ETF Versus

IVV vs SPLG

iShares Core S&P 500 ETF vs State Street SPDR Portfolio S&P 500 ETF

Last updated: 2026-04-10

IVV iShares

iShares Core S&P 500 ETF (IVV) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.18%. Launched in 2000, the fund has a 26-year track record.

AUM: $743.8B ER: 0.03% Yield: 1.18% Since: May 15, 2000
SPLG SPDR

State Street SPDR Portfolio S&P 500 ETF (SPLG) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2009-01-02

Quick Verdict

SPLG has a slightly lower expense ratio (0.00% vs 0.03%), saving about $60 per $10,000 over 10 years. Both funds have delivered similar 1-year returns (29.6% vs 29.7%), tracking closely.

Key Metrics

Metric IVV SPLG
Expense Ratio 0.03% N/A
Dividend Yield 1.2% N/A
Fund Family iShares SPDR
Category US Large Cap Blend US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 102 119 136 153 170 2021-04 2022-07 2023-10 2025-01 2026-04
IVV +65.3%
SPLG +65.4%

Performance Comparison

Period IVV SPLG Difference
1 Month +0.54% +0.54% +0.00%
3 Months -2.17% -2.18% +0.01%
6 Months +2.53% +2.59% -0.06%
YTD -0.45% -0.46% +0.01%
1 Year +29.60% +29.69% -0.09%
3 Years +66.01% +66.15% -0.14%
5 Years +65.33% +65.40% -0.07%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IVV Fees SPLG Fees You Save
$10,000 10 years $60 $0 $60
$10,000 20 years $258 $0 $258
$10,000 30 years $835 $0 $835
$50,000 10 years $299 $0 $299
$50,000 30 years $4,176 $0 $4,176
$100,000 30 years $8,352 $0 $8,352

Risk Metrics

Based on 5 years of daily returns

Metric IVV SPLG
Annualized Volatility 16.9% 16.9%
Max Drawdown -25.4% -25.4%
Sharpe Ratio 0.42 0.42

Dividend Comparison

Metric IVV SPLG
Annual Dividend (per share) $8.06 $0.88
Dividend Yield 1.18% 1.10%
Distribution Frequency Quarterly Quarterly

Top Holdings

IVV Top Holdings

NameWeight
NVIDIA CorporationNVDA7.60%
Apple Inc.AAPL6.53%
Microsoft CorporationMSFT4.77%
Amazon.com, Inc.AMZN3.71%
Broadcom Inc.AVGO2.86%
Alphabet Inc.GOOG2.53%
Meta Platforms, Inc.META2.30%
Tesla, Inc.TSLA1.66%
Berkshire Hathaway Inc.BRK.B1.51%

Which One Should You Choose?

Choose SPLG if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Either works if...

you just need broad us large cap blend exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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