IVV vs KCE
iShares Core S&P 500 ETF vs State Street SPDR S&P Capital Markets ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | KCE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $865.2B | $460M | |
| Dividend Yield | 1.09% | 1.82% | |
| Holdings | 508 | 67 | |
| YTD Return | +13.80% | +8.94% | |
| 1Y Return | +23.01% | +8.73% | |
| 3Y Return (annualized) | +21.77% | +24.60% | |
| 5Y Return (annualized) | +13.39% | +12.80% | |
| Volatility (annualized) | 15.1% | 22.9% | |
| Max Drawdown | -56.5% | -74.4% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 8, 2005 |
IVV vs KCE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P Capital Markets ETF (KCE) is a ETF from State Street Investment Management. Over the past year IVV returned +23.01% while KCE returned +8.73%. Year to date, IVV is up 13.80% versus a gain of 8.94% for KCE.
Over three years, IVV compounded at +21.77% per year against +24.60% for KCE; over five years the annualized figures are +13.39% and +12.80% respectively. Across the full 21-year window we track, IVV has the edge at +7.04% annualized vs +6.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KCE has been the more volatile fund, with annualized monthly volatility of 22.9% 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 1.09% against 1.82% for KCE.
Holdings Overlap
IVV and KCE share 1 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in KCE | Difference |
|---|---|---|---|
| IVZ | 0.02% | 1.54% | 1.52% |
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. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or KCE?
Over the past year IVV returned +23.01% vs +8.73% for KCE, so IVV leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.04% vs +6.03% for KCE. Past performance does not guarantee future results.
Which is riskier, IVV or KCE?
KCE has been the more volatile fund at 22.9% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KCE?
IVV and KCE share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, IVV or KCE?
IVV yields 1.09% while KCE yields 1.82%, so KCE currently pays the higher dividend yield.
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