IVV vs SPD
iShares Core S&P 500 ETF vs Simplify US Equity PLUS Downside Convexity 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 | SPD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.53% | |
| AUM | $865.2B | $104M | |
| Dividend Yield | 1.09% | 0.97% | |
| Holdings | 508 | 14 | |
| YTD Return | +13.80% | +10.58% | |
| 1Y Return | +23.70% | +15.55% | |
| 3Y Return (annualized) | +21.49% | +17.45% | |
| 5Y Return (annualized) | +13.43% | +8.15% | |
| Volatility (annualized) | 15.1% | 14.2% | |
| Max Drawdown | -56.5% | -27.4% | |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 3, 2020 |
IVV vs SPD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Simplify US Equity PLUS Downside Convexity ETF (SPD) is a ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +23.70% while SPD returned +15.55%. Year to date, IVV is up 13.80% versus a gain of 10.58% for SPD.
Over three years, IVV compounded at +21.49% per year against +17.45% for SPD; over five years the annualized figures are +13.43% and +8.15% respectively. Across the full 6-year window we track, SPD has the edge at +11.13% annualized vs +7.05%. 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 14.2% 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 -56.5% for IVV and -27.4% for SPD. 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 0.84. 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 1.09% against 0.97% for SPD.
Holdings Overlap
IVV and SPD share 0 holdings out of 506 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 SPD?
IVV has an expense ratio of 0.03% while SPD charges 0.53%. IVV is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, IVV or SPD?
Over the past year IVV returned +23.70% vs +15.55% for SPD, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.05% vs +11.13% for SPD. Past performance does not guarantee future results.
Which is riskier, IVV or SPD?
IVV has been the more volatile fund at 15.1% annualized versus 14.2% for SPD. Worst drawdown: IVV -56.5% vs SPD -27.4%.
Should I hold both IVV and SPD?
IVV and SPD have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPD?
IVV and SPD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SPD?
IVV yields 1.09% while SPD yields 0.97%, so IVV currently pays the higher dividend yield.
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