IVVM vs SPY
iShares Large Cap Moderate Quarterly Laddered ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IVVM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $174M | $789.1B | |
| Dividend Yield | 0.59% | 1.01% | |
| Holdings | 14 | 505 | |
| YTD Return | +8.54% | +13.39% | |
| 1Y Return | +14.14% | +22.52% | |
| 3Y Return (annualized) | +14.01% | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 6.7% | 15.3% | |
| Max Drawdown | -11.6% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2023 | Jan 22, 1993 |
IVVM vs SPY Performance
iShares Large Cap Moderate Quarterly Laddered ETF (IVVM) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IVVM returned +14.14% while SPY returned +22.52%. Year to date, IVVM is up 8.54% versus a gain of 13.39% for SPY.
Over three years, IVVM compounded at +14.01% per year against +21.36% for SPY. Across the full 3-year window we track, IVVM has the edge at +13.80% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.7% for IVVM. 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 -11.6% for IVVM and -56.5% for SPY. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVVM charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, IVVM currently yields 0.59% against 1.01% for SPY.
Holdings Overlap
IVVM and SPY share 0 holdings out of 506 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, IVVM or SPY?
IVVM has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, IVVM or SPY?
Over the past year IVVM returned +14.14% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), IVVM annualized +13.80% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, IVVM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.7% for IVVM. Worst drawdown: IVVM -11.6% vs SPY -56.5%.
Should I hold both IVVM and SPY?
IVVM and SPY have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVVM and SPY?
IVVM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVVM or SPY?
IVVM yields 0.59% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.