IVV vs SPYM
IVV vs SPYM
iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 ETF
Quick Verdict
SPYM has a lower expense ratio. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SPYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.02% | |
| AUM | $865.2B | $160.0B | |
| Dividend Yield | 1.09% | 1.03% | |
| Holdings | 508 | 508 | |
| YTD Return | +11.54% | +11.53% | |
| 1Y Return | +21.48% | +21.48% | |
| 3Y Return (annualized) | +20.86% | +20.85% | |
| 5Y Return (annualized) | +13.02% | +13.03% | |
| Volatility (annualized) | 15.1% | 14.8% | |
| Max Drawdown | -56.5% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 8, 2005 |
IVV vs SPYM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 ETF (SPYM) is a ETF from State Street Investment Management. Over the past year IVV returned +21.48% while SPYM returned +21.48%. Year to date, IVV is up 11.54% versus a gain of 11.53% for SPYM.
Over three years, IVV compounded at +20.86% per year against +20.85% for SPYM; over five years the annualized figures are +13.02% and +13.03% respectively. Across the full 13-year window we track, SPYM has the edge at +12.67% annualized vs +6.97%. 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 14.8% for SPYM. 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 SPYM. 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 1.00. 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 SPYM charges 0.02%. On a $10,000 position that is $3 vs $2 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.03% for SPYM.
Holdings Overlap
IVV and SPYM share 495 holdings out of 514 unique holdings combined, representing a 96.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPYM | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.30% | 0.46% |
| AAPL | 7.44% | 7.08% | 0.36% |
| MSFT | 4.57% | 4.43% | 0.14% |
| 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 SPYM 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 SPYM?
IVV has an expense ratio of 0.03% while SPYM charges 0.02%. SPYM is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or SPYM?
Over the past year IVV returned +21.48% vs +21.48% for SPYM, so SPYM leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +6.97% vs +12.67% for SPYM. Past performance does not guarantee future results.
Which is riskier, IVV or SPYM?
IVV has been the more volatile fund at 15.1% annualized versus 14.8% for SPYM. Worst drawdown: IVV -56.5% vs SPYM -34.3%.
Should I hold both IVV and SPYM?
IVV and SPYM have a monthly-return correlation of 1.00, 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 SPYM?
IVV and SPYM share 495 common holdings with a 96.1% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVV or SPYM?
IVV yields 1.09% while SPYM yields 1.03%, so IVV currently pays the higher dividend yield.
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