IVV vs SPYT
iShares Core S&P 500 ETF vs Defiance S&P 500 Income Target 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 | SPYT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.92% | |
| AUM | $865.2B | $154M | |
| Dividend Yield | 1.09% | 20.10% | |
| Holdings | 508 | 5 | |
| YTD Return | +14.50% | +11.22% | |
| 1Y Return | +22.02% | +16.70% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 11.0% | |
| Max Drawdown | -56.5% | -18.3% | |
| Fund Family | iShares by BlackRock (US) | Defiance ETFs, LLC | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 7, 2024 |
IVV vs SPYT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Defiance S&P 500 Income Target ETF (SPYT) is a ETF from Defiance ETFs, LLC. Over the past year IVV returned +22.02% while SPYT returned +16.70%. Year to date, IVV is up 14.50% versus a gain of 11.22% for SPYT.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.0% for SPYT. 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 -18.3% for SPYT. 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 0.99. 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 SPYT charges 0.92%. On a $10,000 position that is $3 vs $92 annually, a gap of $89 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 20.10% for SPYT.
Holdings Overlap
IVV and SPYT share 0 holdings out of 507 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 SPYT?
IVV has an expense ratio of 0.03% while SPYT charges 0.92%. IVV is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, IVV or SPYT?
Over the past year IVV returned +22.02% vs +16.70% for SPYT, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.07% vs +15.34% for SPYT. Past performance does not guarantee future results.
Which is riskier, IVV or SPYT?
IVV has been the more volatile fund at 15.1% annualized versus 11.0% for SPYT. Worst drawdown: IVV -56.5% vs SPYT -18.3%.
Should I hold both IVV and SPYT?
IVV and SPYT have a monthly-return correlation of 0.99, 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 SPYT?
IVV and SPYT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or SPYT?
IVV yields 1.09% while SPYT yields 20.10%, so SPYT currently pays the higher dividend yield.
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