IVV vs XSD
iShares Core S&P 500 ETF vs State Street SPDR S&P Semiconductor ETF
Quick Verdict
IVV has a lower expense ratio. XSD delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | XSD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $2.9B | |
| Dividend Yield | 1.10% | 0.16% | |
| Holdings | 508 | 49 | |
| YTD Return | +14.29% | +62.45% | |
| 1Y Return | +21.79% | +91.45% | |
| 3Y Return (annualized) | +22.19% | +38.13% | |
| 5Y Return (annualized) | +13.28% | +23.31% | |
| Volatility (annualized) | 15.1% | 29.9% | |
| Max Drawdown | -56.5% | -64.9% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 31, 2006 |
IVV vs XSD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P Semiconductor ETF (XSD) is a ETF from State Street Investment Management. Over the past year IVV returned +21.79% while XSD returned +91.45%. Year to date, IVV is up 14.29% versus a gain of 62.45% for XSD.
Over three years, IVV compounded at +22.19% per year against +38.13% for XSD; over five years the annualized figures are +13.28% and +23.31% respectively. Across the full 21-year window we track, XSD has the edge at +15.91% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XSD has been the more volatile fund, with annualized monthly volatility of 29.9% 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 -64.9% for XSD. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while XSD 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 0.16% for XSD.
Holdings Overlap
IVV and XSD share 15 holdings out of 537 unique holdings combined, representing a 11.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or XSD?
IVV has an expense ratio of 0.03% while XSD 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 XSD?
Over the past year IVV returned +21.79% vs +91.45% for XSD, so XSD leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.06% vs +15.91% for XSD. Past performance does not guarantee future results.
Which is riskier, IVV or XSD?
XSD has been the more volatile fund at 29.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs XSD -64.9%.
Should I hold both IVV and XSD?
IVV and XSD have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and XSD?
IVV and XSD share 15 common holdings with a 11.0% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, IVV or XSD?
IVV yields 1.10% while XSD yields 0.16%, so IVV currently pays the higher dividend yield.
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