IVV vs SPAM
iShares Core S&P 500 ETF vs Themes Cybersecurity ETF
Which is better, IVV or SPAM?
SPAM has been ahead.
IVV has a lower expense ratio. SPAM led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 49.3%.
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 | SPAM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $876.4B | $5M |
| Dividend Yield | 1.06% | 0.33% |
| Holdings | 508 | 45 |
| YTD Return | +12.53% | +55.32%Best |
| 1Y Return | +15.78% | +35.08%Best |
| 3Y Return (annualized) | +22.89% | - |
| 5Y Return (annualized) | +13.77% | - |
| Volatility (annualized) | 11.8%Best | 23.0% |
| Max Drawdown | -18.8%Best | -24.0% |
| $10,000 over 2.8 years | $17,176 | $18,771Best |
| Top 10 Weight | 37.8%Best | 49.3% |
| Fund Family | iShares by BlackRock (US) | Themes ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Dec 8, 2023 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 8, 2023 to Sep 30, 2026 (2.8 years).
IVV vs SPAM 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 2.8 years both funds cover.
IVV vs SPAM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Themes Cybersecurity ETF (SPAM) is an ETF from Themes ETFs. Over the past year IVV returned +15.78% while SPAM returned +35.08%. Year to date, IVV is up 12.53% versus a gain of 55.32% for SPAM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPAM has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 11.8% 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 -18.8% for IVV and -24.0% for SPAM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while SPAM 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 0.33% for SPAM.
Holdings Overlap
1.0% of IVV's money is in holdings SPAM also owns. 22.5% of SPAM's money is in holdings IVV also owns.
SPAM and IVV share little of their money.
5 positions in common, counted across the 490 positions we hold weights for in IVV and 36 in SPAM, against full books of 508 and 45.
What only one of them owns
Our book lists 23 positions for SPAM that do not appear in our book for IVV (60.9% of the fund), and 477 for IVV that do not appear in SPAM (97.6%).
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.
22.5% of SPAM 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 SPAM?
IVV has an expense ratio of 0.03% while SPAM charges 0.35%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IVV or SPAM?
Over the past year IVV returned +15.78% vs +35.08% for SPAM, so SPAM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPAM?
SPAM has been the more volatile fund at 23.0% annualized versus 11.8% for IVV. Worst drawdown: IVV -18.8% vs SPAM -24.0%.
Should I hold both IVV and SPAM?
IVV and SPAM have a monthly-return correlation of 0.55, 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 SPAM?
22.5% of SPAM's money is in holdings IVV also owns. 22.5% of SPAM's is in holdings IVV also owns. They hold 5 positions in common, counted across the 490 positions we hold weights for in IVV and 36 in SPAM.
Which pays a higher dividend, IVV or SPAM?
IVV yields 1.06% while SPAM yields 0.33%, so IVV currently pays the higher dividend yield.
Is SPAM better than IVV?
IVV has a lower expense ratio. SPAM led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 49.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.