IVV vs SLYV
iShares Core S&P 500 ETF vs State Street SPDR S&P 600 Small Cap Value ETF
Quick Verdict
IVV has a lower expense ratio. SLYV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SLYV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $907.0B | $5.1B | |
| Dividend Yield | 1.10% | 1.82% | |
| Holdings | 508 | 463 | |
| YTD Return | +14.29% | +23.35% | |
| 1Y Return | +21.79% | +34.21% | |
| 3Y Return (annualized) | +22.19% | +15.19% | |
| 5Y Return (annualized) | +13.28% | +8.48% | |
| Volatility (annualized) | 15.1% | 44.6% | |
| Max Drawdown | -56.5% | -63.1% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 25, 2000 |
IVV vs SLYV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 600 Small Cap Value ETF (SLYV) is a ETF from State Street Investment Management. Over the past year IVV returned +21.79% while SLYV returned +34.21%. Year to date, IVV is up 14.29% versus a gain of 23.35% for SLYV.
Over three years, IVV compounded at +22.19% per year against +15.19% for SLYV; over five years the annualized figures are +13.28% and +8.48% respectively. Across the full 26-year window we track, SLYV has the edge at +13.64% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SLYV has been the more volatile fund, with annualized monthly volatility of 44.6% 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 -63.1% for SLYV. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SLYV charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.82% for SLYV.
Holdings Overlap
IVV and SLYV share 0 holdings out of 967 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, IVV or SLYV?
IVV has an expense ratio of 0.03% while SLYV charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or SLYV?
Over the past year IVV returned +21.79% vs +34.21% for SLYV, so SLYV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.06% vs +13.64% for SLYV. Past performance does not guarantee future results.
Which is riskier, IVV or SLYV?
SLYV has been the more volatile fund at 44.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SLYV -63.1%.
Should I hold both IVV and SLYV?
IVV and SLYV have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SLYV?
IVV and SLYV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 967 unique securities.
Which pays a higher dividend, IVV or SLYV?
IVV yields 1.10% while SLYV yields 1.82%, so SLYV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.