ISPY vs IVV
ISPY vs IVV
ProShares S&P 500 High Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ISPY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $1.2B | $865.2B | |
| Dividend Yield | 4.45% | 1.09% | |
| Holdings | 512 | 508 | |
| YTD Return | +5.34% | +11.54% | |
| 1Y Return | +13.80% | +21.48% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 15.5% | 15.1% | |
| Max Drawdown | -18.4% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 18, 2023 | May 15, 2000 |
ISPY vs IVV Performance
ProShares S&P 500 High Income ETF (ISPY) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ISPY returned +13.80% while IVV returned +21.48%. Year to date, ISPY is up 5.34% versus a gain of 11.54% for IVV.
Risk: Volatility and Drawdowns
ISPY has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -18.4% for ISPY and -56.5% for IVV. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ISPY charges 0.56% per year while IVV charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, ISPY currently yields 4.45% against 1.09% for IVV.
Holdings Overlap
ISPY and IVV share 487 holdings out of 522 unique holdings combined, representing a 81.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in ISPY | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 6.18% | 7.76% | 1.58% |
| AAPL | 5.99% | 7.44% | 1.45% |
| MSFT | 3.75% | 4.57% | 0.82% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings ISPY shares with IVV 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, ISPY or IVV?
ISPY has an expense ratio of 0.56% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, ISPY or IVV?
Over the past year ISPY returned +13.80% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), ISPY annualized +7.60% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, ISPY or IVV?
ISPY has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: ISPY -18.4% vs IVV -56.5%.
Should I hold both ISPY and IVV?
ISPY and IVV have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ISPY and IVV?
ISPY and IVV share 487 common holdings with a 81.4% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, ISPY or IVV?
ISPY yields 4.45% while IVV yields 1.09%, so ISPY currently pays the higher dividend yield.
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