3.5 years).

Risk: Volatility and Drawdowns

IVRS has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 12.5% 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 -31.4% for IVRS 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 0.79. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

IVRS charges 0.47% per year while SPY charges 0.09%. On a $10,000 position that is $47 vs $9 annually, a gap of $38 per year that compounds over a long holding period. On income, IVRS currently yields 8.57% against 0.98% for SPY.

Holdings Overlap

SPY already in IVRS12.6%

At least 12.6% of SPY's money is in holdings IVRS also owns.

Stated as a floor: for IVRS, our book for it covers 93.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.

SPY and IVRS share little of their money.

13 positions in common, counted across the 37 positions we hold weights for in IVRS and 504 in SPY, against full books of 48 and 505.

Top Shared Holdings

StockWeight in IVRSWeight in SPYDifference
NVDANvidia Corp.3.11%7.71%4.60%
TTWOTake-Two Interactive Software, Inc.6.26%0.06%6.20%
HOODRobinhood Markets Inc - A4.88%0.11%4.77%
ADSKAutodesk, Inc.4.72%0.08%4.64%
METAMeta Platforms, Inc.2.66%1.94%0.72%
PTCPtc Inc4.47%0.02%4.45%
AMDAdvanced Micro Devices Inc.1.58%1.27%0.31%
INTCIntel Corp.0.87%0.72%0.15%
QCOMQualcomm Inc.0.36%0.26%0.10%
CDNSCadence Design Systems Inc.0.17%0.14%0.03%

You are not choosing between two funds in isolation.

Whichever of IVRS and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

IVRSSPY

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, IVRS or SPY?

IVRS has an expense ratio of 0.47% while SPY charges 0.09%. SPY is the cheaper option, by $38 a year on a $10,000 investment.

Which is riskier, IVRS or SPY?

IVRS has been the more volatile fund at 17.6% annualized versus 12.5% for SPY. Worst drawdown: IVRS -31.4% vs SPY -18.8%.

Should I hold both IVRS and SPY?

IVRS and SPY have a monthly-return correlation of 0.79, 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 IVRS and SPY?

At least 12.6% of SPY's money is in holdings IVRS also owns. Our book for IVRS is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 37 positions we hold weights for in IVRS and 504 in SPY.

Which pays a higher dividend, IVRS or SPY?

IVRS yields 8.57% while SPY yields 0.98%, so IVRS currently pays the higher dividend yield.

Is SPY better than IVRS?

SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.