IVV vs SPGP
iShares Core S&P 500 ETF vs Invesco S&P 500 GARP ETF
Which is better, IVV or SPGP?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, SPGP over the full window. The two have moved almost in lockstep, correlation 0.92. SPGP is less concentrated, with 20.9% of the fund in its ten largest positions against 38.9%.
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 | SPGP |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.34% |
| AUM | $896.5B | $2.1B |
| Dividend Yield | 1.10% | 0.81% |
| Holdings | 508 | 158 |
| YTD Return | +13.59%Best | +6.89% |
| 1Y Return | +17.54%Best | +8.57% |
| 3Y Return (annualized) | +22.46%Best | +10.70% |
| 5Y Return (annualized) | +13.28%Best | +7.67% |
| Volatility (annualized) | 14.3%Best | 16.3% |
| Max Drawdown | -33.9%Best | -42.4% |
| $10,000 over 5 years | $18,654Best | $14,470 |
| Top 10 Weight | 38.9% | 20.9%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jun 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 16, 2011 to Oct 14, 2026 (15.3 years).
IVV vs SPGP 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 15.3 years both funds cover.
IVV vs SPGP Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco S&P 500 GARP ETF (SPGP) is an ETF from Invesco (US). Over the past year IVV returned +17.54% while SPGP returned +8.57%. Year to date, IVV is up 13.59% versus a gain of 6.89% for SPGP.
Over three years, IVV compounded at +22.46% per year against +10.70% for SPGP; over five years the annualized figures are +13.28% and +7.67% respectively. Across the full 15-year window we track, SPGP has the edge at +13.06% annualized vs +13.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGP has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 14.3% 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 -33.9% for IVV and -42.4% for SPGP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 SPGP charges 0.34%. On a $10,000 position that is $3 vs $34 annually, a gap of $31 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.81% for SPGP.
Holdings Overlap
29.9% of IVV's money is in holdings SPGP also owns. 94.7% of SPGP's money is in holdings IVV also owns.
Most of SPGP is already inside IVV. Owning both mostly buys the same companies twice.
70 positions in common, counted across the 506 positions we hold weights for in IVV and 75 in SPGP, against full books of 508 and 158.
What only one of them owns
Our book lists 4 positions for SPGP that do not appear in our book for IVV (4.4% of the fund), and 430 for IVV that do not appear in SPGP (69.6%).
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 IVV | Weight in SPGP | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 2.65% | 5.79% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 1.33% | 4.43% |
| METAMeta Platform Inc | 2.42% | 2.07% | 0.35% |
| GOOGAlphabet Inc Class C | 2.41% | 1.23% | 1.18% |
| LLYEli Lilly & Co. | 1.39% | 1.92% | 0.53% |
| ANETArista Networks Inc. | 0.32% | 2.40% | 2.08% |
| BRK.BBrk/B | 1.41% | 1.28% | 0.13% |
| GEGeneral Electric Co. | 0.49% | 1.80% | 1.31% |
| PGRProgressive Corp. | 0.19% | 2.05% | 1.86% |
| NEMNewmont Corp Common | 0.18% | 1.96% | 1.78% |
94.7% of SPGP is already inside IVV.
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, IVV or SPGP?
IVV has an expense ratio of 0.03% while SPGP charges 0.34%. IVV is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, IVV or SPGP?
Over the past year IVV returned +17.54% vs +8.57% for SPGP, so IVV leads on 1-year performance. Over the longest common window we track (15 years), IVV annualized +13.05% vs +13.06% for SPGP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPGP?
SPGP has been the more volatile fund at 16.3% annualized versus 14.3% for IVV. Worst drawdown: IVV -33.9% vs SPGP -42.4%.
Should I hold both IVV and SPGP?
IVV and SPGP have a monthly-return correlation of 0.92, 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.
What is the holdings overlap between IVV and SPGP?
94.7% of SPGP's money is in holdings IVV also owns. 94.7% of SPGP's is in holdings IVV also owns. They hold 70 positions in common, counted across the 506 positions we hold weights for in IVV and 75 in SPGP.
Which pays a higher dividend, IVV or SPGP?
IVV yields 1.10% while SPGP yields 0.81%, so IVV currently pays the higher dividend yield.
Is SPGP better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, SPGP over the full window. The two have moved almost in lockstep, correlation 0.92. SPGP is less concentrated, with 20.9% of the fund in its ten largest positions against 38.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.