IVV vs SPYC
iShares Core S&P 500 ETF vs Simplify US Equity PLUS Convexity 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 | SPYC | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.53% | |
| AUM | $907.0B | $120M | |
| Dividend Yield | 1.10% | 0.89% | |
| Holdings | 508 | 24 | |
| YTD Return | +12.28% | +8.78% | |
| 1Y Return | +20.94% | +14.06% | |
| 3Y Return (annualized) | +21.81% | +18.62% | |
| 5Y Return (annualized) | +13.05% | +8.97% | |
| Volatility (annualized) | 15.1% | 16.6% | |
| Max Drawdown | -56.5% | -28.5% | |
| Fund Family | iShares by BlackRock (US) | Simplify Exchange Traded Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 3, 2020 |
IVV vs SPYC Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Simplify US Equity PLUS Convexity ETF (SPYC) is a ETF from Simplify Exchange Traded Funds. Over the past year IVV returned +20.94% while SPYC returned +14.06%. Year to date, IVV is up 12.28% versus a gain of 8.78% for SPYC.
Over three years, IVV compounded at +21.81% per year against +18.62% for SPYC; over five years the annualized figures are +13.05% and +8.97% respectively. Across the full 6-year window we track, SPYC has the edge at +12.33% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYC has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -28.5% for SPYC. 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 0.93. 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 SPYC charges 0.53%. On a $10,000 position that is $3 vs $53 annually, a gap of $50 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.89% for SPYC.
Holdings Overlap
IVV and SPYC share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPYC?
IVV has an expense ratio of 0.03% while SPYC charges 0.53%. IVV is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, IVV or SPYC?
Over the past year IVV returned +20.94% vs +14.06% for SPYC, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +6.98% vs +12.33% for SPYC. Past performance does not guarantee future results.
Which is riskier, IVV or SPYC?
SPYC has been the more volatile fund at 16.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPYC -28.5%.
Should I hold both IVV and SPYC?
IVV and SPYC have a monthly-return correlation of 0.93, 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 SPYC?
IVV and SPYC share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or SPYC?
IVV yields 1.10% while SPYC yields 0.89%, so IVV currently pays the higher dividend yield.
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