IVV vs SPVU
IVV vs SPVU
iShares Core S&P 500 ETF vs Invesco S&P 500 Enhanced Value 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 | SPVU | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.13% | |
| AUM | $865.2B | $111M | |
| Dividend Yield | 1.09% | 2.46% | |
| Holdings | 508 | 101 | |
| YTD Return | +13.13% | +6.64% | |
| 1Y Return | +22.90% | +20.22% | |
| 3Y Return (annualized) | +21.08% | +15.36% | |
| 5Y Return (annualized) | +13.27% | +12.97% | |
| Volatility (annualized) | 15.1% | 20.1% | |
| Max Drawdown | -56.5% | -51.7% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 9, 2015 |
IVV vs SPVU Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Enhanced Value ETF (SPVU) is a ETF from Invesco (US). Over the past year IVV returned +22.90% while SPVU returned +20.22%. Year to date, IVV is up 13.13% versus a gain of 6.64% for SPVU.
Over three years, IVV compounded at +21.08% per year against +15.36% for SPVU; over five years the annualized figures are +13.27% and +12.97% respectively. Across the full 10-year window we track, SPVU has the edge at +11.48% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVU has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -51.7% for SPVU. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPVU charges 0.13%. On a $10,000 position that is $3 vs $13 annually, a gap of $10 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.46% for SPVU.
Holdings Overlap
IVV and SPVU share 93 holdings out of 512 unique holdings combined, representing a 10.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPVU | Difference |
|---|---|---|---|
| UNH | 0.61% | 5.59% | 4.98% |
| BRK.B | 1.39% | 4.80% | 3.41% |
| BAC | 0.62% | 5.25% | 4.63% |
| XOM | Pro | Pro | Pro |
| WFC | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| C | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| CVS | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
See all 10 holdings IVV shares with SPVU 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 SPVU?
IVV has an expense ratio of 0.03% while SPVU charges 0.13%. IVV is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IVV or SPVU?
Over the past year IVV returned +22.90% vs +20.22% for SPVU, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.02% vs +11.48% for SPVU. Past performance does not guarantee future results.
Which is riskier, IVV or SPVU?
SPVU has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPVU -51.7%.
Should I hold both IVV and SPVU?
IVV and SPVU have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPVU?
IVV and SPVU share 93 common holdings with a 10.8% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, IVV or SPVU?
IVV yields 1.09% while SPVU yields 2.46%, so SPVU currently pays the higher dividend yield.
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