IVV vs SPCK
iShares Core S&P 500 ETF vs The SPAC and New Issue 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 | SPCK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.32% | |
| AUM | $865.2B | $8M | |
| Dividend Yield | 1.09% | 16.26% | |
| Holdings | 508 | 43 | |
| YTD Return | +13.43% | +1.65% | |
| 1Y Return | +22.61% | +4.50% | |
| 3Y Return (annualized) | +21.47% | +3.80% | |
| 5Y Return (annualized) | +13.26% | -1.28% | |
| Volatility (annualized) | 15.1% | 8.0% | |
| Max Drawdown | -56.5% | -28.3% | |
| Fund Family | iShares by BlackRock (US) | AXS Investments | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Dec 15, 2020 |
IVV vs SPCK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and The SPAC and New Issue ETF (SPCK) is a ETF from AXS Investments. Over the past year IVV returned +22.61% while SPCK returned +4.50%. Year to date, IVV is up 13.43% versus a gain of 1.65% for SPCK.
Over three years, IVV compounded at +21.47% per year against +3.80% for SPCK; over five years the annualized figures are +13.26% and -1.28% respectively. Across the full 6-year window we track, IVV has the edge at +7.03% annualized vs +1.18%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.0% for SPCK. 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 -28.3% for SPCK. 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 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPCK charges 2.32%. On a $10,000 position that is $3 vs $232 annually, a gap of $229 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 16.26% for SPCK.
Holdings Overlap
IVV and SPCK share 0 holdings out of 542 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 SPCK?
IVV has an expense ratio of 0.03% while SPCK charges 2.32%. IVV is the cheaper option. On a $10,000 investment, that is $229 per year of difference.
Which performed better, IVV or SPCK?
Over the past year IVV returned +22.61% vs +4.50% for SPCK, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.03% vs +1.18% for SPCK. Past performance does not guarantee future results.
Which is riskier, IVV or SPCK?
IVV has been the more volatile fund at 15.1% annualized versus 8.0% for SPCK. Worst drawdown: IVV -56.5% vs SPCK -28.3%.
Should I hold both IVV and SPCK?
IVV and SPCK have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPCK?
IVV and SPCK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, IVV or SPCK?
IVV yields 1.09% while SPCK yields 16.26%, so SPCK currently pays the higher dividend yield.
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