IVV vs SPYG
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 Growth ETF
Which is better, IVV or SPYG?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over the full window, SPYG over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 59.4%.
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 | SPYG |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $876.4B | $53.9B |
| Dividend Yield | 1.06% | 0.48% |
| Holdings | 508 | 149 |
| YTD Return | +12.39% | +14.08%Best |
| 1Y Return | +16.61% | +17.42%Best |
| 3Y Return (annualized) | +21.38% | +26.35%Best |
| 5Y Return (annualized) | +13.51% | +13.99%Best |
| Volatility (annualized) | 15.1%Best | 17.7% |
| Max Drawdown | -56.5%Best | -69.7% |
| $10,000 over 5 years | $18,844 | $19,246Best |
| Top 10 Weight | 37.8%Best | 59.4% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2000 to Sep 18, 2026 (26 years).
IVV vs SPYG 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 26 years both funds cover.
IVV vs SPYG Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an ETF from State Street Investment Management. Over the past year IVV returned +16.61% while SPYG returned +17.42%. Year to date, IVV is up 12.39% versus a gain of 14.08% for SPYG.
Over three years, IVV compounded at +21.38% per year against +26.35% for SPYG; over five years the annualized figures are +13.51% and +13.99% respectively. Across the full 26-year window we track, IVV has the edge at +6.98% annualized vs +6.58%.
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 what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.48% for SPYG.
Holdings Overlap
67.0% of IVV's money is in holdings SPYG also owns. 99.5% of SPYG's money is in holdings IVV also owns.
Most of SPYG is already inside IVV. Owning both mostly buys the same companies twice.
145 positions in common, counted across the 490 positions we hold weights for in IVV and 149 in SPYG, against full books of 508 and 149.
What only one of them owns
Our book lists 4 positions for SPYG that do not appear in our book for IVV (0.4% of the fund), and 338 for IVV that do not appear in SPYG (31.6%).
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 SPYG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 14.85% | 6.78% |
| MSFTMicrosoft Corp | 5.69% | 10.47% | 4.78% |
| AAPLApple, Inc | 7.02% | 6.46% | 0.56% |
| GOOGLAlphabet Inc,class A | 3.00% | 5.53% | 2.53% |
| AMZNAmazon.Com Inc | 3.84% | 3.74% | 0.10% |
| AVGOBroadcom Inc | 2.65% | 4.87% | 2.22% |
| GOOGAlphabet Inc | 2.39% | 4.40% | 2.01% |
| METAMeta Platforms Inc | 1.90% | 3.49% | 1.59% |
| MUMicron Technology, Inc. | 1.63% | 3.00% | 1.37% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 2.57% | 1.18% |
99.5% of SPYG 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 SPYG?
IVV has an expense ratio of 0.03% while SPYG charges 0.04%. IVV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, IVV or SPYG?
Over the past year IVV returned +16.61% vs +17.42% for SPYG, so SPYG leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.98% vs +6.58% for SPYG. Past performance does not guarantee future results. This is information, not a recommendation.
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. 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 SPYG?
99.5% of SPYG's money is in holdings IVV also owns. 99.5% of SPYG's is in holdings IVV also owns. They hold 145 positions in common, counted across the 490 positions we hold weights for in IVV and 149 in SPYG.
Which pays a higher dividend, IVV or SPYG?
IVV yields 1.06% while SPYG yields 0.48%, so IVV currently pays the higher dividend yield.
Is SPYG better than IVV?
IVV has a lower expense ratio. IVV led over the full window, SPYG over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 59.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.