IVV vs ONEY
iShares Core S&P 500 ETF vs State Street SPDR Russell 1000 Yield Focus ETF
Which is better, IVV or ONEY?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. ONEY is less concentrated, with 17.9% 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 | ONEY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $677M |
| Dividend Yield | 1.06% | 2.74% |
| Holdings | 508 | 303 |
| YTD Return | +12.39% | +13.97%Best |
| 1Y Return | +16.61%Best | +16.45% |
| 3Y Return (annualized) | +21.38%Best | +14.01% |
| 5Y Return (annualized) | +13.51%Best | +9.91% |
| Volatility (annualized) | 15.1%Best | 18.9% |
| Max Drawdown | -33.9%Best | -47.5% |
| $10,000 over 5 years | $18,844Best | $16,039 |
| Top 10 Weight | 37.8% | 17.9%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Dec 2, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Dec 3, 2015 to Sep 18, 2026 (10.8 years).
IVV vs ONEY 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 10.8 years both funds cover.
IVV vs ONEY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Russell 1000 Yield Focus ETF (ONEY) is an ETF from State Street Investment Management. Over the past year IVV returned +16.61% while ONEY returned +16.45%. Year to date, IVV is up 12.39% versus a gain of 13.97% for ONEY.
Over three years, IVV compounded at +21.38% per year against +14.01% for ONEY; over five years the annualized figures are +13.51% and +9.91% respectively. Across the full 11-year window we track, IVV has the edge at +13.72% annualized vs +9.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEY has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -33.9% for IVV and -47.5% for ONEY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while ONEY charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.74% for ONEY.
Holdings Overlap
5.4% of IVV's money is in holdings ONEY also owns. 65.7% of ONEY's money is in holdings IVV also owns.
The two portfolios partly overlap.
127 positions in common, counted across the 490 positions we hold weights for in IVV and 297 in ONEY, against full books of 508 and 303.
What only one of them owns
Our book lists 163 positions for ONEY that do not appear in our book for IVV (32.1% of the fund), and 355 for IVV that do not appear in ONEY (93.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in ONEY | Difference |
|---|---|---|---|
| PGRProgressive Corporation | 0.19% | 3.59% | 3.40% |
| CMCSAComcast Corp-class A Cmcsa | 0.14% | 2.34% | 2.20% |
| ALLAllstate Corp. | 0.10% | 1.88% | 1.78% |
| EOGEog Resources Inc | 0.12% | 1.45% | 1.33% |
| OKEOneok Inc. | 0.09% | 1.45% | 1.36% |
| UPSUnited Parcel Service, Inc | 0.12% | 1.41% | 1.29% |
| CICigna Corp. | 0.11% | 1.40% | 1.29% |
| TGTTarget Corp Common Stock Usd.0833 | 0.11% | 1.15% | 1.04% |
| MOAltria Group Inc | 0.17% | 0.95% | 0.78% |
| DVNDevon Energy Corporation | 0.08% | 1.00% | 0.92% |
65.7% of ONEY 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.
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Frequently Asked Questions
Which is cheaper, IVV or ONEY?
IVV has an expense ratio of 0.03% while ONEY charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or ONEY?
Over the past year IVV returned +16.61% vs +16.45% for ONEY, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +13.72% vs +9.02% for ONEY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or ONEY?
ONEY has been the more volatile fund at 18.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs ONEY -47.5%.
Should I hold both IVV and ONEY?
IVV and ONEY have a monthly-return correlation of 0.82, 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 ONEY?
65.7% of ONEY's money is in holdings IVV also owns. 65.7% of ONEY's is in holdings IVV also owns. They hold 127 positions in common, counted across the 490 positions we hold weights for in IVV and 297 in ONEY.
Which pays a higher dividend, IVV or ONEY?
IVV yields 1.06% while ONEY yields 2.74%, so ONEY currently pays the higher dividend yield.
Is ONEY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. ONEY is less concentrated, with 17.9% 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.