IVV vs SPSM
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 600 Small Cap ETF
Which is better, IVV or SPSM?
Large Cap Blend against Small Cap Blend.
IVV led over 3Y, 5Y and the full window, SPSM over 1Y. SPSM is less concentrated, with 5.3% of the fund in its ten largest positions against 37.8%.
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 | SPSM |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $16.7B |
| Dividend Yield | 1.06% | 1.40% |
| Holdings | 508 | 611 |
| YTD Return | +11.03% | +15.90%Best |
| 1Y Return | +15.62% | +19.92%Best |
| 3Y Return (annualized) | +20.81%Best | +14.65% |
| 5Y Return (annualized) | +12.61%Best | +6.65% |
| Volatility (annualized) | 14.5%Best | 19.5% |
| Max Drawdown | -33.9%Best | -44.4% |
| $10,000 over 5 years | $18,109Best | $13,798 |
| Top 10 Weight | 37.8% | 5.3%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Jul 8, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Jul 9, 2013 to Sep 16, 2026 (13.2 years).
IVV vs SPSM 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 13.2 years both funds cover.
IVV vs SPSM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an ETF from State Street Investment Management. Over the past year IVV returned +15.62% while SPSM returned +19.92%. Year to date, IVV is up 11.03% versus a gain of 15.90% for SPSM.
Over three years, IVV compounded at +20.81% per year against +14.65% for SPSM; over five years the annualized figures are +12.61% and +6.65% respectively. Across the full 13-year window we track, IVV has the edge at +12.86% annualized vs +8.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPSM has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 14.5% 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 -33.9% for IVV and -44.4% for SPSM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPSM charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.06% against 1.40% for SPSM.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 601 in SPSM, totalling 99.3% and 99.3% 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 601 in SPSM, against full books of 508 and 611.
What only one of them owns
Our book lists 589 positions for SPSM that do not appear in our book for IVV (97.5% of the fund), and 482 for IVV that do not appear in SPSM (98.6%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and SPSM 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 SPSM?
IVV has an expense ratio of 0.03% while SPSM charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or SPSM?
Over the past year IVV returned +15.62% vs +19.92% for SPSM, so SPSM leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +12.86% vs +8.56% for SPSM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPSM?
SPSM has been the more volatile fund at 19.5% annualized versus 14.5% for IVV. Worst drawdown: IVV -33.9% vs SPSM -44.4%.
Should I hold both IVV and SPSM?
IVV and SPSM have a monthly-return correlation of 0.83, 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 SPSM?
IVV yields 1.06% while SPSM yields 1.40%, so SPSM currently pays the higher dividend yield.
Is SPSM better than IVV?
IVV led over 3Y, 5Y and the full window, SPSM over 1Y. SPSM is less concentrated, with 5.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.