IVV vs SPXT
iShares Core S&P 500 ETF vs ProShares S&P 500 Ex-Technology ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPXT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $907.0B | $293M | |
| Dividend Yield | 1.10% | 1.34% | |
| Holdings | 508 | 430 | |
| YTD Return | +12.76% | +8.95% | |
| 1Y Return | +20.63% | +15.51% | |
| 3Y Return (annualized) | +21.71% | +17.01% | |
| 5Y Return (annualized) | +12.87% | +9.47% | |
| Volatility (annualized) | 15.1% | 14.4% | |
| Max Drawdown | -56.5% | -34.4% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 22, 2015 |
IVV vs SPXT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares S&P 500 Ex-Technology ETF (SPXT) is a ETF from ProShares. Over the past year IVV returned +20.63% while SPXT returned +15.51%. Year to date, IVV is up 12.76% versus a gain of 8.95% for SPXT.
Over three years, IVV compounded at +21.71% per year against +17.01% for SPXT; over five years the annualized figures are +12.87% and +9.47% respectively. Across the full 11-year window we track, SPXT has the edge at +10.82% annualized vs +6.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.4% 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 -56.5% for IVV and -34.4% for SPXT. 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 0.95. 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 1.10% against 1.34% for SPXT.
Holdings Overlap
IVV and SPXT share 415 holdings out of 519 unique holdings combined, representing a 60.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
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. On a $10,000 investment, that is $6 per year of difference.
Which performed better, IVV or SPXT?
Over the past year IVV returned +20.63% vs +15.51% for SPXT, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +6.99% vs +10.82% for SPXT. Past performance does not guarantee future results.
Which is riskier, IVV or SPXT?
IVV has been the more volatile fund at 15.1% annualized versus 14.4% for SPXT. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and SPXT?
IVV and SPXT share 415 common holdings with a 60.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, IVV or SPXT?
IVV yields 1.10% while SPXT yields 1.34%, so SPXT currently pays the higher dividend yield.
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