IVV vs SPTB
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Treasury ETF
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPTB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $289M | |
| Dividend Yield | 1.09% | 4.18% | |
| Holdings | 508 | 284 | |
| YTD Return | +13.72% | -0.68% | |
| 1Y Return | +21.64% | +1.34% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 3.9% | |
| Max Drawdown | -56.5% | -5.0% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Money Market | |
| Inception | May 15, 2000 | May 20, 2024 |
IVV vs SPTB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Treasury ETF (SPTB) is a ETF from State Street Investment Management. Over the past year IVV returned +21.64% while SPTB returned +1.34%. Year to date, IVV is up 13.72% versus a loss of 0.68% for SPTB.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.9% for SPTB. 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 -5.0% for SPTB. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPTB charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 4.18% for SPTB.
Holdings Overlap
IVV and SPTB share 0 holdings out of 747 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 SPTB?
IVV has an expense ratio of 0.03% while SPTB charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SPTB?
Over the past year IVV returned +21.64% vs +1.34% for SPTB, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +3.21% for SPTB. Past performance does not guarantee future results.
Which is riskier, IVV or SPTB?
IVV has been the more volatile fund at 15.1% annualized versus 3.9% for SPTB. Worst drawdown: IVV -56.5% vs SPTB -5.0%.
Should I hold both IVV and SPTB?
IVV and SPTB have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPTB?
IVV and SPTB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 747 unique securities.
Which pays a higher dividend, IVV or SPTB?
IVV yields 1.09% while SPTB yields 4.18%, so SPTB currently pays the higher dividend yield.
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