IVE vs SPYV
iShares S&P 500 Value ETF vs State Street SPDR Portfolio S&P 500 Value ETF
Which is better, IVE or SPYV?
Each has led over a different period.
SPYV has a lower expense ratio. IVE led over 3Y and 5Y, SPYV over 1Y and the full window. SPYV is less concentrated, with 24.1% of the fund in its ten largest positions against 24.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVE | SPYV |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $49.5B | $36.6B |
| Dividend Yield | 1.58% | 1.73% |
| Holdings | 443 | 880 |
| YTD Return | +11.29% | +11.42%Best |
| 1Y Return | +15.69% | +15.80%Best |
| 3Y Return (annualized) | +16.79%Best | +16.65% |
| 5Y Return (annualized) | +11.39%Best | +11.38% |
| Volatility (annualized) | 15.6%Best | 25.0% |
| Max Drawdown | -63.0% | -60.4%Best |
| $10,000 over 5 years | $17,149Best | $17,141 |
| Top 10 Weight | 24.6% | 24.1%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 22, 2000 | Sep 25, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Sep 29, 2000 to Oct 14, 2026 (26 years).
IVE vs SPYV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26 years both funds cover.
IVE vs SPYV Performance
iShares S&P 500 Value ETF (IVE) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an ETF from State Street Investment Management. Over the past year IVE returned +15.69% while SPYV returned +15.80%. Year to date, IVE is up 11.29% versus a gain of 11.42% for SPYV.
Over three years, IVE compounded at +16.79% per year against +16.65% for SPYV; over five years the annualized figures are +11.39% and +11.38% respectively. Across the full 26-year window we track, SPYV has the edge at +8.56% annualized vs +5.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 25.0% compared with 15.6% for IVE. 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 -63.0% for IVE and -60.4% for SPYV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVE charges 0.18% per year while SPYV charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, IVE currently yields 1.58% against 1.73% for SPYV.
Holdings Overlap
96.0% of IVE's money is in holdings SPYV also owns. 96.2% of SPYV's money is in holdings IVE also owns.
Most of SPYV is already inside IVE. Owning both mostly buys the same companies twice.
421 positions in common, counted across the 438 positions we hold weights for in IVE and 439 in SPYV, against full books of 443 and 880.
What only one of them owns
Our book lists 12 positions for SPYV that do not appear in our book for IVE (3.0% of the fund), and 10 for IVE that do not appear in SPYV (2.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVE | Weight in SPYV | Difference |
|---|---|---|---|
| AAPLApple Inc | 8.25% | 8.12% | 0.13% |
| AMZNAmazon.Com Inc | 3.92% | 3.93% | 0.01% |
| XOMExxon Mobil Corp | 2.31% | 2.29% | 0.02% |
| INTCIntel Corp. | 2.04% | 1.69% | 0.35% |
| WMTWalmart, Inc. | 1.59% | 1.56% | 0.03% |
| CVXChevron Corp | 1.40% | 1.33% | 0.07% |
| TSLATesla Mtrs Inc | 1.30% | 1.30% | 0.00% |
| BACBank Amer Secs Inc | 1.20% | 1.36% | 0.16% |
| MRKMerck & Co. Inc. | 1.21% | 1.18% | 0.03% |
| PGProcter & Gamble | 1.15% | 1.13% | 0.02% |
96.2% of SPYV is already inside IVE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVE or SPYV?
IVE has an expense ratio of 0.18% while SPYV charges 0.04%. SPYV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, IVE or SPYV?
Over the past year IVE returned +15.69% vs +15.80% for SPYV, so SPYV leads on 1-year performance. Over the longest common window we track (26 years), IVE annualized +5.60% vs +8.56% for SPYV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVE or SPYV?
SPYV has been the more volatile fund at 25.0% annualized versus 15.6% for IVE. Worst drawdown: IVE -63.0% vs SPYV -60.4%.
Should I hold both IVE and SPYV?
IVE and SPYV have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVE and SPYV?
96.2% of SPYV's money is in holdings IVE also owns. 96.2% of SPYV's is in holdings IVE also owns. They hold 421 positions in common, counted across the 438 positions we hold weights for in IVE and 439 in SPYV.
Which pays a higher dividend, IVE or SPYV?
IVE yields 1.58% while SPYV yields 1.73%, so SPYV currently pays the higher dividend yield.
Is SPYV better than IVE?
SPYV has a lower expense ratio. IVE led over 3Y and 5Y, SPYV over 1Y and the full window. SPYV is less concentrated, with 24.1% of the fund in its ten largest positions against 24.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.