IVV vs SPYX
IVV vs SPYX
iShares Core S&P 500 ETF vs State Street SPDR S&P 500 Fossil Fuel Reserves Free 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 | SPYX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $865.2B | $2.7B | |
| Dividend Yield | 1.09% | 0.86% | |
| Holdings | 508 | 491 | |
| YTD Return | +9.93% | +9.47% | |
| 1Y Return | +19.59% | +19.04% | |
| 3Y Return (annualized) | +19.41% | +19.26% | |
| 5Y Return (annualized) | +12.89% | +12.33% | |
| Volatility (annualized) | 15.1% | 15.3% | |
| Max Drawdown | -56.5% | -33.2% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 30, 2015 |
IVV vs SPYX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is a ETF from State Street Investment Management. Over the past year IVV returned +19.59% while SPYX returned +19.04%. Year to date, IVV is up 9.93% versus a gain of 9.47% for SPYX.
Over three years, IVV compounded at +19.41% per year against +19.26% for SPYX; over five years the annualized figures are +12.89% and +12.33% respectively. Across the full 11-year window we track, SPYX has the edge at +13.51% annualized vs +6.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYX 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 -33.2% for SPYX. 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 SPYX charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.86% for SPYX.
Holdings Overlap
IVV and SPYX share 480 holdings out of 515 unique holdings combined, representing a 94.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SPYX | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.54% | 0.22% |
| AAPL | 7.44% | 7.31% | 0.13% |
| MSFT | 4.57% | 4.57% | 0.00% |
| 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 SPYX 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 SPYX?
IVV has an expense ratio of 0.03% while SPYX charges 0.20%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IVV or SPYX?
Over the past year IVV returned +19.59% vs +19.04% for SPYX, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +6.91% vs +13.51% for SPYX. Past performance does not guarantee future results.
Which is riskier, IVV or SPYX?
SPYX has been the more volatile fund at 15.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPYX -33.2%.
Should I hold both IVV and SPYX?
IVV and SPYX 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 SPYX?
IVV and SPYX share 480 common holdings with a 94.3% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, IVV or SPYX?
IVV yields 1.09% while SPYX yields 0.86%, 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.