IVV vs SPIP
iShares Core S&P 500 ETF vs State Street SPDR Portfolio TIPS ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPIP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.12% | |
| AUM | $865.2B | $1.0B | |
| Dividend Yield | 1.09% | 4.77% | |
| Holdings | 508 | 51 | |
| YTD Return | +14.50% | +0.01% | |
| 1Y Return | +22.02% | +0.92% | |
| 3Y Return (annualized) | +21.80% | +3.77% | |
| 5Y Return (annualized) | +13.37% | -0.01% | |
| Volatility (annualized) | 15.1% | 5.9% | |
| Max Drawdown | -56.5% | -18.7% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 25, 2007 |
IVV vs SPIP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio TIPS ETF (SPIP) is a ETF from State Street Investment Management. Over the past year IVV returned +22.02% while SPIP returned +0.92%. Year to date, IVV is up 14.50% versus a gain of 0.01% for SPIP.
Over three years, IVV compounded at +21.80% per year against +3.77% for SPIP; over five years the annualized figures are +13.37% and -0.01% respectively. Across the full 19-year window we track, IVV has the edge at +7.07% annualized vs +1.56%. 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 5.9% for SPIP. 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 -18.7% for SPIP. 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPIP charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.77% for SPIP.
Holdings Overlap
IVV and SPIP share 0 holdings out of 550 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPIP?
IVV has an expense ratio of 0.03% while SPIP charges 0.12%. IVV is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, IVV or SPIP?
Over the past year IVV returned +22.02% vs +0.92% for SPIP, so IVV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.07% vs +1.56% for SPIP. Past performance does not guarantee future results.
Which is riskier, IVV or SPIP?
IVV has been the more volatile fund at 15.1% annualized versus 5.9% for SPIP. Worst drawdown: IVV -56.5% vs SPIP -18.7%.
Should I hold both IVV and SPIP?
IVV and SPIP have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPIP?
IVV and SPIP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 550 unique securities.
Which pays a higher dividend, IVV or SPIP?
IVV yields 1.09% while SPIP yields 4.77%, so SPIP currently pays the higher dividend yield.
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