IVV vs SPRX
iShares Core S&P 500 ETF vs Spear Alpha ETF
Which is better, IVV or SPRX?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 67.1%.
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 | SPRX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.75% |
| AUM | $886.7B | $214M |
| Dividend Yield | 1.10% | 0.00% |
| Holdings | 508 | 28 |
| YTD Return | +13.39%Best | +10.22% |
| 1Y Return | +20.08% | +29.57%Best |
| 3Y Return (annualized) | +21.29% | +33.07%Best |
| 5Y Return (annualized) | +12.88% | +15.98%Best |
| Volatility (annualized) | 15.8%Best | 38.8% |
| Max Drawdown | -24.5%Best | -51.2% |
| $10,000 over 5 years | $18,327 | $20,985Best |
| Top 10 Weight | 37.9%Best | 67.1% |
| Fund Family | iShares by BlackRock (US) | Spear |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Aug 3, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Aug 4, 2021 to Sep 4, 2026 (5.1 years).
IVV vs SPRX 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 5.1 years both funds cover.
IVV vs SPRX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Spear Alpha ETF (SPRX) is an ETF from Spear. Over the past year IVV returned +20.08% while SPRX returned +29.57%. Year to date, IVV is up 13.39% versus a gain of 10.22% for SPRX.
Over three years, IVV compounded at +21.29% per year against +33.07% for SPRX; over five years the annualized figures are +12.88% and +15.98% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 38.8% compared with 15.8% 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 -24.5% for IVV and -51.2% for SPRX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
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 1.10% against 0.00% for SPRX.
Holdings Overlap
5.8% of IVV's money is in holdings SPRX also owns. 40.1% of SPRX's money is in holdings IVV also owns.
The two portfolios partly overlap.
13 positions in common, counted across the 505 positions we hold weights for in IVV and 31 in SPRX, against full books of 508 and 28.
What only one of them owns
Our book lists 14 positions for SPRX that do not appear in our book for IVV (48.8% of the fund), and 484 for IVV that do not appear in SPRX (93.5%).
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 SPRX | Difference |
|---|---|---|---|
| LRCXLrcx Uw Equity | 0.58% | 7.88% | 7.30% |
| COHRCoherent, Inc | 0.10% | 7.91% | 7.81% |
| LITELumentum Holdings Inc | 0.10% | 6.32% | 6.22% |
| KLACKla Corp | 0.38% | 5.37% | 4.99% |
| TERTeradyne Inc - Common | 0.09% | 3.69% | 3.60% |
| MRVLMarvell Technology Group Ltd. | 0.28% | 3.21% | 2.93% |
| SNDKSandisk Corp/De | 0.30% | 2.48% | 2.18% |
| METAMeta Platform Inc | 1.94% | 0.11% | 1.83% |
| AMDAdvanced Micro Devices Inc | 1.18% | 0.59% | 0.59% |
| ANETArista Networks Inc. | 0.31% | 1.24% | 0.93% |
40.1% of SPRX 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 SPRX?
IVV has an expense ratio of 0.03% while SPRX charges 0.75%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
Which performed better, IVV or SPRX?
Over the past year IVV returned +20.08% vs +29.57% for SPRX, so SPRX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPRX?
SPRX has been the more volatile fund at 38.8% annualized versus 15.8% for IVV. Worst drawdown: IVV -24.5% vs SPRX -51.2%.
Should I hold both IVV and SPRX?
IVV and SPRX have a monthly-return correlation of 0.67, 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 SPRX?
40.1% of SPRX's money is in holdings IVV also owns. 40.1% of SPRX's is in holdings IVV also owns. They hold 13 positions in common, counted across the 505 positions we hold weights for in IVV and 31 in SPRX.
Which pays a higher dividend, IVV or SPRX?
IVV yields 1.10% while SPRX yields 0.00%, so IVV currently pays the higher dividend yield.
Is SPRX better than IVV?
IVV has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 67.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.