IVV vs SPVM
iShares Core S&P 500 ETF vs Invesco S&P 500 Value with Momentum ETF
Quick Verdict
IVV has a lower expense ratio. SPVM delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPVM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $129M | |
| Dividend Yield | 1.09% | 2.00% | |
| Holdings | 508 | 104 | |
| YTD Return | +13.80% | +14.96% | |
| 1Y Return | +23.01% | +29.29% | |
| 3Y Return (annualized) | +21.77% | +18.38% | |
| 5Y Return (annualized) | +13.39% | +11.50% | |
| Volatility (annualized) | 15.1% | 16.5% | |
| Max Drawdown | -56.5% | -45.9% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 16, 2011 |
IVV vs SPVM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Value with Momentum ETF (SPVM) is a ETF from Invesco (US). Over the past year IVV returned +23.01% while SPVM returned +29.29%. Year to date, IVV is up 13.80% versus a gain of 14.96% for SPVM.
Over three years, IVV compounded at +21.77% per year against +18.38% for SPVM; over five years the annualized figures are +13.39% and +11.50% respectively. Across the full 15-year window we track, SPVM has the edge at +10.23% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 15.1% 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 -56.5% for IVV and -45.9% for SPVM. 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 0.85. 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 1.09% against 2.00% for SPVM.
Holdings Overlap
IVV and SPVM share 97 holdings out of 509 unique holdings combined, representing a 9.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or SPVM?
Over the past year IVV returned +23.01% vs +29.29% for SPVM, so SPVM leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.04% vs +10.23% for SPVM. Past performance does not guarantee future results.
Which is riskier, IVV or SPVM?
SPVM has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPVM -45.9%.
Should I hold both IVV and SPVM?
IVV and SPVM have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPVM?
IVV and SPVM share 97 common holdings with a 9.8% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or SPVM?
IVV yields 1.09% while SPVM yields 2.00%, so SPVM currently pays the higher dividend yield.
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