IVV vs SPDG
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P Sector Neutral Dividend ETF
Quick Verdict
IVV has a lower expense ratio. SPDG delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.05% | |
| AUM | $865.2B | $12M | |
| Dividend Yield | 1.09% | 2.70% | |
| Holdings | 508 | 279 | |
| YTD Return | +14.50% | +17.36% | |
| 1Y Return | +22.02% | +24.11% | |
| 3Y Return (annualized) | +21.80% | +19.91% | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 11.9% | |
| Max Drawdown | -56.5% | -15.7% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 11, 2023 |
IVV vs SPDG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is a ETF from State Street Investment Management. Over the past year IVV returned +22.02% while SPDG returned +24.11%. Year to date, IVV is up 14.50% versus a gain of 17.36% for SPDG.
Over three years, IVV compounded at +21.80% per year against +19.91% for SPDG. Across the full 3-year window we track, SPDG has the edge at +19.91% annualized vs +7.07%. 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 11.9% for SPDG. 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 -15.7% for SPDG. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPDG charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.70% for SPDG.
Holdings Overlap
IVV and SPDG share 141 holdings out of 642 unique holdings combined, representing a 18.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPDG?
IVV has an expense ratio of 0.03% while SPDG charges 0.05%. IVV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, IVV or SPDG?
Over the past year IVV returned +22.02% vs +24.11% for SPDG, so SPDG leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.07% vs +19.91% for SPDG. Past performance does not guarantee future results.
Which is riskier, IVV or SPDG?
IVV has been the more volatile fund at 15.1% annualized versus 11.9% for SPDG. Worst drawdown: IVV -56.5% vs SPDG -15.7%.
Should I hold both IVV and SPDG?
IVV and SPDG have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPDG?
IVV and SPDG share 141 common holdings with a 18.6% weight overlap. Combined, they hold 642 unique securities.
Which pays a higher dividend, IVV or SPDG?
IVV yields 1.09% while SPDG yields 2.70%, so SPDG currently pays the higher dividend yield.
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