IVV vs SPCZ
iShares Core S&P 500 ETF vs RiverNorth Enhanced Pre-Merger SPAC ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPCZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.90% | |
| AUM | $907.0B | $7M | |
| Dividend Yield | 1.10% | 9.67% | |
| Holdings | 508 | 171 | |
| YTD Return | +12.28% | +2.04% | |
| 1Y Return | +20.94% | -5.75% | |
| 3Y Return (annualized) | +21.81% | +2.41% | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 6.5% | |
| Max Drawdown | -56.5% | -12.3% | |
| Fund Family | iShares by BlackRock (US) | RiverNorth | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 11, 2022 |
IVV vs SPCZ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is a ETF from RiverNorth. Over the past year IVV returned +20.94% while SPCZ returned -5.75%. Year to date, IVV is up 12.28% versus a gain of 2.04% for SPCZ.
Over three years, IVV compounded at +21.81% per year against +2.41% for SPCZ. Across the full 4-year window we track, IVV has the edge at +6.98% annualized vs +3.33%. 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 6.5% for SPCZ. 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 -12.3% for SPCZ. 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 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPCZ charges 0.90%. On a $10,000 position that is $3 vs $90 annually, a gap of $87 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 9.67% for SPCZ.
Holdings Overlap
IVV and SPCZ share 1 holdings out of 591 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPCZ | Difference |
|---|---|---|---|
| STT | 0.08% | 4.79% | 4.71% |
Frequently Asked Questions
Which is cheaper, IVV or SPCZ?
IVV has an expense ratio of 0.03% while SPCZ charges 0.90%. IVV is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, IVV or SPCZ?
Over the past year IVV returned +20.94% vs -5.75% for SPCZ, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +6.98% vs +3.33% for SPCZ. Past performance does not guarantee future results.
Which is riskier, IVV or SPCZ?
IVV has been the more volatile fund at 15.1% annualized versus 6.5% for SPCZ. Worst drawdown: IVV -56.5% vs SPCZ -12.3%.
Should I hold both IVV and SPCZ?
IVV and SPCZ have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPCZ?
IVV and SPCZ share 1 common holdings with a 0.1% weight overlap. Combined, they hold 591 unique securities.
Which pays a higher dividend, IVV or SPCZ?
IVV yields 1.10% while SPCZ yields 9.67%, so SPCZ currently pays the higher dividend yield.
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