IVV vs SPBU
iShares Core S&P 500 ETF vs AllianzIM Buffer15 Uncapped Allocation ETF
Which is better, IVV or SPBU?
Large Cap Blend against Allocation/Balanced.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 83.5%.
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 | SPBU |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $187M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 13 |
| YTD Return | +11.03%Best | +7.17% |
| 1Y Return | +15.62%Best | +10.18% |
| 3Y Return (annualized) | +20.81% | - |
| 5Y Return (annualized) | +12.61% | - |
| Volatility (annualized) | 12.2% | 9.3%Best |
| Max Drawdown | -13.7% | -8.3%Best |
| $10,000 over 1.5 years | $13,330Best | $12,165 |
| Top 10 Weight | 37.8%Best | 83.5% |
| Fund Family | iShares by BlackRock (US) | AllianzIM |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Blend | Allocation/Balanced |
| Inception | May 15, 2000 | Mar 5, 2025 |
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 6, 2025 to Sep 16, 2026 (1.5 years).
IVV vs SPBU 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 1.5 years both funds cover.
IVV vs SPBU Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) is an ETF from AllianzIM. Over the past year IVV returned +15.62% while SPBU returned +10.18%. Year to date, IVV is up 11.03% versus a gain of 7.17% for SPBU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 9.3% for SPBU. 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 -13.7% for IVV and -8.3% for SPBU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 SPBU charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for SPBU.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 12 in SPBU, totalling 99.3% and 100.0% 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 12 in SPBU, against full books of 508 and 13.
What only one of them owns
Measured across the 490 and 12 positions we hold weights for.
IVV holds 482 positions SPBU does not, 98.6% of the fund.
Largest: NVDA 8.07%, AAPL 7.02%, MSFT 5.69%, AMZN 3.84%, GOOGL 3.00%
You are not choosing between two funds in isolation.
Whichever of IVV and SPBU 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 SPBU?
IVV has an expense ratio of 0.03% while SPBU charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, IVV or SPBU?
Over the past year IVV returned +15.62% vs +10.18% for SPBU, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +21.12% vs +13.96% for SPBU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPBU?
IVV has been the more volatile fund at 12.2% annualized versus 9.3% for SPBU. Worst drawdown: IVV -13.7% vs SPBU -8.3%.
Should I hold both IVV and SPBU?
IVV and SPBU have a monthly-return correlation of 0.99, 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.
Which pays a higher dividend, IVV or SPBU?
IVV yields 1.06% while SPBU yields 0.00%, so IVV currently pays the higher dividend yield.
Is SPBU better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 83.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.