IVV vs SPSK
iShares Core S&P 500 ETF vs SP Funds Dow Jones Global Sukuk 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 | SPSK | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $865.2B | $662M | |
| Dividend Yield | 1.09% | 4.23% | |
| Holdings | 508 | 169 | |
| YTD Return | +14.50% | +0.42% | |
| 1Y Return | +22.02% | +1.89% | |
| 3Y Return (annualized) | +21.80% | +4.38% | |
| 5Y Return (annualized) | +13.37% | +0.96% | |
| Volatility (annualized) | 15.1% | 4.6% | |
| Max Drawdown | -56.5% | -13.1% | |
| Fund Family | iShares by BlackRock (US) | SP Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Dec 27, 2019 |
IVV vs SPSK Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and SP Funds Dow Jones Global Sukuk ETF (SPSK) is a ETF from SP Funds. Over the past year IVV returned +22.02% while SPSK returned +1.89%. Year to date, IVV is up 14.50% versus a gain of 0.42% for SPSK.
Over three years, IVV compounded at +21.80% per year against +4.38% for SPSK; over five years the annualized figures are +13.37% and +0.96% respectively. Across the full 7-year window we track, IVV has the edge at +7.07% annualized vs +0.79%. 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 4.6% for SPSK. 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 -13.1% for SPSK. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPSK charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.23% for SPSK.
Holdings Overlap
IVV and SPSK share 0 holdings out of 515 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 SPSK?
IVV has an expense ratio of 0.03% while SPSK charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or SPSK?
Over the past year IVV returned +22.02% vs +1.89% for SPSK, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +7.07% vs +0.79% for SPSK. Past performance does not guarantee future results.
Which is riskier, IVV or SPSK?
IVV has been the more volatile fund at 15.1% annualized versus 4.6% for SPSK. Worst drawdown: IVV -56.5% vs SPSK -13.1%.
Should I hold both IVV and SPSK?
IVV and SPSK have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPSK?
IVV and SPSK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or SPSK?
IVV yields 1.09% while SPSK yields 4.23%, so SPSK currently pays the higher dividend yield.
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