IVW vs SPYG
iShares S&P 500 Growth ETF vs State Street SPDR Portfolio S&P 500 Growth ETF
Which is better, IVW or SPYG?
Nearly the same fund. SPYG costs less.
SPYG has a lower expense ratio. IVW led over the full window, SPYG over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.98. SPYG is less concentrated, with 59.8% of the fund in its ten largest positions against 60.0%.
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 | IVW | SPYG |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $80.0B | $57.9B |
| Dividend Yield | 0.34% | 0.48% |
| Holdings | 152 | 150 |
| YTD Return | +15.30% | +15.40%Best |
| 1Y Return | +18.81% | +18.94%Best |
| 3Y Return (annualized) | +26.93% | +27.00%Best |
| 5Y Return (annualized) | +13.96% | +14.06%Best |
| Volatility (annualized) | 16.0%Best | 17.6% |
| Max Drawdown | -68.3%Best | -69.7% |
| $10,000 over 5 years | $19,220 | $19,305Best |
| Top 10 Weight | 60.0% | 59.8%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| 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).
IVW vs SPYG 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.
IVW vs SPYG Performance
iShares S&P 500 Growth ETF (IVW) is an ETF from iShares by BlackRock (US) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an ETF from State Street Investment Management. Over the past year IVW returned +18.81% while SPYG returned +18.94%. Year to date, IVW is up 15.30% versus a gain of 15.40% for SPYG.
Over three years, IVW compounded at +26.93% per year against +27.00% for SPYG; over five years the annualized figures are +13.96% and +14.06% respectively. Across the full 26-year window we track, IVW has the edge at +7.81% annualized vs +6.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYG has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 16.0% for IVW. 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 -68.3% for IVW and -69.7% for SPYG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVW charges 0.18% per year while SPYG 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, IVW currently yields 0.34% against 0.48% for SPYG.
Holdings Overlap
96.0% of IVW's money is in holdings SPYG also owns. 96.3% of SPYG's money is in holdings IVW also owns.
Most of SPYG is already inside IVW. Owning both mostly buys the same companies twice.
142 positions in common, counted across the 152 positions we hold weights for in IVW and 149 in SPYG, against full books of 152 and 150.
What only one of them owns
Our book lists 6 positions for SPYG that do not appear in our book for IVW (3.6% of the fund), and 8 for IVW that do not appear in SPYG (3.8%).
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 IVW | Weight in SPYG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 15.13% | 14.72% | 0.41% |
| MSFTMicrosoft Corp | 10.31% | 10.25% | 0.06% |
| AAPLApple, Inc | 6.53% | 6.79% | 0.26% |
| GOOGLAlphabet Inc | 5.37% | 5.52% | 0.15% |
| AVGOBroadcom Inc | 4.43% | 4.77% | 0.34% |
| GOOGAlphabet Inc. C | 4.31% | 4.41% | 0.10% |
| METAMeta Platforms Inc | 4.33% | 3.96% | 0.37% |
| AMZNAmazon.Com Inc | 3.50% | 3.71% | 0.21% |
| MUMicron Technology, Inc. | 3.36% | 3.06% | 0.30% |
| AMDAdvanced Micro Devices Inc | 2.72% | 2.34% | 0.38% |
96.3% of SPYG is already inside IVW.
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, IVW or SPYG?
IVW has an expense ratio of 0.18% while SPYG charges 0.04%. SPYG is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, IVW or SPYG?
Over the past year IVW returned +18.81% vs +18.94% for SPYG, so SPYG leads on 1-year performance. Over the longest common window we track (26 years), IVW annualized +7.81% vs +6.61% for SPYG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVW or SPYG?
SPYG has been the more volatile fund at 17.6% annualized versus 16.0% for IVW. Worst drawdown: IVW -68.3% vs SPYG -69.7%.
Should I hold both IVW and SPYG?
IVW and SPYG have a monthly-return correlation of 0.98, 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 IVW and SPYG?
96.3% of SPYG's money is in holdings IVW also owns. 96.3% of SPYG's is in holdings IVW also owns. They hold 142 positions in common, counted across the 152 positions we hold weights for in IVW and 149 in SPYG.
Which pays a higher dividend, IVW or SPYG?
IVW yields 0.34% while SPYG yields 0.48%, so SPYG currently pays the higher dividend yield.
Is SPYG better than IVW?
SPYG has a lower expense ratio. IVW led over the full window, SPYG over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.98. SPYG is less concentrated, with 59.8% of the fund in its ten largest positions against 60.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.