IVV vs SPYM
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, IVV or SPYM?
Nearly the same fund. SPYM costs less.
SPYM has a lower expense ratio. IVV led over the full window, SPYM over 1Y and 3Y. The two have moved almost in lockstep, correlation 1.00. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 38.0%.
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 | SPYM |
|---|---|---|
| Expense Ratio | 0.03% | 0.02%Best |
| AUM | $876.4B | $168.9B |
| Dividend Yield | 1.06% | 1.01% |
| Holdings | 508 | 508 |
| YTD Return | +12.27% | +12.28%Best |
| 1Y Return | +17.04% | +17.08%Best |
| 3Y Return (annualized) | +21.24% | +21.27%Best |
| 5Y Return (annualized) | +13.08%Tie | +13.08%Tie |
| Volatility (annualized) | 14.6%Best | 14.7% |
| Max Drawdown | -33.9%Best | -34.3% |
| $10,000 over 5 years | $18,490Tie | $18,490Tie |
| Top 10 Weight | 37.8%Best | 38.0% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Nov 8, 2005 |
Volatility and max drawdown are measured over the window both funds cover: Feb 18, 2014 to Sep 17, 2026 (12.6 years).
IVV vs SPYM 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 12.6 years both funds cover.
IVV vs SPYM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year IVV returned +17.04% while SPYM returned +17.08%. Year to date, IVV is up 12.27% versus a gain of 12.28% for SPYM.
Over three years, IVV compounded at +21.24% per year against +21.27% for SPYM; over five years the annualized figures are +13.08% and +13.08% respectively. Across the full 13-year window we track, IVV has the edge at +12.63% annualized vs +12.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYM has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 14.6% 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 -33.9% for IVV and -34.3% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. 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 SPYM charges 0.02%. On a $10,000 position that is $3 vs $2 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.01% for SPYM.
Holdings Overlap
97.8% of IVV's money is in holdings SPYM also owns. 97.9% of SPYM's money is in holdings IVV also owns.
Most of SPYM is already inside IVV. Owning both mostly buys the same companies twice.
479 positions in common, counted across the 490 positions we hold weights for in IVV and 505 in SPYM, against full books of 508 and 508.
What only one of them owns
Our book lists 22 positions for SPYM that do not appear in our book for IVV (1.8% of the fund), and 6 for IVV that do not appear in SPYM (1.0%).
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 SPYM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 7.71% | 0.36% |
| AAPLApple, Inc | 7.02% | 6.83% | 0.19% |
| MSFTMicrosoft Corp | 5.69% | 5.50% | 0.19% |
| AMZNAmazon.Com Inc | 3.84% | 4.08% | 0.24% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.33% | 0.33% |
| AVGOBroadcom Inc | 2.65% | 2.97% | 0.32% |
| GOOGAlphabet Inc | 2.39% | 2.66% | 0.27% |
| METAMeta Platforms Inc | 1.90% | 1.94% | 0.04% |
| MUMicron Technology, Inc. | 1.63% | 1.51% | 0.12% |
| TSLATesla Inc | 1.56% | 1.38% | 0.18% |
97.9% of SPYM 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 SPYM?
IVV has an expense ratio of 0.03% while SPYM charges 0.02%. SPYM is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, IVV or SPYM?
Over the past year IVV returned +17.04% vs +17.08% for SPYM, so SPYM leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +12.63% vs +12.59% for SPYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPYM?
SPYM has been the more volatile fund at 14.7% annualized versus 14.6% for IVV. Worst drawdown: IVV -33.9% vs SPYM -34.3%.
Should I hold both IVV and SPYM?
IVV and SPYM have a monthly-return correlation of 1.00, 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 SPYM?
97.9% of SPYM's money is in holdings IVV also owns. 97.9% of SPYM's is in holdings IVV also owns. They hold 479 positions in common, counted across the 490 positions we hold weights for in IVV and 505 in SPYM.
Which pays a higher dividend, IVV or SPYM?
IVV yields 1.06% while SPYM yields 1.01%, so IVV currently pays the higher dividend yield.
Is SPYM better than IVV?
SPYM has a lower expense ratio. IVV led over the full window, SPYM over 1Y and 3Y. The two have moved almost in lockstep, correlation 1.00. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.