IVV vs XLRE
iShares Core S&P 500 ETF vs State Street Real Estate Select Sector SPDR ETF
Which is better, IVV or XLRE?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 59.6%.
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 | XLRE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.08% |
| AUM | $850.0B | $8.3B |
| Dividend Yield | 1.09% | 5.87% |
| Holdings | 1,018 | 66 |
| YTD Return | +11.79% | +12.50%Best |
| 1Y Return | +12.11%Best | +11.01% |
| 3Y Return (annualized) | +21.40%Best | +12.98% |
| 5Y Return (annualized) | +11.69%Best | +1.76% |
| Volatility (annualized) | 14.9%Best | 17.0% |
| Max Drawdown | -33.9%Best | -39.3% |
| $10,000 over 5 years | $17,381Best | $10,912 |
| Top 10 Weight | 38.8%Best | 59.6% |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Oct 7, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Oct 8, 2015 to Nov 12, 2026 (11.1 years).
IVV vs XLRE 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 11.1 years both funds cover.
IVV vs XLRE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street Real Estate Select Sector SPDR ETF (XLRE) is an ETF from State Street Investment Management. Over the past year IVV returned +12.11% while XLRE returned +11.01%. Year to date, IVV is up 11.79% versus a gain of 12.50% for XLRE.
Over three years, IVV compounded at +21.40% per year against +12.98% for XLRE; over five years the annualized figures are +11.69% and +1.76% respectively. Across the full 11-year window we track, IVV has the edge at +13.49% annualized vs +5.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLRE has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 14.9% 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 -33.9% for IVV and -39.3% for XLRE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while XLRE charges 0.08%. On a $10,000 position that is $3 vs $8 annually, a gap of $5 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.87% for XLRE.
Holdings Overlap
1.7% of IVV's money is in holdings XLRE also owns. 99.4% of XLRE's money is in holdings IVV also owns.
Most of XLRE is already inside IVV. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in XLRE, against full books of 1,018 and 66.
What only one of them owns
Our book lists 0 positions for XLRE that do not appear in our book for IVV (0.0% of the fund), and 469 for IVV that do not appear in XLRE (97.9%).
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 XLRE | Difference |
|---|---|---|---|
| WELLWelltower Inc. | 0.25% | 11.57% | 11.32% |
| PLDPrologis Inc | 0.19% | 8.64% | 8.45% |
| EQIXEquinix, Inc. | 0.15% | 7.14% | 6.99% |
| AMTAmerican Tower Corporation | 0.13% | 5.33% | 5.20% |
| SPGSimon Property Group Inc | 0.10% | 4.66% | 4.56% |
| PSAPublic Storage | 0.07% | 4.57% | 4.50% |
| DLRDigital Realty Trust Inc. | 0.09% | 4.48% | 4.39% |
| VTRVentas, Inc. | 0.06% | 4.46% | 4.40% |
| EQRVivmark Residential | 0.07% | 4.37% | 4.30% |
| CBRECbre Group Inc. Class A | 0.06% | 4.35% | 4.29% |
99.4% of XLRE 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 XLRE?
IVV has an expense ratio of 0.03% while XLRE charges 0.08%. IVV is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, IVV or XLRE?
Over the past year IVV returned +12.11% vs +11.01% for XLRE, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +13.49% vs +5.33% for XLRE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or XLRE?
XLRE has been the more volatile fund at 17.0% annualized versus 14.9% for IVV. Worst drawdown: IVV -33.9% vs XLRE -39.3%.
Should I hold both IVV and XLRE?
IVV and XLRE have a monthly-return correlation of 0.74, 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 XLRE?
99.4% of XLRE's money is in holdings IVV also owns. 99.4% of XLRE's is in holdings IVV also owns. They hold 30 positions in common, counted across the 505 positions we hold weights for in IVV and 30 in XLRE.
Which pays a higher dividend, IVV or XLRE?
IVV yields 1.09% while XLRE yields 5.87%, so XLRE currently pays the higher dividend yield.
Is XLRE better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 59.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.