IVV vs SHE
iShares Core S&P 500 ETF vs State Street SPDR MSCI USA Gender Diversity ETF
Which is better, IVV or SHE?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 5Y and the full window, SHE over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.95. SHE is less concentrated, with 35.0% 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 | SHE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $329M |
| Dividend Yield | 1.06% | 1.05% |
| Holdings | 508 | 234 |
| YTD Return | +11.03% | +17.92%Best |
| 1Y Return | +15.62% | +24.90%Best |
| 3Y Return (annualized) | +20.81% | +22.19%Best |
| 5Y Return (annualized) | +12.61%Best | +9.70% |
| Volatility (annualized) | 15.1%Best | 16.4% |
| Max Drawdown | -33.9%Best | -36.2% |
| $10,000 over 5 years | $18,109Best | $15,887 |
| Top 10 Weight | 37.8% | 35.0%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 | Mar 7, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Mar 8, 2016 to Sep 16, 2026 (10.5 years).
IVV vs SHE 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 10.5 years both funds cover.
IVV vs SHE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR MSCI USA Gender Diversity ETF (SHE) is an ETF from State Street Investment Management. Over the past year IVV returned +15.62% while SHE returned +24.90%. Year to date, IVV is up 11.03% versus a gain of 17.92% for SHE.
Over three years, IVV compounded at +20.81% per year against +22.19% for SHE; over five years the annualized figures are +12.61% and +9.70% respectively. Across the full 11-year window we track, IVV has the edge at +14.36% annualized vs +10.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SHE has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -36.2% for SHE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while SHE 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 1.05% for SHE.
Holdings Overlap
44.9% of IVV's money is in holdings SHE also owns. 94.4% of SHE's money is in holdings IVV also owns.
Most of SHE is already inside IVV. Owning both mostly buys the same companies twice.
198 positions in common, counted across the 490 positions we hold weights for in IVV and 231 in SHE, against full books of 508 and 234.
What only one of them owns
Our book lists 26 positions for SHE that do not appear in our book for IVV (4.7% of the fund), and 286 for IVV that do not appear in SHE (54.0%).
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 SHE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 4.55% | 3.52% |
| MSFTMicrosoft Corp | 5.69% | 4.70% | 0.99% |
| MUMicron Technology, Inc. | 1.63% | 4.59% | 2.96% |
| AMDAdvanced Micro Devices Inc | 1.16% | 4.53% | 3.37% |
| NFLXNetflix, Inc. | 0.51% | 4.53% | 4.02% |
| JPMJpmorgan Chase | 1.44% | 3.42% | 1.98% |
| INTCIntel Corporation | 0.67% | 3.00% | 2.33% |
| XOMExxon Mobil Corp. | 1.01% | 1.72% | 0.71% |
| JNJJohnson & Johnson - Common | 0.97% | 1.76% | 0.79% |
| DISWalt Disney Co | 0.28% | 2.02% | 1.74% |
94.4% of SHE 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 SHE?
IVV has an expense ratio of 0.03% while SHE charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or SHE?
Over the past year IVV returned +15.62% vs +24.90% for SHE, so SHE leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +14.36% vs +10.31% for SHE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SHE?
SHE has been the more volatile fund at 16.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs SHE -36.2%.
Should I hold both IVV and SHE?
IVV and SHE have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and SHE?
94.4% of SHE's money is in holdings IVV also owns. 94.4% of SHE's is in holdings IVV also owns. They hold 198 positions in common, counted across the 490 positions we hold weights for in IVV and 231 in SHE.
Which pays a higher dividend, IVV or SHE?
IVV yields 1.06% while SHE yields 1.05%, so IVV currently pays the higher dividend yield.
Is SHE better than IVV?
IVV has a lower expense ratio. IVV led over 5Y and the full window, SHE over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.95. SHE is less concentrated, with 35.0% 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.