IVV vs SPDV
iShares Core S&P 500 ETF vs AAM S&P 500 High Dividend Value ETF
Quick Verdict
IVV has a lower expense ratio. SPDV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPDV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $886.7B | $106M | |
| Dividend Yield | 1.10% | 3.23% | |
| Holdings | 508 | 52 | |
| YTD Return | +12.92% | +20.71% | |
| 1Y Return | +21.22% | +24.72% | |
| 3Y Return (annualized) | +20.95% | +17.45% | |
| 5Y Return (annualized) | +12.76% | +10.49% | |
| Volatility (annualized) | 15.1% | 18.4% | |
| Max Drawdown | -56.5% | -45.4% | |
| Fund Family | iShares by BlackRock (US) | Advisors Asset Management, Inc. | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 28, 2017 |
IVV vs SPDV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and AAM S&P 500 High Dividend Value ETF (SPDV) is a ETF from Advisors Asset Management, Inc.. Over the past year IVV returned +21.22% while SPDV returned +24.72%. Year to date, IVV is up 12.92% versus a gain of 20.71% for SPDV.
Over three years, IVV compounded at +20.95% per year against +17.45% for SPDV; over five years the annualized figures are +12.76% and +10.49% respectively. Across the full 9-year window we track, SPDV has the edge at +8.30% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDV has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.1% for IVV. 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 -45.4% for SPDV. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPDV charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.23% for SPDV.
Holdings Overlap
IVV and SPDV share 54 holdings out of 506 unique holdings combined, representing a 4.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPDV?
IVV has an expense ratio of 0.03% while SPDV charges 0.29%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IVV or SPDV?
Over the past year IVV returned +21.22% vs +24.72% for SPDV, so SPDV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.00% vs +8.30% for SPDV. Past performance does not guarantee future results.
Which is riskier, IVV or SPDV?
SPDV has been the more volatile fund at 18.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPDV -45.4%.
Should I hold both IVV and SPDV?
IVV and SPDV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPDV?
IVV and SPDV share 54 common holdings with a 4.3% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SPDV?
IVV yields 1.10% while SPDV yields 3.23%, so SPDV currently pays the higher dividend yield.
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