IVV vs SPYI
IVV vs SPYI
iShares Core S&P 500 ETF vs NEOS S&P 500 High Income 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 | SPYI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.68% | |
| AUM | $865.2B | $10.8B | |
| Dividend Yield | 1.09% | 11.84% | |
| Holdings | 508 | 509 | |
| YTD Return | +13.13% | +2.62% | |
| 1Y Return | +22.90% | +10.14% | |
| 3Y Return (annualized) | +21.08% | +12.88% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 10.4% | |
| Max Drawdown | -56.5% | -16.5% | |
| Fund Family | iShares by BlackRock (US) | NEOS | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 29, 2022 |
IVV vs SPYI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and NEOS S&P 500 High Income ETF (SPYI) is a ETF from NEOS. Over the past year IVV returned +22.90% while SPYI returned +10.14%. Year to date, IVV is up 13.13% versus a gain of 2.62% for SPYI.
Over three years, IVV compounded at +21.08% per year against +12.88% for SPYI. Across the full 4-year window we track, SPYI has the edge at +13.18% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.4% for SPYI. 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 -16.5% for SPYI. 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 0.97. 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 SPYI charges 0.68%. On a $10,000 position that is $3 vs $68 annually, a gap of $65 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 11.84% for SPYI.
Holdings Overlap
IVV and SPYI share 490 holdings out of 516 unique holdings combined, representing a 94.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPYI | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.50% | 0.26% |
| AAPL | 7.44% | 7.75% | 0.31% |
| MSFT | 4.57% | 4.54% | 0.03% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings IVV shares with SPYI 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 SPYI?
IVV has an expense ratio of 0.03% while SPYI charges 0.68%. IVV is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, IVV or SPYI?
Over the past year IVV returned +22.90% vs +10.14% for SPYI, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.02% vs +13.18% for SPYI. Past performance does not guarantee future results.
Which is riskier, IVV or SPYI?
IVV has been the more volatile fund at 15.1% annualized versus 10.4% for SPYI. Worst drawdown: IVV -56.5% vs SPYI -16.5%.
Should I hold both IVV and SPYI?
IVV and SPYI have a monthly-return correlation of 0.97, 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 SPYI?
IVV and SPYI share 490 common holdings with a 94.4% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, IVV or SPYI?
IVV yields 1.09% while SPYI yields 11.84%, so SPYI 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.