IVV vs SPVM
iShares Core S&P 500 ETF vs Invesco S&P 500 Value with Momentum ETF
Which is better, IVV or SPVM?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SPVM is less concentrated, with 15.9% 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 | SPVM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.39% |
| AUM | $876.4B | $137M |
| Dividend Yield | 1.06% | 1.94% |
| Holdings | 508 | 102 |
| YTD Return | +14.15%Best | +10.88% |
| 1Y Return | +17.31%Best | +17.09% |
| 3Y Return (annualized) | +23.17%Best | +18.32% |
| 5Y Return (annualized) | +13.85%Best | +11.70% |
| Volatility (annualized) | 14.3%Best | 16.4% |
| Max Drawdown | -33.9%Best | -45.9% |
| $10,000 over 5 years | $19,128Best | $17,389 |
| Top 10 Weight | 37.8% | 15.9%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Jun 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 29, 2011 to Sep 21, 2026 (15.2 years).
IVV vs SPVM 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 15.2 years both funds cover.
IVV vs SPVM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 Value with Momentum ETF (SPVM) is an ETF from Invesco (US). Over the past year IVV returned +17.31% while SPVM returned +17.09%. Year to date, IVV is up 14.15% versus a gain of 10.88% for SPVM.
Over three years, IVV compounded at +23.17% per year against +18.32% for SPVM; over five years the annualized figures are +13.85% and +11.70% respectively. Across the full 15-year window we track, IVV has the edge at +12.97% annualized vs +9.89%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 14.3% 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 -45.9% for SPVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPVM charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.94% for SPVM.
Holdings Overlap
11.5% of IVV's money is in holdings SPVM also owns. 98.6% of SPVM's money is in holdings IVV also owns.
Most of SPVM is already inside IVV. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in SPVM, against full books of 508 and 102.
What only one of them owns
Our book lists 2 positions for SPVM that do not appear in our book for IVV (0.8% of the fund), and 384 for IVV that do not appear in SPVM (87.2%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPVM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 1.44% | 0.88% | 0.56% |
| ALLAllstate Corp. | 0.10% | 1.80% | 1.70% |
| PSXPhillips 66 | 0.15% | 1.74% | 1.59% |
| GMGeneral Motors Co | 0.12% | 1.75% | 1.63% |
| BACBank of America Corp.: Financials | 0.61% | 1.23% | 0.62% |
| MPCMarathon Petroleum Corp | 0.16% | 1.62% | 1.46% |
| XOMExxon Mobil Corp. | 1.01% | 0.74% | 0.27% |
| TRVThe Travelers Cos, Inc. | 0.12% | 1.58% | 1.46% |
| VLOValero Energy | 0.16% | 1.52% | 1.36% |
| TGTTarget Corp Common Stock Usd.0833 | 0.11% | 1.51% | 1.40% |
98.6% of SPVM is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPVM?
IVV has an expense ratio of 0.03% while SPVM charges 0.39%. IVV is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, IVV or SPVM?
Over the past year IVV returned +17.31% vs +17.09% for SPVM, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +12.97% vs +9.89% for SPVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPVM?
SPVM has been the more volatile fund at 16.4% annualized versus 14.3% for IVV. Worst drawdown: IVV -33.9% vs SPVM -45.9%.
Should I hold both IVV and SPVM?
IVV and SPVM have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and SPVM?
98.6% of SPVM's money is in holdings IVV also owns. 98.6% of SPVM's is in holdings IVV also owns. They hold 98 positions in common, counted across the 490 positions we hold weights for in IVV and 101 in SPVM.
Which pays a higher dividend, IVV or SPVM?
IVV yields 1.06% while SPVM yields 1.94%, so SPVM currently pays the higher dividend yield.
Is SPVM better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. SPVM is less concentrated, with 15.9% 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.