IVV vs SPBX
iShares Core S&P 500 ETF vs AllianzIM 6 Month Buffer10 Allocation ETF
Which is better, IVV or SPBX?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | SPBX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $876.4B | $87M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 7 |
| YTD Return | +12.39%Best | +8.40% |
| 1Y Return | +16.61%Best | +11.26% |
| 3Y Return (annualized) | +21.38% | - |
| 5Y Return (annualized) | +13.51% | - |
| Volatility (annualized) | 12.9% | 6.4%Best |
| Max Drawdown | -18.8% | -11.1%Best |
| $10,000 over 1.7 years | $13,208Best | $11,917 |
| Top 10 Weight | 37.8% | - |
| Fund Family | iShares by BlackRock (US) | AllianzIM |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Jan 7, 2025 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 8, 2025 to Sep 18, 2026 (1.7 years).
IVV vs SPBX 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 1.7 years both funds cover.
IVV vs SPBX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) is an ETF from AllianzIM. Over the past year IVV returned +16.61% while SPBX returned +11.26%. Year to date, IVV is up 12.39% versus a gain of 8.40% for SPBX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 6.4% for SPBX. 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 -11.1% for SPBX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 SPBX 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 SPBX.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 6 in SPBX, 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 6 in SPBX, against full books of 508 and 7.
What only one of them owns
Our book lists 6 positions for SPBX that do not appear in our book for IVV (100.0% of the fund), and 482 for IVV that do not appear in SPBX (98.6%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and SPBX 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 SPBX?
IVV has an expense ratio of 0.03% while SPBX charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, IVV or SPBX?
Over the past year IVV returned +16.61% vs +11.26% for SPBX, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +17.78% vs +10.87% for SPBX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPBX?
IVV has been the more volatile fund at 12.9% annualized versus 6.4% for SPBX. Worst drawdown: IVV -18.8% vs SPBX -11.1%.
Should I hold both IVV and SPBX?
IVV and SPBX have a monthly-return correlation of 0.98, 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 SPBX?
IVV yields 1.06% while SPBX yields 0.00%, so IVV currently pays the higher dividend yield.
Is SPBX 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 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.