IVV vs SPRX
iShares Core S&P 500 ETF vs Spear Alpha ETF
Quick Verdict
IVV has a lower expense ratio. SPRX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPRX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.75% | |
| AUM | $865.2B | $202M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 30 | |
| YTD Return | +14.50% | +22.84% | |
| 1Y Return | +22.02% | +40.36% | |
| 3Y Return (annualized) | +21.80% | +40.77% | |
| 5Y Return (annualized) | +13.37% | +19.21% | |
| Volatility (annualized) | 15.1% | 39.6% | |
| Max Drawdown | -56.5% | -51.2% | |
| Fund Family | iShares by BlackRock (US) | Spear | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 3, 2021 |
IVV vs SPRX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Spear Alpha ETF (SPRX) is a ETF from Spear. Over the past year IVV returned +22.02% while SPRX returned +40.36%. Year to date, IVV is up 14.50% versus a gain of 22.84% for SPRX.
Over three years, IVV compounded at +21.80% per year against +40.77% for SPRX; over five years the annualized figures are +13.37% and +19.21% respectively. Across the full 5-year window we track, SPRX has the edge at +19.83% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 39.6% compared with 15.1% 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 -56.5% for IVV and -51.2% for SPRX. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPRX charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for SPRX.
Holdings Overlap
IVV and SPRX share 11 holdings out of 521 unique holdings combined, representing a 4.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPRX?
IVV has an expense ratio of 0.03% while SPRX charges 0.75%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, IVV or SPRX?
Over the past year IVV returned +22.02% vs +40.36% for SPRX, so SPRX leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.07% vs +19.83% for SPRX. Past performance does not guarantee future results.
Which is riskier, IVV or SPRX?
SPRX has been the more volatile fund at 39.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPRX -51.2%.
Should I hold both IVV and SPRX?
IVV and SPRX have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPRX?
IVV and SPRX share 11 common holdings with a 4.5% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, IVV or SPRX?
IVV yields 1.09% while SPRX yields 0.00%, so IVV currently pays the higher dividend yield.
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