IVE vs SPYV: Grades, Fees and Holdings Compared

iShares S&P 500 Value ETF

IVEANYSE Arca

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

98.6%by weight

Expense ratio

SPYV −0.14pt a year

IVE0.18%SPYV0.04%

Avg volume · 30D

SPYV 3.1×the volume

IVE681KSPYV2.1M

10Y return · a year

SPYV +0.1pt

IVE+12.2%SPYV+12.3%

IVE vs SPYV Performance

Oct 29, 2021 – Oct 30, 2026

+73.0%IVE+74.1%SPYV

Expense ratio: IVE 0.18%; SPYV 0.04%, better
Fund size: IVE $50.7B; SPYV $39.2B
1Y total return: IVE +16.6%; SPYV +16.6%
Yield (12M): IVE 1.51%; SPYV 1.65%, better
Holdings: IVE 438; SPYV 437
Avg volume (30D): IVE 681K sh; SPYV 2.1M sh, better
NAV per share: IVE $239.42; SPYV $64.64
52W range

ETF.net Grade

Pillar letters and Scores for IVE, SPYV, with each pillar’s weight
Pillar	IVE	SPYV
Cost30% weight	B59	A98Higher
Mission25% weight	A87Higher	A86
Risk15% weight	A82	A82
Tradability15% weight	A94	A97Higher
Holdings10% weight	A71	A71
Durability5% weight	A89Higher	A86

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. IVE and SPYV are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SPYV ranks 1st and IVE 7th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 6AVXFVanguard Extended Market ETFScore 78
Rank 7AIVEiShares S&P 500 Value ETFScore 77
Rank 8ADIAState Street SPDR Dow Jones Industrial Average ETF TrustScore 76

Our read on each fund

ETF.net Research

IVEAiShares S&P 500 Value ETF

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

In short

IVE One of the original style-box ETFs, running since 2000. It splits the S&P 500 and keeps the value half, ranked on book value, earnings and sales. A big, heavily traded way to own large-cap value, at a price the newer clones undercut.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

Stated mandate

IVE The fund tracks an index of U.S. large-cap stocks selected for value characteristics using measures including book value, earnings, and sales.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

Why people hold it

IVE Owns the value side of the S&P 500, ranked on book value, earnings and sales. Rules do the picking, not a manager's hunch.ishares.com
Live since 2000 and now a multi-billion-dollar fund. Few value index ETFs have that much runway behind them.
0.18% a year, well under the typical fund in its index-wrapper peer group, and one of the stronger index implementations in that group.
Actively traded, which usually keeps bid-ask spreads slim on retail-sized orders. Distributions land quarterly.

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

Worth knowing

IVE Cheaper shelf-mates chase large-cap value too: SPYV at 0.04%, VOOV at 0.07%. The 0.18% here buys the older, more heavily traded name.
Roughly 400 names, the value half of the index, so it can behave quite differently from the full S&P 500 for years at a stretch.
Value is a tilt, not a cushion. This is still all-in US large-cap stock risk.

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

Full IVE profile⁠

Full SPYV profile⁠

IVE vs SPYV Holdings

How IVE and SPYV differ

Overlap by weight

98.6%

Shared holdings make up 99.9% of SPYV and 99.8% of IVE.

Level by level

Holdings434 in both98.6%
Asset classEquity100%
Countryby domicile100%
Sector11 Sectors100%

Sector

Sector weights in IVE and SPYV, widest gap first
Sector	More in IVEMore in SPYV	IVE	SPYV
Energy	Same weight	8.2%	8.2%
Communication	Same weight	2.5%	2.5%
Technology	Same weight	20.8%	20.8%
Industrials	Same weight	10.8%	10.8%
Financials	Same weight	15.2%	15.2%
Real Estate	Same weight	3.1%	3.1%
Materials	Same weight	3.3%	3.3%
Consumer Discretionary	Same weight	9.8%	9.8%
Utilities	Same weight	4.0%	4.0%
Health Care	Same weight	13.3%	13.3%
Consumer Staples	Same weight	9.0%	9.0%

Country, concentration and asset class

Country by domicile

Country weights in IVE and SPYV, widest gap first
Country	More in IVEMore in SPYV	IVE	SPYV
United States	Same weight	99.2%	99.2%
Switzerland	Same weight	0.6%	0.6%
Ireland	Same weight	0.1%	0.1%
United Kingdom	Same weight	0.1%	0.1%
China	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

IVE24.3%
SPYV24.4%

Securities held

IVE435
SPYV435

Asset class

IVE: Equity
SPYV: Equity

Holdings

Only in IVE1
In both434
Only in SPYV1

Only in IVE

1 security, 0.0% of IVE by weight

Hologic Inc0.00%

Only in SPYV

1 security, 0.0% of SPYV by weight

Contra Hologic Incorpo0.00%

Weight gaps

The 100 widest of 434 Holdings in both funds.

