ETF Versus

IVV vs SPLG

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

Last updated: 2026-04-02

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 1.23%. Launched in 2000, the fund has a 26-year track record.

AUM: $702.1B ER: 0.03% Yield: 1.23% Since: May 15, 2000
SPLG State Street

State Street SPDR Portfolio S&P 500 ETF (SPLG) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.02%. The fund offers a moderate dividend yield of 1.26%. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: 0.02% Yield: 1.26% Since: 2009-01-02

Quick Verdict

Both funds have nearly identical expense ratios (0.02% vs 0.03%), so fees are not a differentiator here. Both funds have delivered similar 1-year returns (16.7% vs 16.0%), tracking closely.

Key Metrics

Metric IVV SPLG
Expense Ratio 0.03% 0.02%
Dividend Yield 1.2% 1.3%
Fund Family iShares State Street
Category US Large Cap Blend US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 103 121 139 157 175 2021-04 2022-06 2023-09 2024-12 2026-04
IVV +61.3%
SPLG +60.2%

Performance Comparison

Period IVV SPLG Difference
1 Month -4.55% -5.24% +0.69%
3 Months -4.10% -4.79% +0.69%
6 Months -2.14% -2.78% +0.64%
YTD -4.10% -4.79% +0.69%
1 Year +16.72% +15.99% +0.73%
3 Years +59.51% +58.37% +1.14%
5 Years +61.35% +60.23% +1.12%

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 $40 $20
$10.000 20 years $258 $172 $86
$10.000 30 years $835 $558 $278
$50.000 10 years $299 $200 $100
$50.000 30 years $4.176 $2.788 $1.388
$100.000 30 years $8.352 $5.575 $2.776

Risk Metrics

Based on 5 years of daily returns

Metric IVV SPLG
Annualized Volatility 16.9% 16.8%
Max Drawdown -25.4% -25.4%
Sharpe Ratio 0.39 0.38

Dividend Comparison

Metric IVV SPLG
Annual Dividend (per share) $8.06 $0.88
Dividend Yield 1.22% 1.16%
Distribution Frequency Quarterly Quarterly

Top Holdings

IVV Top Holdings

NameWeight
NVIDIA CorporationNVDA7.45%
Apple Inc.AAPL6.68%
Microsoft CorporationMSFT4.85%
Amazon.com, Inc.AMZN3.56%
Broadcom Inc.AVGO2.61%
Alphabet Inc.GOOG2.34%
Meta Platforms, Inc.META2.10%
Tesla, Inc.TSLA1.86%
Berkshire Hathaway Inc.BRK.B1.57%

Which One Should You Choose?

Either works if...

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

Related Comparisons