IUSV vs SPY
IUSV vs SPY
iShares Core S&P US Value ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
IUSV has a lower expense ratio. SPY delivered stronger 1-year returns. IUSV offers more diversification with 720 holdings.
Side-by-Side Comparison
| Metric | IUSV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.09% | |
| AUM | $27.3B | $789.1B | |
| Dividend Yield | 1.69% | 1.01% | |
| Holdings | 743 | 505 | |
| YTD Return | +11.28% | +13.10% | |
| 1Y Return | +21.55% | +22.80% | |
| 3Y Return (annualized) | +14.50% | +20.98% | |
| 5Y Return (annualized) | +11.44% | +13.20% | |
| Volatility (annualized) | 15.2% | 15.3% | |
| Max Drawdown | -66.9% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jul 24, 2000 | Jan 22, 1993 |
IUSV vs SPY Performance
iShares Core S&P US Value ETF (IUSV) 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 IUSV returned +21.55% while SPY returned +22.80%. Year to date, IUSV is up 11.28% versus a gain of 13.10% for SPY.
Over three years, IUSV compounded at +14.50% per year against +20.98% for SPY; over five years the annualized figures are +11.44% and +13.20% respectively. Across the full 26-year window we track, SPY has the edge at +8.83% annualized vs +6.62%. 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 15.2% for IUSV. 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 -66.9% for IUSV 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IUSV charges 0.04% per year while SPY charges 0.09%. On a $10,000 position that is $4 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, IUSV currently yields 1.69% against 1.01% for SPY.
Holdings Overlap
IUSV and SPY share 425 holdings out of 798 unique holdings combined, representing a 58.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IUSV | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 7.34% | 7.09% | 0.25% |
| AMZN | 3.59% | 3.69% | 0.10% |
| TSLA | 1.44% | 1.82% | 0.38% |
| INTC | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
See all 10 holdings IUSV 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, IUSV or SPY?
IUSV has an expense ratio of 0.04% while SPY charges 0.09%. IUSV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, IUSV or SPY?
Over the past year IUSV returned +21.55% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (26 years), IUSV annualized +6.62% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, IUSV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 15.2% for IUSV. Worst drawdown: IUSV -66.9% vs SPY -56.5%.
Should I hold both IUSV and SPY?
IUSV and SPY have a monthly-return correlation of 0.94, 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 IUSV and SPY?
IUSV and SPY share 425 common holdings with a 58.1% weight overlap. Combined, they hold 798 unique securities.
Which pays a higher dividend, IUSV or SPY?
IUSV yields 1.69% while SPY yields 1.01%, so IUSV currently pays the higher dividend yield.
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