IVV vs SPBO
IVV vs SPBO
iShares Core S&P 500 ETF vs State Street SPDR Portfolio Corporate Bond ETF
Quick Verdict
IVV delivered stronger 1-year returns. SPBO offers more diversification with 954 holdings.
Side-by-Side Comparison
| Metric | IVV | SPBO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $2.1B | |
| Dividend Yield | 1.09% | 5.10% | |
| Holdings | 508 | 4,021 | |
| YTD Return | +13.80% | -0.31% | |
| 1Y Return | +23.70% | +2.12% | |
| 3Y Return (annualized) | +21.49% | +5.05% | |
| 5Y Return (annualized) | +13.43% | +0.02% | |
| Volatility (annualized) | 15.1% | 6.1% | |
| Max Drawdown | -56.5% | -22.4% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Apr 6, 2011 |
IVV vs SPBO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio Corporate Bond ETF (SPBO) is a ETF from State Street Investment Management. Over the past year IVV returned +23.70% while SPBO returned +2.12%. Year to date, IVV is up 13.80% versus a loss of 0.31% for SPBO.
Over three years, IVV compounded at +21.49% per year against +5.05% for SPBO; over five years the annualized figures are +13.43% and +0.02% respectively. Across the full 15-year window we track, IVV has the edge at +7.05% annualized vs +1.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.1% for SPBO. 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 -56.5% for IVV and -22.4% for SPBO. 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SPBO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 5.10% for SPBO.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or SPBO?
IVV has an expense ratio of 0.03% while SPBO charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SPBO?
Over the past year IVV returned +23.70% vs +2.12% for SPBO, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.05% vs +1.11% for SPBO. Past performance does not guarantee future results.
Which is riskier, IVV or SPBO?
IVV has been the more volatile fund at 15.1% annualized versus 6.1% for SPBO. Worst drawdown: IVV -56.5% vs SPBO -22.4%.
Should I hold both IVV and SPBO?
IVV and SPBO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPBO?
IVV and SPBO share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1457 unique securities.
Which pays a higher dividend, IVV or SPBO?
IVV yields 1.09% while SPBO yields 5.10%, so SPBO 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.