IVV vs XCNY
iShares Core S&P 500 ETF vs State Street SPDR S&P Emerging Markets ex-China ETF
Which is better, IVV or XCNY?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over the full window, XCNY over 1Y. XCNY is less concentrated, with 29.8% 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 | XCNY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.19% |
| AUM | $876.4B | $10M |
| Dividend Yield | 1.06% | 2.22% |
| Holdings | 508 | 1,234 |
| YTD Return | +11.03% | +17.55%Best |
| 1Y Return | +15.62% | +24.56%Best |
| 3Y Return (annualized) | +20.81% | - |
| 5Y Return (annualized) | +12.61% | - |
| Volatility (annualized) | 12.8%Best | 14.2% |
| Max Drawdown | -18.8%Best | -18.9% |
| $10,000 over 2 years | $14,002Best | $13,950 |
| Top 10 Weight | 37.8% | 29.8%Best |
| Fund Family | iShares by BlackRock (US) | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Sep 4, 2024 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 5, 2024 to Sep 16, 2026 (2 years).
IVV vs XCNY 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 2 years both funds cover.
IVV vs XCNY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P Emerging Markets ex-China ETF (XCNY) is an ETF from SPDR State Street Global Advisors. Over the past year IVV returned +15.62% while XCNY returned +24.56%. Year to date, IVV is up 11.03% versus a gain of 17.55% for XCNY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XCNY has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.8% 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 -18.8% for IVV and -18.9% for XCNY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while XCNY charges 0.19%. On a $10,000 position that is $3 vs $19 annually, a gap of $16 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.22% for XCNY.
Holdings Overlap
0.5% of IVV's money is in holdings XCNY also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 490 positions we hold weights for in IVV and 1,188 in XCNY, against full books of 508 and 1,234.
What only one of them owns
Our book lists 23 positions for XCNY that do not appear in our book for IVV (2.3% of the fund), and 481 for IVV that do not appear in XCNY (98.1%).
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 XCNY | Difference |
|---|---|---|---|
| PGProcter & Gamble Company | 0.51% | 0.00% | 0.51% |
You are not choosing between two funds in isolation.
Whichever of IVV and XCNY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or XCNY?
IVV has an expense ratio of 0.03% while XCNY charges 0.19%. IVV is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, IVV or XCNY?
Over the past year IVV returned +15.62% vs +24.56% for XCNY, so XCNY leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +18.33% vs +18.11% for XCNY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or XCNY?
XCNY has been the more volatile fund at 14.2% annualized versus 12.8% for IVV. Worst drawdown: IVV -18.8% vs XCNY -18.9%.
Should I hold both IVV and XCNY?
IVV and XCNY have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or XCNY?
IVV yields 1.06% while XCNY yields 2.22%, so XCNY currently pays the higher dividend yield.
Is XCNY better than IVV?
IVV has a lower expense ratio. IVV led over the full window, XCNY over 1Y. XCNY is less concentrated, with 29.8% 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.