IVV vs SPXV
IVV vs SPXV
iShares Core S&P 500 ETF vs ProShares S&P 500 Ex-Health Care 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 | SPXV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $865.2B | $39M | |
| Dividend Yield | 1.09% | 0.93% | |
| Holdings | 508 | 445 | |
| YTD Return | +9.93% | +10.62% | |
| 1Y Return | +19.59% | +19.03% | |
| 3Y Return (annualized) | +19.41% | +20.68% | |
| 5Y Return (annualized) | +12.89% | +13.65% | |
| Volatility (annualized) | 15.1% | 16.3% | |
| Max Drawdown | -56.5% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 22, 2015 |
IVV vs SPXV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares S&P 500 Ex-Health Care ETF (SPXV) is a ETF from ProShares. Over the past year IVV returned +19.59% while SPXV returned +19.03%. Year to date, IVV is up 9.93% versus a gain of 10.62% for SPXV.
Over three years, IVV compounded at +19.41% per year against +20.68% for SPXV; over five years the annualized figures are +12.89% and +13.65% respectively. Across the full 11-year window we track, SPXV has the edge at +14.66% annualized vs +6.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXV has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -34.3% for SPXV. 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 SPXV 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 SPXV.
Holdings Overlap
IVV and SPXV share 430 holdings out of 519 unique holdings combined, representing a 87.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPXV | Difference |
|---|---|---|---|
| NVDA | 7.76% | 8.02% | 0.26% |
| AAPL | 7.44% | 7.77% | 0.33% |
| MSFT | 4.57% | 4.87% | 0.30% |
| 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 SPXV 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 SPXV?
IVV has an expense ratio of 0.03% while SPXV 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 SPXV?
Over the past year IVV returned +19.59% vs +19.03% for SPXV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +6.91% vs +14.66% for SPXV. Past performance does not guarantee future results.
Which is riskier, IVV or SPXV?
SPXV has been the more volatile fund at 16.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPXV -34.3%.
Should I hold both IVV and SPXV?
IVV and SPXV 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 SPXV?
IVV and SPXV share 430 common holdings with a 87.8% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, IVV or SPXV?
IVV yields 1.09% while SPXV yields 0.93%, so IVV currently pays the higher dividend yield.
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