IVV vs SPDW
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Developed World ex-US ETF
Quick Verdict
SPDW delivered stronger 1-year returns. SPDW offers more diversification with 2348 holdings.
Side-by-Side Comparison
| Metric | IVV | SPDW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $40.0B | |
| Dividend Yield | 1.09% | 3.02% | |
| Holdings | 508 | 2,440 | |
| YTD Return | +13.72% | +17.21% | |
| 1Y Return | +21.64% | +29.13% | |
| 3Y Return (annualized) | +21.55% | +20.16% | |
| 5Y Return (annualized) | +13.27% | +9.85% | |
| Volatility (annualized) | 15.1% | 17.6% | |
| Max Drawdown | -56.5% | -62.2% | |
| Fund Family | iShares by BlackRock (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 20, 2007 |
IVV vs SPDW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Developed World ex-US ETF (SPDW) is a ETF from SPDR State Street Global Advisors. Over the past year IVV returned +21.64% while SPDW returned +29.13%. Year to date, IVV is up 13.72% versus a gain of 17.21% for SPDW.
Over three years, IVV compounded at +21.55% per year against +20.16% for SPDW; over five years the annualized figures are +13.27% and +9.85% respectively. Across the full 19-year window we track, IVV has the edge at +7.04% annualized vs +3.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDW has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -62.2% for SPDW. 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 0.88. 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 1.09% against 3.02% for SPDW.
Holdings Overlap
IVV and SPDW share 6 holdings out of 2847 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPDW?
IVV has an expense ratio of 0.03% while SPDW charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SPDW?
Over the past year IVV returned +21.64% vs +29.13% for SPDW, so SPDW leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.04% vs +3.19% for SPDW. Past performance does not guarantee future results.
Which is riskier, IVV or SPDW?
SPDW has been the more volatile fund at 17.6% annualized versus 15.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPDW?
IVV and SPDW share 6 common holdings with a 0.1% weight overlap. Combined, they hold 2847 unique securities.
Which pays a higher dividend, IVV or SPDW?
IVV yields 1.09% while SPDW yields 3.02%, so SPDW currently pays the higher dividend yield.
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