SPY vs IVV: which ETF is right for you?
State Street SPDR S&P 500 ETF Trust (SPY) and iShares Core S&P 500 ETF (IVV) compared on cost, size, returns, holdings and sector mix.
IVV's expense ratio is 0.03%, lower than SPY's 0.095%
The iShares Core S&P 500 ETF (IVV) has a lower expense ratio than the SPDR S&P 500 ETF Trust (SPY). This means IVV costs less to own over time. Both funds track the S&P 500 but have different fees and asset sizes.
- IVV has an expense ratio of 0.03%, while SPY's is 0.095%.
- IVV has $870.02 billion in assets, compared to SPY's $796.87 billion.
- IVV's one-year return is 12.07%, while SPY's is 12.01%.
- IVV's top holding is NVDA at 8.4%, while SPY's is AAPL at 7.7%.
may suit cost-conscious investors looking for lower fees.
may suit investors preferring a longer-established fund.
Summary written from the figures below by an AI model. Past returns do not predict future results; this is educational, not advice.
Side-by-side
SPY State Street SPDR S&P 500 ETF Trust | IVV iShares Core S&P 500 ETF | |
|---|---|---|
| Expense ratio | 0.095% | 0.030%● |
| Fund size (assets) | $796.9B | $870.0B● |
| Dividend yield | 1.00% | 1.11%● |
| Return YTD | 11.69% | 11.74%● |
| Return 1 year | 12.01% | 12.07%● |
| 3 years (annualised) | 23.26% | 23.37%● |
| 5 years (annualised) | 11.96% | 12.03%● |
| 10 years (annualised) | 15.34% | 15.41%● |
| Volatility (5y std dev) | 15.4%● | 15.4% |
| Beta vs market (5y) | 0.98● | 0.98 |
| Issuer | State Street Investment Management | iShares |
| Launched | 1993-01-22 | 2000-05-15 |
● marks the best value in a row (lowest cost or volatility, highest return, yield or size). Returns as of 2026-11-05; past performance does not predict future results.
What the fees cost you
A simple illustration: the same $0M growing at an assumed 7% a year before fees. Only the expense ratios differ. This is not a forecast.
Top holdings and overlap
- AAPLApple Inc7.7%
- NVDANVIDIA Corp7.6%
- MSFTMicrosoft Corp5.9%
- AMZNAmazon.com Inc3.6%
- GOOGLAlphabet Inc Class A2.5%
- AVGOBroadcom Inc2.4%
- METAMeta Platforms Inc Class A2.1%
- GOOGAlphabet Inc Class C2.0%
- LLYEli Lilly and Co1.7%
- TSLATesla Inc1.7%
- AAPLApple Inc7.7%
- NVDANVIDIA Corp7.6%
- MSFTMicrosoft Corp5.9%
- AMZNAmazon.com Inc3.6%
- GOOGLAlphabet Inc Class A2.5%
- AVGOBroadcom Inc2.4%
- METAMeta Platforms Inc Class A2.1%
- GOOGAlphabet Inc Class C2.0%
- LLYEli Lilly and Co1.7%
- TSLATesla Inc1.7%
SPY and IVV share 10 of their top 10 holdings (AAPL, NVDA, MSFT, AMZN, GOOGL, AVGO), about 37.3% of each fund in those names.
Overlap is measured on the top 10 holdings only.
Sector mix
- Technology38.2%
- Financial Services12.0%
- Healthcare10.3%
- Consumer Cyclical9.2%
- Communication Services8.4%
- Industrials7.6%
- Technology38.2%
- Financial Services12.0%
- Healthcare10.3%
- Consumer Cyclical9.2%
- Communication Services8.4%
- Industrials7.6%
Common questions
Which has lower fees, SPY or IVV?
IVV has the lower expense ratio at 0.030% a year, against 0.095% for SPY. On $10,000 that is about $6 a year in fees.
Which is bigger, SPY or IVV?
IVV manages about $870.0 billion in assets, compared with $796.9 billion for SPY.
Do SPY and IVV hold the same stocks?
They share 10 of their top 10 holdings (AAPL, NVDA, MSFT, AMZN, GOOGL, AVGO, META, GOOG, LLY, TSLA), roughly 37.3% of each fund in those names, so owning both adds little diversification.
Compare any ETFs
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Open the compare toolFund data comes from public fund filings and market data and is refreshed daily; returns are total returns and past performance does not predict future results. This page is educational and is not investment advice. Check the fund's official documents before investing.