ISCV vs SPY
ISCV vs SPY
iShares Morningstar Small-Cap Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
ISCV has a lower expense ratio. ISCV delivered stronger 1-year returns. ISCV offers more diversification with 1012 holdings.
Side-by-Side Comparison
| Metric | ISCV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.09% | |
| AUM | $692M | $789.1B | |
| Dividend Yield | 1.85% | 1.01% | |
| Holdings | 1,057 | 505 | |
| YTD Return | +17.58% | +11.49% | |
| 1Y Return | +32.08% | +21.37% | |
| 3Y Return (annualized) | +14.83% | +20.76% | |
| 5Y Return (annualized) | +9.53% | +12.94% | |
| Volatility (annualized) | 20.8% | 15.3% | |
| Max Drawdown | -64.8% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2004 | Jan 22, 1993 |
ISCV vs SPY Performance
iShares Morningstar Small-Cap Value ETF (ISCV) 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 ISCV returned +32.08% while SPY returned +21.37%. Year to date, ISCV is up 17.58% versus a gain of 11.49% for SPY.
Over three years, ISCV compounded at +14.83% per year against +20.76% for SPY; over five years the annualized figures are +9.53% and +12.94% respectively. Across the full 22-year window we track, SPY has the edge at +8.78% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ISCV has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 15.3% for SPY. 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 -64.8% for ISCV 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ISCV charges 0.06% per year while SPY charges 0.09%. On a $10,000 position that is $6 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, ISCV currently yields 1.85% against 1.01% for SPY.
Holdings Overlap
ISCV and SPY share 60 holdings out of 1455 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ISCV | Weight in SPY | Difference |
|---|---|---|---|
| HST | 0.50% | 0.02% | 0.48% |
| BBY | 0.49% | 0.02% | 0.47% |
| GEN | 0.47% | 0.02% | 0.45% |
| SWK | Pro | Pro | Pro |
| GL | Pro | Pro | Pro |
| AIZ | Pro | Pro | Pro |
| MKC | Pro | Pro | Pro |
| PNW | Pro | Pro | Pro |
| APTV | Pro | Pro | Pro |
| SJM | Pro | Pro | Pro |
See all 10 holdings ISCV shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ISCV or SPY?
ISCV has an expense ratio of 0.06% while SPY charges 0.09%. ISCV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, ISCV or SPY?
Over the past year ISCV returned +32.08% vs +21.37% for SPY, so ISCV leads on 1-year performance. Over the longest common window we track (22 years), ISCV annualized +7.06% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, ISCV or SPY?
ISCV has been the more volatile fund at 20.8% annualized versus 15.3% for SPY. Worst drawdown: ISCV -64.8% vs SPY -56.5%.
Should I hold both ISCV and SPY?
ISCV and SPY 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 ISCV and SPY?
ISCV and SPY share 60 common holdings with a 1.0% weight overlap. Combined, they hold 1455 unique securities.
Which pays a higher dividend, ISCV or SPY?
ISCV yields 1.85% while SPY yields 1.01%, so ISCV currently pays the higher dividend yield.
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