IYC vs SPY
IYC vs SPY
iShares U.S. Consumer Discretionary ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IYC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $1.1B | $789.1B | |
| Dividend Yield | 0.51% | 1.01% | |
| Holdings | 162 | 505 | |
| YTD Return | +0.55% | +13.28% | |
| 1Y Return | +4.35% | +23.94% | |
| 3Y Return (annualized) | +13.11% | +21.07% | |
| 5Y Return (annualized) | +6.17% | +13.27% | |
| Volatility (annualized) | 17.5% | 15.3% | |
| Max Drawdown | -54.0% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 12, 2000 | Jan 22, 1993 |
IYC vs SPY Performance
iShares U.S. Consumer Discretionary ETF (IYC) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IYC returned +4.35% while SPY returned +23.94%. Year to date, IYC is up 0.55% versus a gain of 13.28% for SPY.
Over three years, IYC compounded at +13.11% per year against +21.07% for SPY; over five years the annualized figures are +6.17% and +13.27% respectively. Across the full 26-year window we track, SPY has the edge at +8.84% annualized vs +7.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYC has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 15.3% for SPY. 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 -54.0% for IYC and -56.5% for SPY. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IYC charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, IYC currently yields 0.51% against 1.01% for SPY.
Holdings Overlap
IYC and SPY share 71 holdings out of 590 unique holdings combined, representing a 12.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IYC | Weight in SPY | Difference |
|---|---|---|---|
| AMZN | 14.27% | 3.69% | 10.58% |
| TSLA | 8.70% | 1.82% | 6.88% |
| WMT | 4.14% | 0.75% | 3.39% |
| COST | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
| MCD | Pro | Pro | Pro |
| DIS | Pro | Pro | Pro |
| TJX | Pro | Pro | Pro |
| UBER | Pro | Pro | Pro |
See all 10 holdings IYC shares with SPY 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, IYC or SPY?
IYC has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, IYC or SPY?
Over the past year IYC returned +4.35% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (26 years), IYC annualized +7.81% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, IYC or SPY?
IYC has been the more volatile fund at 17.5% annualized versus 15.3% for SPY. Worst drawdown: IYC -54.0% vs SPY -56.5%.
Should I hold both IYC and SPY?
IYC and SPY have a monthly-return correlation of 0.91, 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 IYC and SPY?
IYC and SPY share 71 common holdings with a 12.5% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, IYC or SPY?
IYC yields 0.51% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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