IVV vs XME
iShares Core S&P 500 ETF vs State Street SPDR S&P Metals & Mining ETF
Quick Verdict
IVV has a lower expense ratio. XME delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | XME | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $4.5B | |
| Dividend Yield | 1.10% | 0.37% | |
| Holdings | 508 | 41 | |
| YTD Return | +12.28% | +6.81% | |
| 1Y Return | +20.94% | +49.31% | |
| 3Y Return (annualized) | +21.81% | +31.85% | |
| 5Y Return (annualized) | +13.05% | +23.54% | |
| Volatility (annualized) | 15.1% | 34.5% | |
| Max Drawdown | -56.5% | -87.3% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 19, 2006 |
IVV vs XME Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P Metals & Mining ETF (XME) is a ETF from State Street Investment Management. Over the past year IVV returned +20.94% while XME returned +49.31%. Year to date, IVV is up 12.28% versus a gain of 6.81% for XME.
Over three years, IVV compounded at +21.81% per year against +31.85% for XME; over five years the annualized figures are +13.05% and +23.54% respectively. Across the full 20-year window we track, IVV has the edge at +6.98% annualized vs +4.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XME has been the more volatile fund, with annualized monthly volatility of 34.5% 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 -87.3% for XME. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while XME 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 0.37% for XME.
Holdings Overlap
IVV and XME share 3 holdings out of 542 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or XME?
IVV has an expense ratio of 0.03% while XME 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 XME?
Over the past year IVV returned +20.94% vs +49.31% for XME, so XME leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +6.98% vs +4.99% for XME. Past performance does not guarantee future results.
Which is riskier, IVV or XME?
XME has been the more volatile fund at 34.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XME -87.3%.
Should I hold both IVV and XME?
IVV and XME have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XME?
IVV and XME share 3 common holdings with a 0.3% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, IVV or XME?
IVV yields 1.10% while XME yields 0.37%, so IVV currently pays the higher dividend yield.
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