IVV vs SPDW
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Developed World ex-US ETF
Which is better, IVV or SPDW?
Each has led over a different period.
IVV led over 3Y, 5Y and the full window, SPDW over 1Y. SPDW is less concentrated, with 12.6% of the fund in its ten largest positions against 38.1%.
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 | SPDW |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $882.6B | $41.1B |
| Dividend Yield | 1.06% | 2.92% |
| Holdings | 508 | 2,440 |
| YTD Return | +14.82%Best | +12.16% |
| 1Y Return | +18.68% | +20.14%Best |
| 3Y Return (annualized) | +23.30%Best | +20.46% |
| 5Y Return (annualized) | +13.99%Best | +9.69% |
| Volatility (annualized) | 15.5%Best | 17.5% |
| Max Drawdown | -56.5%Best | -62.2% |
| $10,000 over 5 years | $19,246Best | $15,879 |
| Top 10 Weight | 38.1% | 12.6%Best |
| Fund Family | iShares by BlackRock (US) | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Apr 20, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Apr 26, 2007 to Oct 12, 2026 (19.5 years).
IVV vs SPDW 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 19.5 years both funds cover.
IVV vs SPDW Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is an ETF from SPDR State Street Global Advisors. Over the past year IVV returned +18.68% while SPDW returned +20.14%. Year to date, IVV is up 14.82% versus a gain of 12.16% for SPDW.
Over three years, IVV compounded at +23.30% per year against +20.46% for SPDW; over five years the annualized figures are +13.99% and +9.69% respectively. Across the full 20-year window we track, IVV has the edge at +9.30% annualized vs +2.93%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDW has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.5% 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 -62.2% for SPDW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPDW charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.06% against 2.92% for SPDW.
Holdings Overlap
0.3% of IVV's money is in holdings SPDW also owns. 0.1% of SPDW's money is in holdings IVV also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
4 positions in common, counted across the 505 positions we hold weights for in IVV and 2,395 in SPDW, against full books of 508 and 2,440.
What only one of them owns
Our book lists 53 positions for SPDW that do not appear in our book for IVV (6.8% of the fund), and 493 for IVV that do not appear in SPDW (99.0%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and SPDW 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 SPDW?
IVV has an expense ratio of 0.03% while SPDW charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SPDW?
Over the past year IVV returned +18.68% vs +20.14% for SPDW, so SPDW leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.30% vs +2.93% for SPDW. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPDW?
SPDW has been the more volatile fund at 17.5% annualized versus 15.5% for IVV. Worst drawdown: IVV -56.5% vs SPDW -62.2%.
Should I hold both IVV and SPDW?
IVV and SPDW have a monthly-return correlation of 0.88, 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 SPDW?
IVV yields 1.06% while SPDW yields 2.92%, so SPDW currently pays the higher dividend yield.
Is SPDW better than IVV?
IVV led over 3Y, 5Y and the full window, SPDW over 1Y. SPDW is less concentrated, with 12.6% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.