IVV vs SPSB
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Short Term Corporate Bond 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 | SPSB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.04% | |
| AUM | $865.2B | $10.5B | |
| Dividend Yield | 1.09% | 4.39% | |
| Holdings | 508 | 1,553 | |
| YTD Return | +13.80% | +1.03% | |
| 1Y Return | +23.01% | +3.22% | |
| 3Y Return (annualized) | +21.77% | +5.21% | |
| 5Y Return (annualized) | +13.39% | +2.77% | |
| Volatility (annualized) | 15.1% | 1.8% | |
| Max Drawdown | -56.5% | -11.8% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Dec 16, 2009 |
IVV vs SPSB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is a ETF from State Street Investment Management. Over the past year IVV returned +23.01% while SPSB returned +3.22%. Year to date, IVV is up 13.80% versus a gain of 1.03% for SPSB.
Over three years, IVV compounded at +21.77% per year against +5.21% for SPSB; over five years the annualized figures are +13.39% and +2.77% respectively. Across the full 17-year window we track, IVV has the edge at +7.04% 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 15.1% 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 -56.5% for IVV and -11.8% for SPSB. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.09% against 4.39% for SPSB.
Holdings Overlap
IVV and SPSB share 1 holdings out of 964 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPSB | Difference |
|---|---|---|---|
| HUBB | 0.04% | 0.05% | 0.01% |
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. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or SPSB?
Over the past year IVV returned +23.01% vs +3.22% for SPSB, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.04% vs +1.02% for SPSB. Past performance does not guarantee future results.
Which is riskier, IVV or SPSB?
IVV has been the more volatile fund at 15.1% annualized versus 1.8% for SPSB. Worst drawdown: IVV -56.5% vs SPSB -11.8%.
Should I hold both IVV and SPSB?
IVV and SPSB have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPSB?
IVV and SPSB share 1 common holdings with a 0.0% weight overlap. Combined, they hold 964 unique securities.
Which pays a higher dividend, IVV or SPSB?
IVV yields 1.09% while SPSB yields 4.39%, so SPSB currently pays the higher dividend yield.
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