IVV vs SPEU
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Europe ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. SPEU offers more diversification with 1664 holdings.
Side-by-Side Comparison
| Metric | IVV | SPEU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.07% | |
| AUM | $865.2B | $714M | |
| Dividend Yield | 1.09% | 3.44% | |
| Holdings | 508 | 1,737 | |
| YTD Return | +14.50% | +10.80% | |
| 1Y Return | +22.02% | +20.55% | |
| 3Y Return (annualized) | +21.80% | +17.80% | |
| 5Y Return (annualized) | +13.37% | +8.86% | |
| Volatility (annualized) | 15.1% | 18.1% | |
| Max Drawdown | -56.5% | -64.5% | |
| Fund Family | iShares by BlackRock (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 15, 2002 |
IVV vs SPEU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Europe ETF (SPEU) is a ETF from SPDR State Street Global Advisors. Over the past year IVV returned +22.02% while SPEU returned +20.55%. Year to date, IVV is up 14.50% versus a gain of 10.80% for SPEU.
Over three years, IVV compounded at +21.80% per year against +17.80% for SPEU; over five years the annualized figures are +13.37% and +8.86% respectively. Across the full 24-year window we track, IVV has the edge at +7.07% annualized vs +4.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPEU has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -64.5% for SPEU. 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPEU charges 0.07%. On a $10,000 position that is $3 vs $7 annually, a gap of $4 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.44% for SPEU.
Holdings Overlap
IVV and SPEU share 4 holdings out of 2165 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPEU?
IVV has an expense ratio of 0.03% while SPEU charges 0.07%. IVV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, IVV or SPEU?
Over the past year IVV returned +22.02% vs +20.55% for SPEU, so IVV leads on 1-year performance. Over the longest common window we track (24 years), IVV annualized +7.07% vs +4.12% for SPEU. Past performance does not guarantee future results.
Which is riskier, IVV or SPEU?
SPEU has been the more volatile fund at 18.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPEU -64.5%.
Should I hold both IVV and SPEU?
IVV and SPEU have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPEU?
IVV and SPEU share 4 common holdings with a 0.2% weight overlap. Combined, they hold 2165 unique securities.
Which pays a higher dividend, IVV or SPEU?
IVV yields 1.09% while SPEU yields 3.44%, so SPEU currently pays the higher dividend yield.
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