IVV vs SPYG
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 Growth ETF
Quick Verdict
IVV has a lower expense ratio. SPYG delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPYG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.04% | |
| AUM | $907.0B | $55.7B | |
| Dividend Yield | 1.10% | 0.49% | |
| Holdings | 508 | 149 | |
| YTD Return | +12.76% | +12.70% | |
| 1Y Return | +20.14% | +20.72% | |
| 3Y Return (annualized) | +21.69% | +26.02% | |
| 5Y Return (annualized) | +13.00% | +13.27% | |
| Volatility (annualized) | 15.1% | 17.7% | |
| Max Drawdown | -56.5% | -69.7% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 25, 2000 |
IVV vs SPYG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is a ETF from State Street Investment Management. Over the past year IVV returned +20.14% while SPYG returned +20.72%. Year to date, IVV is up 12.76% versus a gain of 12.70% for SPYG.
Over three years, IVV compounded at +21.69% per year against +26.02% for SPYG; over five years the annualized figures are +13.00% and +13.27% respectively. Across the full 26-year window we track, IVV has the edge at +6.99% annualized vs +6.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYG has been the more volatile fund, with annualized monthly volatility of 17.7% 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 -69.7% for SPYG. 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 0.94. 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 SPYG charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.49% for SPYG.
Holdings Overlap
IVV and SPYG share 144 holdings out of 509 unique holdings combined, representing a 64.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or SPYG?
IVV has an expense ratio of 0.03% while SPYG charges 0.04%. IVV is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or SPYG?
Over the past year IVV returned +20.14% vs +20.72% for SPYG, so SPYG leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.99% vs +6.55% for SPYG. Past performance does not guarantee future results.
Which is riskier, IVV or SPYG?
SPYG has been the more volatile fund at 17.7% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPYG -69.7%.
Should I hold both IVV and SPYG?
IVV and SPYG have a monthly-return correlation of 0.94, 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 SPYG?
IVV and SPYG share 144 common holdings with a 64.6% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, IVV or SPYG?
IVV yields 1.10% while SPYG yields 0.49%, so IVV currently pays the higher dividend yield.
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