IVV vs SPBX
iShares Core S&P 500 ETF vs AllianzIM 6 Month Buffer10 Allocation ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPBX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $68M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 7 | |
| YTD Return | +14.50% | +8.45% | |
| 1Y Return | +22.02% | +12.73% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 6.6% | |
| Max Drawdown | -56.5% | -11.1% | |
| Fund Family | iShares by BlackRock (US) | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 7, 2025 |
IVV vs SPBX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) is a ETF from AllianzIM. Over the past year IVV returned +22.02% while SPBX returned +12.73%. Year to date, IVV is up 14.50% versus a gain of 8.45% for SPBX.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.6% 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 -56.5% for IVV and -11.1% for SPBX. 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 0.97. 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 1.09% against 0.00% for SPBX.
Holdings Overlap
IVV and SPBX share 0 holdings out of 511 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 SPBX?
IVV has an expense ratio of 0.03% while SPBX charges 0.79%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, IVV or SPBX?
Over the past year IVV returned +22.02% vs +12.73% for SPBX, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.07% vs +11.61% for SPBX. Past performance does not guarantee future results.
Which is riskier, IVV or SPBX?
IVV has been the more volatile fund at 15.1% annualized versus 6.6% for SPBX. Worst drawdown: IVV -56.5% vs SPBX -11.1%.
Should I hold both IVV and SPBX?
IVV and SPBX have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and SPBX?
IVV and SPBX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, IVV or SPBX?
IVV yields 1.09% while SPBX yields 0.00%, so IVV currently pays the higher dividend yield.
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