Holding weights in IVE and SPYV, widest gap first
Holding	More in IVEMore in SPYV	IVE	SPYV
Intel CorporationINTC	SPYV +0.42 points	1.07%	1.49%
Exxonmobil Holdings CorpXOM	IVE +0.07 points	2.52%	2.46%
QualcommQCOM	SPYV +0.07 points	0.58%	0.65%
AppleAAPL	SPYV +0.05 points	8.25%	8.30%
Dell Technologies Inc Class CDELL	SPYV +0.05 points	0.42%	0.47%
WalmartWMT	IVE +0.05 points	1.81%	1.76%
Regeneron PharmaceuticalsREGN	IVE +0.04 points	0.30%	0.26%
ChevronCVX	IVE +0.04 points	1.53%	1.49%
Costco Wholesale CorpCOST	IVE +0.03 points	1.47%	1.44%
Merck & Co IncMRK	IVE +0.03 points	1.21%	1.18%
Western Digital CorpWDC	SPYV +0.03 points	0.43%	0.46%
Marvell TechnologyMRVL	SPYV +0.03 points	0.30%	0.33%
Amazon.com IncAMZN	SPYV +0.02 points	3.64%	3.66%
Eaton PLCETN	SPYV +0.03 points	0.47%	0.50%
Texas InstrumentTXN	SPYV +0.03 points	0.90%	0.93%
Accenture PLC Class AACN	IVE +0.03 points	0.52%	0.49%
OracleORCL	SPYV +0.02 points	0.36%	0.38%
Linde PLCLIN	IVE +0.02 points	0.78%	0.76%
Analog DevicesADI	SPYV +0.02 points	0.67%	0.69%
Cisco Systems IncCSCO	SPYV +0.03 points	0.63%	0.66%
PepsicoPEP	IVE +0.02 points	0.61%	0.59%
ConocophillipsCOP	IVE +0.02 points	0.61%	0.59%
Vertex PharmaceuticalsVRTX	IVE +0.01 points	0.46%	0.45%
Verizon Communications IncVZ	IVE +0.02 points	0.61%	0.59%
AbbVieABBV	IVE +0.02 points	0.92%	0.90%
Bank of AmericaBAC	SPYV +0.01 points	1.07%	1.08%
Valero Energy CorpVLO	IVE +0.02 points	0.38%	0.36%
DeereDE	IVE +0.02 points	0.56%	0.54%
T Mobile Us IncTMUS	IVE +0.02 points	0.25%	0.23%
Freeport Mcmoran IncFCX	SPYV +0.02 points	0.29%	0.31%
Procter & GamblePG	IVE +0.01 points	1.23%	1.22%
Ge AerospaceGE	SPYV +0.02 points	0.49%	0.51%
Hewlett Packard EnterpriseHPE	SPYV +0.01 points	0.24%	0.25%
Palo Alto NetworksPANW	SPYV +0.01 points	0.43%	0.44%
Nextera EnergyNEE	IVE +0.01 points	0.57%	0.56%
PfizerPFE	IVE +0.01 points	0.57%	0.56%
Phillips 66PSX	IVE +0.01 points	0.37%	0.36%
Visa Class AV	IVE +0.01 points	1.04%	1.03%
AT&TT	IVE +0.01 points	0.48%	0.47%
Seagate Technology Holdings PLCSTX	SPYV +0.02 points	0.17%	0.19%
Marathon PetroleumMPC	IVE +0.01 points	0.41%	0.40%
Coca-ColaKO	IVE +0.01 points	0.69%	0.68%
Abbott LaboratoriesABT	IVE +0.01 points	0.60%	0.59%
Comcast Class ACMCSA	IVE +0.01 points	0.27%	0.26%
Intercontinental Exchange IncICE	IVE +0.01 points	0.31%	0.30%
CitigroupC	SPYV +0.02 points	0.67%	0.69%
Automatic Data Processing IncADP	IVE +0.01 points	0.38%	0.37%
SynopsysSNPS	SPYV +0.02 points	0.29%	0.31%
JPMorgan Chase & CoJPM	SPYV +0.01 points	0.94%	0.95%
Illumina IncILMN	SPYV +0.02 points	0.05%	0.07%
Mondelez International Class AMDLZ	IVE +0.01 points	0.27%	0.26%
StrykerSYK	SPYV +0.02 points	0.19%	0.21%
Coinbase Global Class ACOIN	SPYV +0.02 points	0.10%	0.12%
Netapp IncNTAP	SPYV +0.01 points	0.13%	0.14%
Keysight TechnologiesKEYS	SPYV +0.01 points	0.17%	0.18%
Gilead SciencesGILD	IVE +0.01 points	0.32%	0.31%
BlackRockBLK	SPYV +0.01 points	0.54%	0.55%
Bristol Myers SquibbBMY	IVE +0.01 points	0.42%	0.41%
Altria Group IncMO	IVE +0.01 points	0.43%	0.42%
Thermo Fisher ScientificTMO	Same weight	0.85%	0.85%
Goldman Sachs GroupGS	SPYV +0.01 points	0.30%	0.31%
Wells FargoWFC	SPYV +0.01 points	0.83%	0.84%
Hp IncHPQ	Same weight	0.09%	0.09%
Emerson ElectricEMR	SPYV +0.01 points	0.30%	0.31%
Global Payments IncGPN	IVE +0.01 points	0.07%	0.06%
Arthur J GallagherAJG	IVE +0.01 points	0.23%	0.22%
Union PacificUNP	IVE +0.01 points	0.59%	0.58%
Mckesson CorpMCK	IVE +0.01 points	0.38%	0.37%
Home DepotHD	IVE +0.01 points	1.08%	1.07%
MarshMRSH	Same weight	0.31%	0.31%
Eog ResourcesEOG	Same weight	0.28%	0.28%
Colgate-PalmoliveCL	IVE +0.01 points	0.25%	0.24%
Roper TechnologiesROP	IVE +0.01 points	0.15%	0.14%
Reddit Class ARDDT	Same weight	0.02%	0.02%
DanaherDHR	Same weight	0.48%	0.48%
Ametek IncAME	SPYV +0.01 points	0.18%	0.19%
Fedex Freight Holding Company IncFDXF	IVE +0.01 points	0.05%	0.04%
General MotorsGM	IVE +0.01 points	0.25%	0.24%
Trane Technologies PLCTT	SPYV +0.01 points	0.14%	0.15%
VeraltoVLTO	IVE +0.01 points	0.09%	0.08%
Republic Services IncRSG	IVE +0.01 points	0.16%	0.15%
Duke Energy CorpDUK	IVE +0.01 points	0.33%	0.32%
Microchip Technology IncMCHP	Same weight	0.14%	0.14%
Lowes Companies IncLOW	Same weight	0.38%	0.38%
Dominion EnergyD	Same weight	0.19%	0.19%
Fedex CorpFDX	IVE +0.01 points	0.23%	0.22%
Mastercard Class AMA	IVE +0.01 points	0.56%	0.55%
Morgan StanleyMS	SPYV +0.01 points	0.28%	0.29%
Johnson Controls International PLCJCI	SPYV +0.01 points	0.10%	0.11%
Target CorpTGT	IVE +0.01 points	0.23%	0.22%
Public Storage ReitPSA	IVE +0.01 points	0.18%	0.17%
Capital One Financial CorpCOF	SPYV +0.01 points	0.41%	0.42%
Equinix ReitEQIX	Same weight	0.33%	0.33%
IntuitINTU	IVE +0.01 points	0.14%	0.13%
S&P GlobalSPGI	IVE +0.01 points	0.26%	0.25%
ServicenowNOW	Same weight	0.14%	0.14%
American Tower ReitAMT	IVE +0.01 points	0.29%	0.28%
Honeywell Aerospace IncHONA	SPYV +0.01 points	0.16%	0.17%
SouthernSO	Same weight	0.35%	0.35%
Waste Management IncWM	Same weight	0.28%	0.28%

