IVV vs SPXT
iShares Core S&P 500 ETF vs ProShares S&P 500 Ex-Technology ETF
Which is better, IVV or SPXT?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPXT is less concentrated, with 30.4% 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 | SPXT |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.09% |
| AUM | $876.4B | $295M |
| Dividend Yield | 1.06% | 1.33% |
| Holdings | 508 | 430 |
| YTD Return | +12.01%Best | +6.83% |
| 1Y Return | +16.48%Best | +10.98% |
| 3Y Return (annualized) | +21.21%Best | +15.80% |
| 5Y Return (annualized) | +12.95%Best | +9.32% |
| Volatility (annualized) | 15.2% | 14.3%Best |
| Max Drawdown | -33.9%Best | -34.4% |
| $10,000 over 5 years | $18,384Best | $15,613 |
| Top 10 Weight | 37.8% | 30.4%Best |
| 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 SPXT 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 SPXT Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares S&P 500 Ex-Technology ETF (SPXT) is an ETF from ProShares. Over the past year IVV returned +16.48% while SPXT returned +10.98%. Year to date, IVV is up 12.01% versus a gain of 6.83% for SPXT.
Over three years, IVV compounded at +21.21% per year against +15.80% for SPXT; over five years the annualized figures are +12.95% and +9.32% respectively. Across the full 11-year window we track, IVV has the edge at +14.05% annualized vs +10.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.3% for SPXT. 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 -34.4% for SPXT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 SPXT 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 1.33% for SPXT.
Holdings Overlap
59.9% of IVV's money is in holdings SPXT also owns. 96.3% of SPXT's money is in holdings IVV also owns.
Most of SPXT is already inside IVV. Owning both mostly buys the same companies twice.
404 positions in common, counted across the 490 positions we hold weights for in IVV and 429 in SPXT, against full books of 508 and 430.
What only one of them owns
Our book lists 18 positions for SPXT that do not appear in our book for IVV (2.6% of the fund), and 81 for IVV that do not appear in SPXT (38.8%).
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 SPXT | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.84% | 6.18% | 2.34% |
| GOOGLAlphabet Inc,class A | 3.00% | 4.84% | 1.84% |
| GOOGAlphabet Inc | 2.39% | 3.85% | 1.46% |
| METAMeta Platforms Inc | 1.90% | 3.05% | 1.15% |
| TSLATesla Inc | 1.56% | 2.52% | 0.96% |
| JPMJpmorgan Chase | 1.44% | 2.32% | 0.88% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 2.25% | 0.86% |
| LLYEli Lilly & Co. | 1.38% | 2.22% | 0.84% |
| XOMExxon Mobil Corp. | 1.01% | 1.62% | 0.61% |
| JNJJohnson & Johnson - Common | 0.97% | 1.56% | 0.59% |
96.3% of SPXT 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 SPXT?
IVV has an expense ratio of 0.03% while SPXT charges 0.09%. IVV is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, IVV or SPXT?
Over the past year IVV returned +16.48% vs +10.98% for SPXT, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +14.05% vs +10.56% for SPXT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPXT?
IVV has been the more volatile fund at 15.2% annualized versus 14.3% for SPXT. Worst drawdown: IVV -33.9% vs SPXT -34.4%.
Should I hold both IVV and SPXT?
IVV and SPXT have a monthly-return correlation of 0.95, 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 SPXT?
96.3% of SPXT's money is in holdings IVV also owns. 96.3% of SPXT's is in holdings IVV also owns. They hold 404 positions in common, counted across the 490 positions we hold weights for in IVV and 429 in SPXT.
Which pays a higher dividend, IVV or SPXT?
IVV yields 1.06% while SPXT yields 1.33%, so SPXT currently pays the higher dividend yield.
Is SPXT better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. SPXT is less concentrated, with 30.4% 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.