IVV vs SPMD
IVV vs SPMD
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 400 Mid Cap ETF
Quick Verdict
SPMD delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPMD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $865.2B | $18.4B | |
| Dividend Yield | 1.09% | 1.20% | |
| Holdings | 508 | 403 | |
| YTD Return | +13.13% | +15.30% | |
| 1Y Return | +22.90% | +24.09% | |
| 3Y Return (annualized) | +21.08% | +13.89% | |
| 5Y Return (annualized) | +13.27% | +8.68% | |
| Volatility (annualized) | 15.1% | 18.6% | |
| Max Drawdown | -56.5% | -60.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 8, 2005 |
IVV vs SPMD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is a ETF from State Street Investment Management. Over the past year IVV returned +22.90% while SPMD returned +24.09%. Year to date, IVV is up 13.13% versus a gain of 15.30% for SPMD.
Over three years, IVV compounded at +21.08% per year against +13.89% for SPMD; over five years the annualized figures are +13.27% and +8.68% respectively. Across the full 21-year window we track, SPMD has the edge at +7.37% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMD has been the more volatile fund, with annualized monthly volatility of 18.6% 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 -60.5% for SPMD. 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 0.91. 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 SPMD charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.09% against 1.20% for SPMD.
Holdings Overlap
IVV and SPMD share 1 holdings out of 906 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPMD | Difference |
|---|---|---|---|
| NUVL | 0.62% | 0.09% | 0.53% |
Frequently Asked Questions
Which is cheaper, IVV or SPMD?
IVV has an expense ratio of 0.03% while SPMD charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or SPMD?
Over the past year IVV returned +22.90% vs +24.09% for SPMD, so SPMD leads on 1-year performance. Over the longest common window we track (21 years), IVV annualized +7.02% vs +7.37% for SPMD. Past performance does not guarantee future results.
Which is riskier, IVV or SPMD?
SPMD has been the more volatile fund at 18.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPMD -60.5%.
Should I hold both IVV and SPMD?
IVV and SPMD have a monthly-return correlation of 0.91, 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 SPMD?
IVV and SPMD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 906 unique securities.
Which pays a higher dividend, IVV or SPMD?
IVV yields 1.09% while SPMD yields 1.20%, so SPMD 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.