IVV vs XLYI
iShares Core S&P 500 ETF vs State Street Consumer Discretionary Select Sector SPDR Premium Income 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 | XLYI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $2M | |
| Dividend Yield | 1.10% | 14.77% | |
| Holdings | 508 | 3 | |
| YTD Return | +12.71% | +3.05% | |
| 1Y Return | +21.89% | +6.28% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 11.1% | |
| Max Drawdown | -56.5% | -12.3% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 29, 2025 |
IVV vs XLYI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) is a ETF from State Street Investment Management. Over the past year IVV returned +21.89% while XLYI returned +6.28%. Year to date, IVV is up 12.71% versus a gain of 3.05% for XLYI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.1% for XLYI. 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 -12.3% for XLYI. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while XLYI 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 14.77% for XLYI.
Holdings Overlap
IVV and XLYI share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or XLYI?
IVV has an expense ratio of 0.03% while XLYI 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 XLYI?
Over the past year IVV returned +21.89% vs +6.28% for XLYI, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs +7.92% for XLYI. Past performance does not guarantee future results.
Which is riskier, IVV or XLYI?
IVV has been the more volatile fund at 15.1% annualized versus 11.1% for XLYI. Worst drawdown: IVV -56.5% vs XLYI -12.3%.
Should I hold both IVV and XLYI?
IVV and XLYI have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XLYI?
IVV and XLYI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or XLYI?
IVV yields 1.10% while XLYI yields 14.77%, so XLYI currently pays the higher dividend yield.
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