IVV vs SPHB
iShares Core S&P 500 ETF vs Invesco S&P 500 High Beta ETF
Which is better, IVV or SPHB?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 5Y and the full window, SPHB over 1Y and 3Y. SPHB is less concentrated, with 18.7% of the fund in its ten largest positions against 37.3%.
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 | SPHB |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.25% |
| AUM | $879.1B | $818M |
| Dividend Yield | 1.09% | 0.52% |
| Holdings | 509 | 103 |
| YTD Return | +11.33% | +12.66%Best |
| 1Y Return | +13.50% | +21.29%Best |
| 3Y Return (annualized) | +20.45% | +24.46%Best |
| 5Y Return (annualized) | +11.61%Best | +11.22% |
| Volatility (annualized) | 14.2%Best | 24.6% |
| Max Drawdown | -33.9%Best | -47.8% |
| $10,000 over 5 years | $17,319Best | $17,018 |
| Top 10 Weight | 37.3% | 18.7%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | May 5, 2011 |
Volatility and max drawdown are measured over the window both funds cover: May 5, 2011 to Nov 13, 2026 (15.5 years).
IVV vs SPHB 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 15.5 years both funds cover.
IVV vs SPHB Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 High Beta ETF (SPHB) is an ETF from Invesco (US). Over the past year IVV returned +13.50% while SPHB returned +21.29%. Year to date, IVV is up 11.33% versus a gain of 12.66% for SPHB.
Over three years, IVV compounded at +20.45% per year against +24.46% for SPHB; over five years the annualized figures are +11.61% and +11.22% respectively. Across the full 16-year window we track, IVV has the edge at +12.37% annualized vs +11.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHB has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 14.2% 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 -47.8% for SPHB. 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 SPHB charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.52% for SPHB.
Holdings Overlap
34.3% of IVV's money is in holdings SPHB also owns. 95.3% of SPHB's money is in holdings IVV also owns.
Most of SPHB is already inside IVV. Owning both mostly buys the same companies twice.
94 positions in common, counted across the 490 positions we hold weights for in IVV and 100 in SPHB, against full books of 509 and 103.
What only one of them owns
Measured across the 490 and 100 positions we hold weights for.
IVV holds 391 positions SPHB does not, 64.5% of the fund.
Largest: AAPL 7.70%, MSFT 5.93%, GOOGL 2.51%, LLY 1.74%, BRK.A 1.55%
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPHB | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.58% | 0.98% | 6.60% |
| AMZNAmazon.Com Inc | 3.61% | 0.77% | 2.84% |
| MRNAModerna Inc | 0.13% | 3.39% | 3.26% |
| MUMicron Technology, Inc. | 1.53% | 1.86% | 0.33% |
| AVGOBroadcom Inc | 2.37% | 0.95% | 1.42% |
| TSLATesla Motors Inc | 1.72% | 1.54% | 0.18% |
| AMDAdvanced Micro Devices Inc. | 1.26% | 1.87% | 0.61% |
| METAMeta Platform Inc | 2.08% | 0.84% | 1.24% |
| GOOGAlphabet, Inc., Class C | 2.02% | 0.62% | 1.40% |
| SNDKSandisk Corp/De | 0.26% | 2.09% | 1.83% |
95.3% of SPHB 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 SPHB?
IVV has an expense ratio of 0.03% while SPHB charges 0.25%. IVV is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, IVV or SPHB?
Over the past year IVV returned +13.50% vs +21.29% for SPHB, so SPHB leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +12.37% vs +11.94% for SPHB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPHB?
SPHB has been the more volatile fund at 24.6% annualized versus 14.2% for IVV. Worst drawdown: IVV -33.9% vs SPHB -47.8%.
Should I hold both IVV and SPHB?
IVV and SPHB 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.
What is the holdings overlap between IVV and SPHB?
95.3% of SPHB's money is in holdings IVV also owns. 95.3% of SPHB's is in holdings IVV also owns. They hold 94 positions in common, counted across the 490 positions we hold weights for in IVV and 100 in SPHB.
Which pays a higher dividend, IVV or SPHB?
IVV yields 1.09% while SPHB yields 0.52%, so IVV currently pays the higher dividend yield.
Is SPHB better than IVV?
IVV has a lower expense ratio. IVV led over 5Y and the full window, SPHB over 1Y and 3Y. SPHB is less concentrated, with 18.7% of the fund in its ten largest positions against 37.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.