IVV vs SPLG
IVV vs SPLG
iShares Core S&P 500 ETF vs SPDR(R) Portfolio S&P 500 ETF
Quick Verdict
SPLG has a lower expense ratio. IVV delivered stronger 1-year returns. SPLG offers more diversification with 506 holdings.
Side-by-Side Comparison
| Metric | IVV | SPLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.02% | |
| AUM | $865.2B | - | |
| Dividend Yield | 1.09% | - | |
| Holdings | 508 | 506 | |
| YTD Return | +9.93% | +17.06% | |
| 1Y Return | +19.59% | +18.41% | |
| 3Y Return (annualized) | +19.41% | +22.40% | |
| 5Y Return (annualized) | +12.89% | +17.46% | |
| Volatility (annualized) | 15.1% | 15.3% | |
| Max Drawdown | -56.5% | -55.8% | |
| Fund Family | iShares by BlackRock (US) | - | |
| Category | Equity | - | |
| Inception | May 15, 2000 | - |
IVV vs SPLG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and SPDR(R) Portfolio S&P 500 ETF (SPLG) is a ETF. Over the past year IVV returned +19.59% while SPLG returned +18.41%. Year to date, IVV is up 9.93% versus a gain of 17.06% for SPLG.
Over three years, IVV compounded at +19.41% per year against +22.40% for SPLG; over five years the annualized figures are +12.89% and +17.46% respectively. Across the full 20-year window we track, SPLG has the edge at +9.04% annualized vs +6.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPLG has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -55.8% for SPLG. 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 0.95. 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 SPLG charges 0.02%. On a $10,000 position that is $3 vs $2 annually, a gap of $1 per year that compounds over a long holding period.
Holdings Overlap
IVV and SPLG share 471 holdings out of 540 unique holdings combined, representing a 82.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPLG | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.33% | 0.43% |
| AAPL | 7.44% | 5.83% | 1.61% |
| MSFT | 4.57% | 7.03% | 2.46% |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
See all 10 holdings IVV shares with SPLG 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 SPLG?
IVV has an expense ratio of 0.03% while SPLG charges 0.02%. SPLG is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or SPLG?
Over the past year IVV returned +19.59% vs +18.41% for SPLG, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +6.91% vs +9.04% for SPLG. Past performance does not guarantee future results.
Which is riskier, IVV or SPLG?
SPLG has been the more volatile fund at 15.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPLG -55.8%.
Should I hold both IVV and SPLG?
IVV and SPLG have a monthly-return correlation of 0.95, 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 SPLG?
IVV and SPLG share 471 common holdings with a 82.9% weight overlap. Combined, they hold 540 unique securities.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.