IVV vs KCE
iShares Core S&P 500 ETF vs State Street SPDR S&P Capital Markets ETF
Which is better, IVV or KCE?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 1Y, 5Y and the full window, KCE over 3Y. KCE is less concentrated, with 18.5% of the fund in its ten largest positions against 37.8%.
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 | IVV | KCE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $876.4B | $473M |
| Dividend Yield | 1.06% | 1.57% |
| Holdings | 508 | 66 |
| YTD Return | +14.14%Best | +5.25% |
| 1Y Return | +17.30%Best | +2.80% |
| 3Y Return (annualized) | +23.04% | +23.92%Best |
| 5Y Return (annualized) | +13.63%Best | +12.69% |
| Volatility (annualized) | 15.1%Best | 23.0% |
| Max Drawdown | -56.5%Best | -74.4% |
| $10,000 over 5 years | $18,944Best | $18,173 |
| Top 10 Weight | 37.8% | 18.5%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Nov 8, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2005 to Sep 22, 2026 (20.9 years).
IVV vs KCE 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 20.9 years both funds cover.
IVV vs KCE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P Capital Markets ETF (KCE) is an ETF from State Street Investment Management. Over the past year IVV returned +17.30% while KCE returned +2.80%. Year to date, IVV is up 14.14% versus a gain of 5.25% for KCE.
Over three years, IVV compounded at +23.04% per year against +23.92% for KCE; over five years the annualized figures are +13.63% and +12.69% respectively. Across the full 21-year window we track, IVV has the edge at +9.65% annualized vs +5.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KCE has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 15.1% for IVV. 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 -56.5% for IVV and -74.4% for KCE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while KCE charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.57% for KCE.
Holdings Overlap
3.3% of IVV's money is in holdings KCE also owns. 41.2% of KCE's money is in holdings IVV also owns.
The two portfolios partly overlap.
26 positions in common, counted across the 490 positions we hold weights for in IVV and 66 in KCE, against full books of 508 and 66.
What only one of them owns
Measured across the 490 and 66 positions we hold weights for.
IVV holds 456 positions KCE does not, 95.4% of the fund.
Largest: NVDA 8.07%, AAPL 7.02%, MSFT 5.69%, AMZN 3.84%, GOOGL 3.00%
Top Shared Holdings
| Stock | Weight in IVV | Weight in KCE | Difference |
|---|---|---|---|
| SCHWSchwab Strategic T | 0.27% | 1.72% | 1.45% |
| GSGoldman Sachs Group Inc/The | 0.46% | 1.43% | 0.97% |
| BLKBlackrock Inc | 0.25% | 1.60% | 1.35% |
| BXBlackstone Group Inc. Class A | 0.16% | 1.69% | 1.53% |
| MSMorgan Stanley | 0.39% | 1.44% | 1.05% |
| HOODRobinhood Markets Inc - A | 0.13% | 1.70% | 1.57% |
| AMPAmeriprise Financial Inc | 0.08% | 1.72% | 1.64% |
| BKBank Of New York Mellon Corp | 0.17% | 1.62% | 1.45% |
| FDSFactset Research Systems Inc. | 0.02% | 1.76% | 1.74% |
| COINCoinbase Globa-A | 0.06% | 1.71% | 1.65% |
41.2% of KCE is already inside IVV.
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, IVV or KCE?
IVV has an expense ratio of 0.03% while KCE charges 0.35%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IVV or KCE?
Over the past year IVV returned +17.30% vs +2.80% for KCE, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +9.65% vs +5.82% for KCE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or KCE?
KCE has been the more volatile fund at 23.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs KCE -74.4%.
Should I hold both IVV and KCE?
IVV and KCE have a monthly-return correlation of 0.86, 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 IVV and KCE?
41.2% of KCE's money is in holdings IVV also owns. 41.2% of KCE's is in holdings IVV also owns. They hold 26 positions in common, counted across the 490 positions we hold weights for in IVV and 66 in KCE.
Which pays a higher dividend, IVV or KCE?
IVV yields 1.06% while KCE yields 1.57%, so KCE currently pays the higher dividend yield.
Is KCE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 5Y and the full window, KCE over 3Y. KCE is less concentrated, with 18.5% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.