IVV vs SPHB
iShares Core S&P 500 ETF vs Invesco S&P 500 High Beta ETF
Which is better, IVV or SPHB?
SPHB has been ahead.
IVV has a lower expense ratio. SPHB led over 1Y, 3Y, 5Y and the full window. SPHB is less concentrated, with 18.5% 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 | SPHB |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.25% |
| AUM | $876.4B | $891M |
| Dividend Yield | 1.06% | 0.56% |
| Holdings | 508 | 102 |
| YTD Return | +14.14% | +29.24%Best |
| 1Y Return | +17.30% | +38.63%Best |
| 3Y Return (annualized) | +23.04% | +30.85%Best |
| 5Y Return (annualized) | +13.63% | +16.63%Best |
| Volatility (annualized) | 14.3%Best | 24.6% |
| Max Drawdown | -33.9%Best | -47.8% |
| $10,000 over 5 years | $18,944 | $21,580Best |
| Top 10 Weight | 37.8% | 18.5%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 Sep 22, 2026 (15.4 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 15.4 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 +17.30% while SPHB returned +38.63%. Year to date, IVV is up 14.14% versus a gain of 29.24% for SPHB.
Over three years, IVV compounded at +23.04% per year against +30.85% for SPHB; over five years the annualized figures are +13.63% and +16.63% respectively. Across the full 15-year window we track, SPHB has the edge at +13.07% annualized vs +12.68%.
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 14.3% 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 -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 0.89. 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 1.06% against 0.56% for SPHB.
Holdings Overlap
34.9% of IVV's money is in holdings SPHB also owns. 91.7% 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.
91 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in SPHB, against full books of 508 and 102.
What only one of them owns
Our book lists 7 positions for SPHB that do not appear in our book for IVV (4.8% of the fund), and 391 for IVV that do not appear in SPHB (63.8%).
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 SPHB | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 0.98% | 7.09% |
| AMZNAmazon.Com Inc | 3.84% | 0.78% | 3.06% |
| AVGOBroadcom Inc | 2.65% | 1.01% | 1.64% |
| MUMicron Technology, Inc. | 1.63% | 1.88% | 0.25% |
| GOOGAlphabet Inc | 2.39% | 0.70% | 1.69% |
| SNDKSandisk Corp/De | 0.35% | 2.65% | 2.30% |
| TSLATesla Inc | 1.56% | 1.32% | 0.24% |
| METAMeta Platforms Inc | 1.90% | 0.73% | 1.17% |
| LRCXLrcx Uw Equity | 0.57% | 1.56% | 0.99% |
| COINCoinbase Globa-A | 0.06% | 2.03% | 1.97% |
91.7% 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 +17.30% vs +38.63% for SPHB, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +12.68% vs +13.07% 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 14.3% 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 0.89, 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?
91.7% of SPHB's money is in holdings IVV also owns. 91.7% of SPHB's is in holdings IVV also owns. They hold 91 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in SPHB.
Which pays a higher dividend, IVV or SPHB?
IVV yields 1.06% while SPHB yields 0.56%, so IVV currently pays the higher dividend yield.
Is SPHB better than IVV?
IVV has a lower expense ratio. SPHB led over 1Y, 3Y, 5Y and the full window. SPHB is less concentrated, with 18.5% 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.