IVV vs SPSB
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Short Term Corporate Bond ETF
Which is better, IVV or SPSB?
Large Cap Blend against Short Term Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | SPSB |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $876.4B | $10.5B |
| Dividend Yield | 1.06% | 4.36% |
| Holdings | 508 | 1,627 |
| YTD Return | +14.14%Best | +1.09% |
| 1Y Return | +17.30%Best | +2.42% |
| 3Y Return (annualized) | +23.04%Best | +5.17% |
| 5Y Return (annualized) | +13.63%Best | +2.75% |
| Volatility (annualized) | 14.4% | 1.8%Best |
| Max Drawdown | -33.9% | -11.8%Best |
| $10,000 over 5 years | $18,944Best | $11,453 |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term Bond |
| Inception | May 15, 2000 | Dec 16, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 17, 2009 to Sep 22, 2026 (16.8 years).
IVV vs SPSB 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs SPSB Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an ETF from State Street Investment Management. Over the past year IVV returned +17.30% while SPSB returned +2.42%. Year to date, IVV is up 14.14% versus a gain of 1.09% for SPSB.
Over three years, IVV compounded at +23.04% per year against +5.17% for SPSB; over five years the annualized figures are +13.63% and +2.75% respectively. Across the full 17-year window we track, IVV has the edge at +12.87% annualized vs +1.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 1.8% for SPSB. 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 -11.8% for SPSB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while SPSB 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 1.06% against 4.36% for SPSB.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in SPSB, totalling 99.3% and 0.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 1 in SPSB, against full books of 508 and 1,627.
You are not choosing between two funds in isolation.
Whichever of IVV and SPSB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPSB?
IVV has an expense ratio of 0.03% while SPSB charges 0.04%. IVV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, IVV or SPSB?
Over the past year IVV returned +17.30% vs +2.42% for SPSB, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +12.87% vs +1.02% for SPSB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPSB?
IVV has been the more volatile fund at 14.4% annualized versus 1.8% for SPSB. Worst drawdown: IVV -33.9% vs SPSB -11.8%.
Should I hold both IVV and SPSB?
IVV and SPSB have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SPSB?
IVV yields 1.06% while SPSB yields 4.36%, so SPSB currently pays the higher dividend yield.
Is SPSB better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.