IVV vs SPGM
iShares Core S&P 500 ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Which is better, IVV or SPGM?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SPGM over 1Y. The two have moved almost in lockstep, correlation 0.95.
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 | IVV | SPGM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.09% |
| AUM | $896.5B | $1.8B |
| Dividend Yield | 1.10% | 1.78% |
| Holdings | 508 | 2,972 |
| YTD Return | +13.59%Best | +12.40% |
| 1Y Return | +17.54% | +17.68%Best |
| 3Y Return (annualized) | +22.46%Best | +21.68% |
| 5Y Return (annualized) | +13.28%Best | +11.16% |
| Volatility (annualized) | 14.0% | 13.6%Best |
| Max Drawdown | -33.9%Best | -34.0% |
| $10,000 over 5 years | $18,654Best | $16,972 |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Feb 27, 2012 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 28, 2012 to Oct 14, 2026 (14.6 years).
IVV vs SPGM 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 14.6 years both funds cover.
IVV vs SPGM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is an ETF from State Street Investment Management. Over the past year IVV returned +17.54% while SPGM returned +17.68%. Year to date, IVV is up 13.59% versus a gain of 12.40% for SPGM.
Over three years, IVV compounded at +22.46% per year against +21.68% for SPGM; over five years the annualized figures are +13.28% and +11.16% respectively. Across the full 15-year window we track, IVV has the edge at +13.11% annualized vs +9.63%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 13.6% for SPGM. 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 -33.9% for IVV and -34.0% for SPGM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 SPGM charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.78% for SPGM.
Holdings Overlap
We hold position weights for 506 holdings in IVV and 11 in SPGM, totalling 99.9% and 0.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 506 positions we hold weights for in IVV and 11 in SPGM, against full books of 508 and 2,972.
You are not choosing between two funds in isolation.
Whichever of IVV and SPGM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPGM?
IVV has an expense ratio of 0.03% while SPGM charges 0.09%. IVV is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, IVV or SPGM?
Over the past year IVV returned +17.54% vs +17.68% for SPGM, so SPGM leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +13.11% vs +9.63% for SPGM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPGM?
IVV has been the more volatile fund at 14.0% annualized versus 13.6% for SPGM. Worst drawdown: IVV -33.9% vs SPGM -34.0%.
Should I hold both IVV and SPGM?
IVV and SPGM have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IVV or SPGM?
IVV yields 1.10% while SPGM yields 1.78%, so SPGM currently pays the higher dividend yield.
Is SPGM better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, SPGM over 1Y. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.