IVV vs SPGP
IVV vs SPGP
iShares Core S&P 500 ETF vs Invesco S&P 500 GARP 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 | IVV | SPGP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.36% | |
| AUM | $865.2B | $2.2B | |
| Dividend Yield | 1.09% | 0.82% | |
| Holdings | 508 | 76 | |
| YTD Return | +13.80% | +12.67% | |
| 1Y Return | +23.70% | +20.35% | |
| 3Y Return (annualized) | +21.49% | +12.03% | |
| 5Y Return (annualized) | +13.43% | +8.31% | |
| Volatility (annualized) | 15.1% | 16.3% | |
| Max Drawdown | -56.5% | -42.4% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 16, 2011 |
IVV vs SPGP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 GARP ETF (SPGP) is a ETF from Invesco (US). Over the past year IVV returned +23.70% while SPGP returned +20.35%. Year to date, IVV is up 13.80% versus a gain of 12.67% for SPGP.
Over three years, IVV compounded at +21.49% per year against +12.03% for SPGP; over five years the annualized figures are +13.43% and +8.31% respectively. Across the full 15-year window we track, SPGP has the edge at +13.62% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGP has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -56.5% for IVV and -42.4% for SPGP. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while SPGP charges 0.36%. On a $10,000 position that is $3 vs $36 annually, a gap of $33 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.82% for SPGP.
Holdings Overlap
IVV and SPGP share 73 holdings out of 507 unique holdings combined, representing a 15.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPGP | Difference |
|---|---|---|---|
| NVDA | 7.76% | 2.12% | 5.64% |
| MSFT | 4.57% | 0.91% | 3.66% |
| GOOG | 2.53% | 1.22% | 1.31% |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| GE | Pro | Pro | Pro |
| APP | Pro | Pro | Pro |
| CINF | Pro | Pro | Pro |
| FIX | Pro | Pro | Pro |
| PGR | Pro | Pro | Pro |
See all 10 holdings IVV shares with SPGP 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, IVV or SPGP?
IVV has an expense ratio of 0.03% while SPGP charges 0.36%. IVV is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, IVV or SPGP?
Over the past year IVV returned +23.70% vs +20.35% for SPGP, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.05% vs +13.62% for SPGP. Past performance does not guarantee future results.
Which is riskier, IVV or SPGP?
SPGP has been the more volatile fund at 16.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPGP -42.4%.
Should I hold both IVV and SPGP?
IVV and SPGP have a monthly-return correlation of 0.92, 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 IVV and SPGP?
IVV and SPGP share 73 common holdings with a 15.8% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or SPGP?
IVV yields 1.09% while SPGP yields 0.82%, so IVV currently pays the higher dividend yield.
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