IVV vs SPHB
IVV vs SPHB
iShares Core S&P 500 ETF vs Invesco S&P 500 High Beta ETF
Quick Verdict
IVV has a lower expense ratio. SPHB delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPHB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $865.2B | $983M | |
| Dividend Yield | 1.09% | 0.52% | |
| Holdings | 508 | 103 | |
| YTD Return | +13.52% | +25.58% | |
| 1Y Return | +23.63% | +46.63% | |
| 3Y Return (annualized) | +21.26% | +25.32% | |
| 5Y Return (annualized) | +13.52% | +16.48% | |
| Volatility (annualized) | 15.1% | 24.6% | |
| Max Drawdown | -56.5% | -47.8% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 5, 2011 |
IVV vs SPHB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 High Beta ETF (SPHB) is a ETF from Invesco (US). Over the past year IVV returned +23.63% while SPHB returned +46.63%. Year to date, IVV is up 13.52% versus a gain of 25.58% for SPHB.
Over three years, IVV compounded at +21.26% per year against +25.32% for SPHB; over five years the annualized figures are +13.52% and +16.48% respectively. Across the full 15-year window we track, SPHB has the edge at +12.98% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHB has been the more volatile fund, with annualized monthly volatility of 24.6% 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 -47.8% for SPHB. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPHB charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.52% for SPHB.
Holdings Overlap
IVV and SPHB share 93 holdings out of 512 unique holdings combined, representing a 17.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPHB | Difference |
|---|---|---|---|
| NVDA | 7.76% | 0.83% | 6.93% |
| AMZN | 3.75% | 0.67% | 3.08% |
| MU | 1.69% | 2.17% | 0.48% |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| SNDK | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
| HOOD | Pro | Pro | Pro |
See all 10 holdings IVV shares with SPHB 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 SPHB?
IVV has an expense ratio of 0.03% while SPHB charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or SPHB?
Over the past year IVV returned +23.63% vs +46.63% for SPHB, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +7.04% vs +12.98% for SPHB. Past performance does not guarantee future results.
Which is riskier, IVV or SPHB?
SPHB has been the more volatile fund at 24.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPHB -47.8%.
Should I hold both IVV and SPHB?
IVV and SPHB have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPHB?
IVV and SPHB share 93 common holdings with a 17.9% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, IVV or SPHB?
IVV yields 1.09% while SPHB yields 0.52%, so IVV currently pays the higher dividend yield.
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