IVV vs SPD
iShares Core S&P 500 ETF vs Simplify US Equity PLUS Downside Convexity ETF
Which is better, IVV or SPD?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | SPD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.53% |
| AUM | $876.4B | $103M |
| Dividend Yield | 1.06% | 0.95% |
| Holdings | 508 | 24 |
| YTD Return | +12.39%Best | +7.06% |
| 1Y Return | +16.61%Best | +7.48% |
| 3Y Return (annualized) | +21.38%Best | +16.77% |
| 5Y Return (annualized) | +13.51%Best | +7.76% |
| Volatility (annualized) | 15.4% | 14.1%Best |
| Max Drawdown | -24.5%Best | -27.4% |
| $10,000 over 5 years | $18,844Best | $14,531 |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Sep 3, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 4, 2020 to Sep 18, 2026 (6 years).
IVV vs SPD 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 6 years both funds cover.
IVV vs SPD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Simplify US Equity PLUS Downside Convexity ETF (SPD) is an ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +16.61% while SPD returned +7.48%. Year to date, IVV is up 12.39% versus a gain of 7.06% for SPD.
Over three years, IVV compounded at +21.38% per year against +16.77% for SPD; over five years the annualized figures are +13.51% and +7.76% respectively. Across the full 6-year window we track, IVV has the edge at +15.67% annualized vs +10.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.1% for SPD. 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 -24.5% for IVV and -27.4% for SPD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPD charges 0.53%. On a $10,000 position that is $3 vs $53 annually, a gap of $50 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.95% for SPD.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in SPD, totalling 99.3% and 0.0% 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 1 in SPD, against full books of 508 and 24.
You are not choosing between two funds in isolation.
Whichever of IVV and SPD 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 SPD?
IVV has an expense ratio of 0.03% while SPD charges 0.53%. IVV is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, IVV or SPD?
Over the past year IVV returned +16.61% vs +7.48% for SPD, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +15.67% vs +10.31% for SPD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPD?
IVV has been the more volatile fund at 15.4% annualized versus 14.1% for SPD. Worst drawdown: IVV -24.5% vs SPD -27.4%.
Should I hold both IVV and SPD?
IVV and SPD have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SPD?
IVV yields 1.06% while SPD yields 0.95%, so IVV currently pays the higher dividend yield.
Is SPD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.