IVV vs SPXN
IVV vs SPXN
iShares Core S&P 500 ETF vs ProShares S&P 500 Ex-Financials ETF
Quick Verdict
IVV has a lower expense ratio. SPXN delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPXN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $865.2B | $76M | |
| Dividend Yield | 1.09% | 0.90% | |
| Holdings | 508 | 397 | |
| YTD Return | +13.52% | +14.67% | |
| 1Y Return | +23.63% | +25.50% | |
| 3Y Return (annualized) | +21.26% | +21.51% | |
| 5Y Return (annualized) | +13.52% | +13.87% | |
| Volatility (annualized) | 15.1% | 15.6% | |
| Max Drawdown | -56.5% | -32.1% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 22, 2015 |
IVV vs SPXN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares S&P 500 Ex-Financials ETF (SPXN) is a ETF from ProShares. Over the past year IVV returned +23.63% while SPXN returned +25.50%. Year to date, IVV is up 13.52% versus a gain of 14.67% for SPXN.
Over three years, IVV compounded at +21.26% per year against +21.51% for SPXN; over five years the annualized figures are +13.52% and +13.87% respectively. Across the full 11-year window we track, SPXN has the edge at +14.91% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXN has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -32.1% for SPXN. 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 0.96. 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 SPXN 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 0.90% for SPXN.
Holdings Overlap
IVV and SPXN share 385 holdings out of 516 unique holdings combined, representing a 84.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPXN | Difference |
|---|---|---|---|
| NVDA | 7.76% | 8.49% | 0.73% |
| AAPL | 7.44% | 8.23% | 0.79% |
| MSFT | 4.57% | 5.16% | 0.59% |
| 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 SPXN 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 SPXN?
IVV has an expense ratio of 0.03% while SPXN 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 SPXN?
Over the past year IVV returned +23.63% vs +25.50% for SPXN, so SPXN leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.04% vs +14.91% for SPXN. Past performance does not guarantee future results.
Which is riskier, IVV or SPXN?
SPXN has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPXN -32.1%.
Should I hold both IVV and SPXN?
IVV and SPXN have a monthly-return correlation of 0.96, 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 SPXN?
IVV and SPXN share 385 common holdings with a 84.3% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or SPXN?
IVV yields 1.09% while SPXN yields 0.90%, 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.