IVV vs SPYD
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 High Dividend 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 | SPYD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.07% | |
| AUM | $907.0B | $7.8B | |
| Dividend Yield | 1.10% | 4.10% | |
| Holdings | 508 | 81 | |
| YTD Return | +12.71% | +18.17% | |
| 1Y Return | +21.89% | +19.72% | |
| 3Y Return (annualized) | +22.08% | +16.73% | |
| 5Y Return (annualized) | +12.96% | +9.49% | |
| Volatility (annualized) | 15.1% | 17.8% | |
| Max Drawdown | -56.5% | -47.3% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 21, 2015 |
IVV vs SPYD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is a ETF from State Street Investment Management. Over the past year IVV returned +21.89% while SPYD returned +19.72%. Year to date, IVV is up 12.71% versus a gain of 18.17% for SPYD.
Over three years, IVV compounded at +22.08% per year against +16.73% for SPYD; over five years the annualized figures are +12.96% and +9.49% respectively. Across the full 11-year window we track, SPYD has the edge at +7.21% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYD has been the more volatile fund, with annualized monthly volatility of 17.8% 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 -47.3% for SPYD. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPYD charges 0.07%. On a $10,000 position that is $3 vs $7 annually, a gap of $4 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.10% for SPYD.
Holdings Overlap
IVV and SPYD share 76 holdings out of 508 unique holdings combined, representing a 5.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or SPYD?
IVV has an expense ratio of 0.03% while SPYD charges 0.07%. IVV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, IVV or SPYD?
Over the past year IVV returned +21.89% vs +19.72% for SPYD, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.00% vs +7.21% for SPYD. Past performance does not guarantee future results.
Which is riskier, IVV or SPYD?
SPYD has been the more volatile fund at 17.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPYD -47.3%.
Should I hold both IVV and SPYD?
IVV and SPYD have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPYD?
IVV and SPYD share 76 common holdings with a 5.7% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or SPYD?
IVV yields 1.10% while SPYD yields 4.10%, so SPYD currently pays the higher dividend yield.
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