IVSS vs SPY
Applied Finance IVS US SMID ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVSS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.09% | |
| AUM | $29M | $821.1B | |
| Dividend Yield | 0.06% | 1.01% | |
| Holdings | 355 | 505 | |
| YTD Return | +21.00% | +13.17% | |
| 1Y Return | - | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -8.3% | -56.5% | |
| Fund Family | Applied Finance Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 3, 2025 | Jan 22, 1993 |
IVSS vs SPY Performance
Applied Finance IVS US SMID ETF (IVSS) is a ETF from Applied Finance Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, IVSS is up 21.00% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -8.3% for IVSS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
IVSS charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, IVSS currently yields 0.06% against 1.01% for SPY.
Holdings Overlap
IVSS and SPY share 0 holdings out of 869 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVSS or SPY?
IVSS has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
What is the holdings overlap between IVSS and SPY?
IVSS and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 869 unique securities.
Which pays a higher dividend, IVSS or SPY?
IVSS yields 0.06% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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