IVV vs SPBO
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Corporate Bond ETF
Which is better, IVV or SPBO?
Large Cap Blend against Long Term Mid Quality.
IVV led over 1Y, 3Y, 5Y and the full window.
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 | SPBO |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $2.1B |
| Dividend Yield | 1.06% | 5.19% |
| Holdings | 508 | 4,083 |
| YTD Return | +13.23%Best | -2.22% |
| 1Y Return | +17.38%Best | -1.42% |
| 3Y Return (annualized) | +22.67%Best | +5.10% |
| 5Y Return (annualized) | +13.13%Best | -0.49% |
| Volatility (annualized) | 14.3% | 6.1%Best |
| Max Drawdown | -33.9% | -22.4%Best |
| $10,000 over 5 years | $18,531Best | $9,757 |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term Mid Quality |
| Inception | May 15, 2000 | Apr 6, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 7, 2011 to Sep 24, 2026 (15.5 years).
IVV vs SPBO 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs SPBO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Corporate Bond ETF (SPBO) is an ETF from State Street Investment Management. Over the past year IVV returned +17.38% while SPBO returned -1.42%. Year to date, IVV is up 13.23% versus a loss of 2.22% for SPBO.
Over three years, IVV compounded at +22.67% per year against +5.10% for SPBO; over five years the annualized figures are +13.13% and -0.49% respectively. Across the full 16-year window we track, IVV has the edge at +12.56% annualized vs +0.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 6.1% for SPBO. 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 -22.4% for SPBO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while SPBO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.06% against 5.19% for SPBO.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 2 in SPBO, totalling 99.3% and 1.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 2 in SPBO, against full books of 508 and 4,083.
You are not choosing between two funds in isolation.
Whichever of IVV and SPBO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPBO?
IVV has an expense ratio of 0.03% while SPBO charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SPBO?
Over the past year IVV returned +17.38% vs -1.42% for SPBO, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +12.56% vs +0.98% for SPBO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPBO?
IVV has been the more volatile fund at 14.3% annualized versus 6.1% for SPBO. Worst drawdown: IVV -33.9% vs SPBO -22.4%.
Should I hold both IVV and SPBO?
IVV and SPBO have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SPBO?
IVV yields 1.06% while SPBO yields 5.19%, so SPBO currently pays the higher dividend yield.
Is SPBO better than IVV?
IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.