IVV vs SPDV
iShares Core S&P 500 ETF vs AAM S&P 500 High Dividend Value ETF
Which is better, IVV or SPDV?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SPDV over 1Y. SPDV is less concentrated, with 21.4% of the fund in its ten largest positions against 37.8%.
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 | SPDV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.29% |
| AUM | $876.4B | $106M |
| Dividend Yield | 1.06% | 3.23% |
| Holdings | 508 | 52 |
| YTD Return | +13.32% | +16.16%Best |
| 1Y Return | +17.08% | +18.84%Best |
| 3Y Return (annualized) | +22.72%Best | +17.65% |
| 5Y Return (annualized) | +13.20%Best | +10.03% |
| Volatility (annualized) | 16.3%Best | 18.3% |
| Max Drawdown | -33.9%Best | -45.4% |
| $10,000 over 5 years | $18,588Best | $16,127 |
| Top 10 Weight | 37.8% | 21.4%Best |
| Fund Family | iShares by BlackRock (US) | Advisors Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Nov 28, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 29, 2017 to Sep 23, 2026 (8.8 years).
IVV vs SPDV 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 8.8 years both funds cover.
IVV vs SPDV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and AAM S&P 500 High Dividend Value ETF (SPDV) is an ETF from Advisors Asset Management, Inc.. Over the past year IVV returned +17.08% while SPDV returned +18.84%. Year to date, IVV is up 13.32% versus a gain of 16.16% for SPDV.
Over three years, IVV compounded at +22.72% per year against +17.65% for SPDV; over five years the annualized figures are +13.20% and +10.03% respectively. Across the full 9-year window we track, IVV has the edge at +13.93% annualized vs +7.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDV has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 16.3% 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 -33.9% for IVV and -45.4% for SPDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 3.23% for SPDV.
Holdings Overlap
4.5% of IVV's money is in holdings SPDV also owns. 96.9% of SPDV's money is in holdings IVV also owns.
Most of SPDV is already inside IVV. Owning both mostly buys the same companies twice.
53 positions in common, counted across the 490 positions we hold weights for in IVV and 56 in SPDV, against full books of 508 and 52.
What only one of them owns
Our book lists 2 positions for SPDV that do not appear in our book for IVV (3.1% of the fund), and 431 for IVV that do not appear in SPDV (94.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPDV | Difference |
|---|---|---|---|
| CTSHCognizant Technology Solutions Corp. Class A | 0.05% | 2.56% | 2.51% |
| ACN:IEAccenture PLC Cl A | 0.18% | 2.34% | 2.16% |
| VZVerizon Communic | 0.32% | 1.98% | 1.66% |
| PFEPfizer Inc | 0.24% | 2.01% | 1.77% |
| TBBAt&t Inc | 0.27% | 1.97% | 1.70% |
| HPQHp Inc. | 0.04% | 2.18% | 2.14% |
| BRBroadridge Financial Solutions, Inc. | 0.03% | 2.18% | 2.15% |
| ADPAutomatic Data Processing, Inc. | 0.17% | 2.03% | 1.86% |
| APAApa Corp | 0.02% | 2.14% | 2.12% |
| BMYBristol-Myers Squibb Co. | 0.21% | 1.92% | 1.71% |
96.9% of SPDV is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $26 a year on a $10,000 investment.
Which performed better, IVV or SPDV?
Over the past year IVV returned +17.08% vs +18.84% for SPDV, so SPDV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +13.93% vs +7.77% for SPDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPDV?
SPDV has been the more volatile fund at 18.3% annualized versus 16.3% for IVV. Worst drawdown: IVV -33.9% vs SPDV -45.4%.
Should I hold both IVV and SPDV?
IVV and SPDV have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and SPDV?
96.9% of SPDV's money is in holdings IVV also owns. 96.9% of SPDV's is in holdings IVV also owns. They hold 53 positions in common, counted across the 490 positions we hold weights for in IVV and 56 in SPDV.
Which pays a higher dividend, IVV or SPDV?
IVV yields 1.06% while SPDV yields 3.23%, so SPDV currently pays the higher dividend yield.
Is SPDV better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SPDV over 1Y. SPDV is less concentrated, with 21.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.