IVV vs SPIB
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. SPIB offers more diversification with 1090 holdings.
Side-by-Side Comparison
| Metric | IVV | SPIB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.04% | |
| AUM | $865.2B | $11.4B | |
| Dividend Yield | 1.09% | 4.44% | |
| Holdings | 508 | 5,091 | |
| YTD Return | +13.43% | +0.03% | |
| 1Y Return | +22.61% | +2.61% | |
| 3Y Return (annualized) | +21.47% | +5.78% | |
| 5Y Return (annualized) | +13.26% | +1.59% | |
| Volatility (annualized) | 15.1% | 4.1% | |
| Max Drawdown | -56.5% | -14.9% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 10, 2009 |
IVV vs SPIB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is a ETF from State Street Investment Management. Over the past year IVV returned +22.61% while SPIB returned +2.61%. Year to date, IVV is up 13.43% versus a gain of 0.03% for SPIB.
Over three years, IVV compounded at +21.47% per year against +5.78% for SPIB; over five years the annualized figures are +13.26% and +1.59% respectively. Across the full 18-year window we track, IVV has the edge at +7.03% annualized vs +1.53%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.1% for SPIB. 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 -14.9% for SPIB. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPIB charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.44% for SPIB.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or SPIB?
IVV has an expense ratio of 0.03% while SPIB charges 0.04%. IVV is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or SPIB?
Over the past year IVV returned +22.61% vs +2.61% for SPIB, so IVV leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +7.03% vs +1.53% for SPIB. Past performance does not guarantee future results.
Which is riskier, IVV or SPIB?
IVV has been the more volatile fund at 15.1% annualized versus 4.1% for SPIB. Worst drawdown: IVV -56.5% vs SPIB -14.9%.
Should I hold both IVV and SPIB?
IVV and SPIB have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPIB?
IVV and SPIB share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1593 unique securities.
Which pays a higher dividend, IVV or SPIB?
IVV yields 1.09% while SPIB yields 4.44%, so SPIB currently pays the higher dividend yield.
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