IVV vs XES
iShares Core S&P 500 ETF vs State Street SPDR S&P Oil & Gas Equipment & Services ETF
Quick Verdict
IVV has a lower expense ratio. XES delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | XES | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $382M | |
| Dividend Yield | 1.10% | 1.17% | |
| Holdings | 508 | 36 | |
| YTD Return | +13.74% | +48.81% | |
| 1Y Return | +21.54% | +93.43% | |
| 3Y Return (annualized) | +22.61% | +12.24% | |
| 5Y Return (annualized) | +13.31% | +22.41% | |
| Volatility (annualized) | 15.1% | 39.8% | |
| Max Drawdown | -56.5% | -96.1% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 19, 2006 |
IVV vs XES Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P Oil & Gas Equipment & Services ETF (XES) is a ETF from State Street Investment Management. Over the past year IVV returned +21.54% while XES returned +93.43%. Year to date, IVV is up 13.74% versus a gain of 48.81% for XES.
Over three years, IVV compounded at +22.61% per year against +12.24% for XES; over five years the annualized figures are +13.31% and +22.41% respectively. Across the full 20-year window we track, IVV has the edge at +7.04% annualized vs -3.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XES has been the more volatile fund, with annualized monthly volatility of 39.8% 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 -96.1% for XES. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while XES charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.17% for XES.
Holdings Overlap
IVV and XES share 3 holdings out of 537 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or XES?
IVV has an expense ratio of 0.03% while XES charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or XES?
Over the past year IVV returned +21.54% vs +93.43% for XES, so XES leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs -3.65% for XES. Past performance does not guarantee future results.
Which is riskier, IVV or XES?
XES has been the more volatile fund at 39.8% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XES -96.1%.
Should I hold both IVV and XES?
IVV and XES have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XES?
IVV and XES share 3 common holdings with a 0.2% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, IVV or XES?
IVV yields 1.10% while XES yields 1.17%, so XES currently pays the higher dividend yield.
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