IVV vs SPYV
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 Value ETF
Which is better, IVV or SPYV?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, SPYV over the full window. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 37.8%.
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 | SPYV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $876.4B | $36.6B |
| Dividend Yield | 1.06% | 1.65% |
| Holdings | 508 | 440 |
| YTD Return | +12.27%Best | +10.85% |
| 1Y Return | +17.04%Best | +16.36% |
| 3Y Return (annualized) | +21.24%Best | +15.22% |
| 5Y Return (annualized) | +13.08%Best | +11.66% |
| Volatility (annualized) | 15.1%Best | 25.1% |
| Max Drawdown | -56.5%Best | -60.4% |
| $10,000 over 5 years | $18,490Best | $17,358 |
| Top 10 Weight | 37.8% | 23.7%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2000 to Sep 17, 2026 (26 years).
IVV vs SPYV 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 SPYV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an ETF from State Street Investment Management. Over the past year IVV returned +17.04% while SPYV returned +16.36%. Year to date, IVV is up 12.27% versus a gain of 10.85% for SPYV.
Over three years, IVV compounded at +21.24% per year against +15.22% for SPYV; over five years the annualized figures are +13.08% and +11.66% respectively. Across the full 26-year window we track, SPYV has the edge at +8.57% annualized vs +6.97%.
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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
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 1.06% against 1.65% for SPYV.
Holdings Overlap
59.5% of IVV's money is in holdings SPYV also owns. 95.9% of SPYV's money is in holdings IVV also owns.
Most of SPYV is already inside IVV. Owning both mostly buys the same companies twice.
416 positions in common, counted across the 490 positions we hold weights for in IVV and 439 in SPYV, against full books of 508 and 440.
What only one of them owns
Our book lists 19 positions for SPYV that do not appear in our book for IVV (3.3% of the fund), and 69 for IVV that do not appear in SPYV (39.3%).
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 SPYV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 7.94% | 0.92% |
| AMZNAmazon.Com Inc | 3.84% | 3.90% | 0.06% |
| XOMExxon Mobil Corp. | 1.01% | 2.27% | 1.26% |
| TSLATesla Inc | 1.56% | 1.27% | 0.29% |
| JPMJpmorgan Chase | 1.44% | 1.01% | 0.43% |
| WMTWalmart, Inc. | 0.69% | 1.54% | 0.85% |
| INTCIntel Corporation | 0.67% | 1.46% | 0.79% |
| COSTCostco Wholesale Corp. | 0.63% | 1.39% | 0.76% |
| CVXChevron Corp | 0.58% | 1.31% | 0.73% |
| VVisa Inc Class A | 0.95% | 0.93% | 0.02% |
95.9% of SPYV 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 SPYV?
IVV has an expense ratio of 0.03% while SPYV charges 0.04%. IVV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, IVV or SPYV?
Over the past year IVV returned +17.04% vs +16.36% for SPYV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.97% vs +8.57% for SPYV. Past performance does not guarantee future results. This is information, not a recommendation.
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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and SPYV?
95.9% of SPYV's money is in holdings IVV also owns. 95.9% of SPYV's is in holdings IVV also owns. They hold 416 positions in common, counted across the 490 positions we hold weights for in IVV and 439 in SPYV.
Which pays a higher dividend, IVV or SPYV?
IVV yields 1.06% while SPYV yields 1.65%, so SPYV currently pays the higher dividend yield.
Is SPYV better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, SPYV over the full window. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.