IVV vs XTN
iShares Core S&P 500 ETF vs State Street SPDR S&P Transportation ETF
Which is better, IVV or XTN?
Large Cap Blend against Mid Cap Blend.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, XTN over 1Y. XTN is less concentrated, with 30.2% of the fund in its ten largest positions against 37.8%.
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 | XTN |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $876.4B | $348M |
| Dividend Yield | 1.06% | 0.70% |
| Holdings | 508 | 44 |
| YTD Return | +14.15%Best | +9.31% |
| 1Y Return | +17.31% | +19.56%Best |
| 3Y Return (annualized) | +23.17%Best | +11.41% |
| 5Y Return (annualized) | +13.85%Best | +4.32% |
| Volatility (annualized) | 14.2%Best | 23.1% |
| Max Drawdown | -33.9%Best | -44.9% |
| $10,000 over 5 years | $19,128Best | $12,355 |
| Top 10 Weight | 37.8% | 30.2%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Blend |
| Inception | May 15, 2000 | Jan 26, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jan 27, 2011 to Sep 21, 2026 (15.6 years).
IVV vs XTN 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 15.6 years both funds cover.
IVV vs XTN Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P Transportation ETF (XTN) is an ETF from State Street Investment Management. Over the past year IVV returned +17.31% while XTN returned +19.56%. Year to date, IVV is up 14.15% versus a gain of 9.31% for XTN.
Over three years, IVV compounded at +23.17% per year against +11.41% for XTN; over five years the annualized figures are +13.85% and +4.32% respectively. Across the full 16-year window we track, IVV has the edge at +12.64% annualized vs +9.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XTN has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 14.2% 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 -44.9% for XTN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while XTN 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 1.06% against 0.70% for XTN.
Holdings Overlap
1.3% of IVV's money is in holdings XTN also owns. 37.6% of XTN's money is in holdings IVV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 490 positions we hold weights for in IVV and 44 in XTN, against full books of 508 and 44.
What only one of them owns
Measured across the 490 and 44 positions we hold weights for.
IVV holds 468 positions XTN does not, 97.3% of the fund.
Largest: NVDA 8.07%, AAPL 7.02%, MSFT 5.69%, AMZN 3.84%, GOOGL 3.00%
Top Shared Holdings
| Stock | Weight in IVV | Weight in XTN | Difference |
|---|---|---|---|
| UNPUnion Pacific Corp | 0.27% | 3.02% | 2.75% |
| UBERUber Technologies Inc | 0.23% | 2.96% | 2.73% |
| EXPDExpeditors International Of Washington Inc | 0.04% | 3.10% | 3.06% |
| NSCNorfolk Southern Corp | 0.12% | 2.98% | 2.86% |
| CSXCsx Corp. | 0.14% | 2.93% | 2.79% |
| UALUnited Airlines Holdings Inc. | 0.05% | 2.83% | 2.78% |
| FDXFedex Corp | 0.11% | 2.76% | 2.65% |
| UPSUnited Parcel Service, Inc | 0.12% | 2.71% | 2.59% |
| DALDl Co., Ltd. | 0.08% | 2.74% | 2.66% |
| JBHTJb Hunt Transport Services Inc. | 0.03% | 2.54% | 2.51% |
37.6% of XTN 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.
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Frequently Asked Questions
Which is cheaper, IVV or XTN?
IVV has an expense ratio of 0.03% while XTN charges 0.35%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, IVV or XTN?
Over the past year IVV returned +17.31% vs +19.56% for XTN, so XTN leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +12.64% vs +9.46% for XTN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or XTN?
XTN has been the more volatile fund at 23.1% annualized versus 14.2% for IVV. Worst drawdown: IVV -33.9% vs XTN -44.9%.
Should I hold both IVV and XTN?
IVV and XTN have a monthly-return correlation of 0.82, 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 XTN?
37.6% of XTN's money is in holdings IVV also owns. 37.6% of XTN's is in holdings IVV also owns. They hold 14 positions in common, counted across the 490 positions we hold weights for in IVV and 44 in XTN.
Which pays a higher dividend, IVV or XTN?
IVV yields 1.06% while XTN yields 0.70%, so IVV currently pays the higher dividend yield.
Is XTN better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, XTN over 1Y. XTN is less concentrated, with 30.2% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.