IVV vs SPXE
iShares Core S&P 500 ETF vs ProShares S&P 500 Ex-Energy ETF
Which is better, IVV or SPXE?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y and 5Y, SPXE over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 39.1%.
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 | SPXE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.09% |
| AUM | $876.4B | $86M |
| Dividend Yield | 1.06% | 0.94% |
| Holdings | 508 | 483 |
| YTD Return | +12.01%Best | +11.22% |
| 1Y Return | +16.48%Best | +15.44% |
| 3Y Return (annualized) | +21.21% | +21.25%Best |
| 5Y Return (annualized) | +12.95%Best | +12.37% |
| Volatility (annualized) | 15.2%Tie | 15.2%Tie |
| Max Drawdown | -33.9% | -32.3%Best |
| $10,000 over 5 years | $18,384Best | $17,916 |
| Top 10 Weight | 37.8%Best | 39.1% |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Sep 22, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Sep 14, 2026 (11 years).
IVV vs SPXE 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 11 years both funds cover.
IVV vs SPXE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares S&P 500 Ex-Energy ETF (SPXE) is an ETF from ProShares. Over the past year IVV returned +16.48% while SPXE returned +15.44%. Year to date, IVV is up 12.01% versus a gain of 11.22% for SPXE.
Over three years, IVV compounded at +21.21% per year against +21.25% for SPXE; over five years the annualized figures are +12.95% and +12.37% respectively. Across the full 11-year window we track, SPXE has the edge at +14.39% annualized vs +14.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV and SPXE have been equally volatile, both at 15.2% annualized.
The deepest peak-to-trough decline in our data was -33.9% for IVV and -32.3% for SPXE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while SPXE charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.94% for SPXE.
Holdings Overlap
94.2% of IVV's money is in holdings SPXE also owns. 97.5% of SPXE's money is in holdings IVV also owns.
Most of SPXE is already inside IVV. Owning both mostly buys the same companies twice.
456 positions in common, counted across the 490 positions we hold weights for in IVV and 481 in SPXE, against full books of 508 and 483.
What only one of them owns
Our book lists 17 positions for SPXE that do not appear in our book for IVV (1.6% of the fund), and 30 for IVV that do not appear in SPXE (4.7%).
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 SPXE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 8.37% | 0.30% |
| AAPLApple, Inc | 7.02% | 7.28% | 0.26% |
| MSFTMicrosoft Corp | 5.69% | 5.90% | 0.21% |
| AMZNAmazon.Com Inc | 3.84% | 3.98% | 0.14% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.11% | 0.11% |
| AVGOBroadcom Inc | 2.65% | 2.74% | 0.09% |
| GOOGAlphabet Inc | 2.39% | 2.48% | 0.09% |
| METAMeta Platforms Inc | 1.90% | 1.97% | 0.07% |
| MUMicron Technology, Inc. | 1.63% | 1.69% | 0.06% |
| TSLATesla Inc | 1.56% | 1.62% | 0.06% |
97.5% of SPXE 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 SPXE?
IVV has an expense ratio of 0.03% while SPXE charges 0.09%. IVV is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, IVV or SPXE?
Over the past year IVV returned +16.48% vs +15.44% for SPXE, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +14.05% vs +14.39% for SPXE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPXE?
IVV and SPXE have been equally volatile, both at 15.2% annualized. Worst drawdown: IVV -33.9% vs SPXE -32.3%.
Should I hold both IVV and SPXE?
IVV and SPXE have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and SPXE?
97.5% of SPXE's money is in holdings IVV also owns. 97.5% of SPXE's is in holdings IVV also owns. They hold 456 positions in common, counted across the 490 positions we hold weights for in IVV and 481 in SPXE.
Which pays a higher dividend, IVV or SPXE?
IVV yields 1.06% while SPXE yields 0.94%, so IVV currently pays the higher dividend yield.
Is SPXE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and 5Y, SPXE over 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.