IVV vs SPHD
iShares Core S&P 500 ETF vs Invesco S&P 500 High Dividend Low Volatility ETF
Which is better, IVV or SPHD?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SPHD is less concentrated, with 28.6% 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 | SPHD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.30% |
| AUM | $876.4B | $3.4B |
| Dividend Yield | 1.06% | 4.66% |
| Holdings | 508 | 60 |
| YTD Return | +12.39%Best | +7.67% |
| 1Y Return | +16.61%Best | +7.35% |
| 3Y Return (annualized) | +21.38%Best | +11.82% |
| 5Y Return (annualized) | +13.51%Best | +7.68% |
| Volatility (annualized) | 14.2%Best | 14.3% |
| Max Drawdown | -33.9%Best | -42.1% |
| $10,000 over 5 years | $18,844Best | $14,477 |
| Top 10 Weight | 37.8% | 28.6%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Oct 18, 2012 |
Volatility and max drawdown are measured over the window both funds cover: Oct 18, 2012 to Sep 18, 2026 (13.9 years).
IVV vs SPHD 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 13.9 years both funds cover.
IVV vs SPHD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an ETF from Invesco (US). Over the past year IVV returned +16.61% while SPHD returned +7.35%. Year to date, IVV is up 12.39% versus a gain of 7.67% for SPHD.
Over three years, IVV compounded at +21.38% per year against +11.82% for SPHD; over five years the annualized figures are +13.51% and +7.68% respectively. Across the full 14-year window we track, IVV has the edge at +13.26% annualized vs +6.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHD has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -42.1% for SPHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPHD charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 4.66% for SPHD.
Holdings Overlap
5.6% of IVV's money is in holdings SPHD also owns. 95.8% of SPHD's money is in holdings IVV also owns.
Most of SPHD is already inside IVV. Owning both mostly buys the same companies twice.
48 positions in common, counted across the 490 positions we hold weights for in IVV and 51 in SPHD, against full books of 508 and 60.
What only one of them owns
Our book lists 3 positions for SPHD that do not appear in our book for IVV (4.2% of the fund), and 434 for IVV that do not appear in SPHD (93.0%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPHD | Difference |
|---|---|---|---|
| PFEPfizer Inc | 0.24% | 3.46% | 3.22% |
| VZVerizon Communic | 0.32% | 3.32% | 3.00% |
| GISGeneral Mills In | 0.03% | 3.32% | 3.29% |
| KHCKraft Heinz Co. | 0.03% | 2.94% | 2.91% |
| TBBAt&t Inc | 0.27% | 2.68% | 2.41% |
| VICIVici Properties Inc | 0.04% | 2.87% | 2.83% |
| CMCSAComcast Corp-class A Cmcsa | 0.14% | 2.71% | 2.57% |
| MOAltria Group Inc | 0.17% | 2.49% | 2.32% |
| CVXChevron Corp | 0.58% | 2.02% | 1.44% |
| CCICrown Castle International Corp | 0.05% | 2.45% | 2.40% |
95.8% of SPHD 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 SPHD?
IVV has an expense ratio of 0.03% while SPHD charges 0.30%. IVV is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, IVV or SPHD?
Over the past year IVV returned +16.61% vs +7.35% for SPHD, so IVV leads on 1-year performance. Over the longest common window we track (14 years), IVV annualized +13.26% vs +6.67% for SPHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPHD?
SPHD has been the more volatile fund at 14.3% annualized versus 14.2% for IVV. Worst drawdown: IVV -33.9% vs SPHD -42.1%.
Should I hold both IVV and SPHD?
IVV and SPHD have a monthly-return correlation of 0.75, 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 SPHD?
95.8% of SPHD's money is in holdings IVV also owns. 95.8% of SPHD's is in holdings IVV also owns. They hold 48 positions in common, counted across the 490 positions we hold weights for in IVV and 51 in SPHD.
Which pays a higher dividend, IVV or SPHD?
IVV yields 1.06% while SPHD yields 4.66%, so SPHD currently pays the higher dividend yield.
Is SPHD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SPHD is less concentrated, with 28.6% 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.