IVV vs SPXE
IVV vs SPXE
iShares Core S&P 500 ETF vs ProShares S&P 500 Ex-Energy 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 | SPXE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $865.2B | $83M | |
| Dividend Yield | 1.09% | 0.93% | |
| Holdings | 508 | 483 | |
| YTD Return | +11.54% | +11.06% | |
| 1Y Return | +21.48% | +20.78% | |
| 3Y Return (annualized) | +20.86% | +20.92% | |
| 5Y Return (annualized) | +13.02% | +12.54% | |
| Volatility (annualized) | 15.1% | 15.3% | |
| Max Drawdown | -56.5% | -32.3% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 22, 2015 |
IVV vs SPXE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares S&P 500 Ex-Energy ETF (SPXE) is a ETF from ProShares. Over the past year IVV returned +21.48% while SPXE returned +20.78%. Year to date, IVV is up 11.54% versus a gain of 11.06% for SPXE.
Over three years, IVV compounded at +20.86% per year against +20.92% for SPXE; over five years the annualized figures are +13.02% and +12.54% respectively. Across the full 11-year window we track, SPXE has the edge at +14.54% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXE 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 -32.3% for SPXE. 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 0.99. 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 SPXE charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.93% for SPXE.
Holdings Overlap
IVV and SPXE share 468 holdings out of 519 unique holdings combined, representing a 92.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPXE | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.52% | 0.24% |
| AAPL | 7.44% | 7.29% | 0.15% |
| MSFT | 4.57% | 4.56% | 0.01% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings IVV shares with SPXE 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 SPXE?
IVV has an expense ratio of 0.03% while SPXE charges 0.09%. IVV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, IVV or SPXE?
Over the past year IVV returned +21.48% vs +20.78% for SPXE, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +6.97% vs +14.54% for SPXE. Past performance does not guarantee future results.
Which is riskier, IVV or SPXE?
SPXE has been the more volatile fund at 15.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPXE -32.3%.
Should I hold both IVV and SPXE?
IVV and SPXE have a monthly-return correlation of 0.99, 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 SPXE?
IVV and SPXE share 468 common holdings with a 92.7% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, IVV or SPXE?
IVV yields 1.09% while SPXE yields 0.93%, so IVV 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.