IVV vs SPYV
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 Value 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 | SPYV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.04% | |
| AUM | $907.0B | $36.8B | |
| Dividend Yield | 1.10% | 1.69% | |
| Holdings | 508 | 440 | |
| YTD Return | +12.28% | +11.90% | |
| 1Y Return | +20.94% | +19.13% | |
| 3Y Return (annualized) | +21.81% | +16.08% | |
| 5Y Return (annualized) | +13.05% | +11.66% | |
| Volatility (annualized) | 15.1% | 25.1% | |
| Max Drawdown | -56.5% | -60.4% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 25, 2000 |
IVV vs SPYV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is a ETF from State Street Investment Management. Over the past year IVV returned +20.94% while SPYV returned +19.13%. Year to date, IVV is up 12.28% versus a gain of 11.90% for SPYV.
Over three years, IVV compounded at +21.81% per year against +16.08% for SPYV; over five years the annualized figures are +13.05% and +11.66% respectively. Across the full 26-year window we track, SPYV has the edge at +8.63% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 25.1% 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 -60.4% for SPYV. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPYV 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 1.69% for SPYV.
Holdings Overlap
IVV and SPYV share 430 holdings out of 514 unique holdings combined, representing a 58.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or SPYV?
IVV has an expense ratio of 0.03% while SPYV 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 SPYV?
Over the past year IVV returned +20.94% vs +19.13% for SPYV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.98% vs +8.63% for SPYV. Past performance does not guarantee future results.
Which is riskier, IVV or SPYV?
SPYV has been the more volatile fund at 25.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPYV -60.4%.
Should I hold both IVV and SPYV?
IVV and SPYV have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPYV?
IVV and SPYV share 430 common holdings with a 58.0% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVV or SPYV?
IVV yields 1.10% while SPYV yields 1.69%, so SPYV currently pays the higher dividend yield.
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