All 435 IVE holdings⁠All 435 SPYV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IVE vs SPYV Cost

Overpaying IVE vs SPYV

$2,900

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IVE 0.18%
$3,749
SPYV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IVE 0.18%
SPYV 0.04%
Overpaying

Year by year

Year	IVE	SPYV	Overpaying
10	$328	$73	$255
20	$1,281	$288	$993
30	$3,749	$849	$2,900

Expense ratio

0.18%IVE
0.04%SPYV, cheaper

SPYV0.04%IVE0.18%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

IVE 18th cheapest of 42 funds

IVE vs SPYV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IVE 1.51%; SPYV 1.65%, better
Payout (12M): IVE $3.61; SPYV $1.06
Last payment: IVE $0.93; SPYV $0.27
Ex-dividend: IVE Sep 15, 2026; SPYV Sep 21, 2026
Paid on: IVE Sep 18, 2026; SPYV Sep 23, 2026
Frequency: IVE Quarterly; SPYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVEQuarterly · 39 paymentsAll IVE payments⁠

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

IVE vs SPYV Risk

Fall from peak · 5 years

IVE
SPYV

Risk facts

VolatilityStd dev, 3 years: IVE 11.8%SPYV 11.7%, better
Return per unit of riskSharpe ratio, 3 years: IVE 1.15SPYV 1.17, better
Worst fallMax drawdown, 5 years: IVE −18.0%SPYV −17.9%, better
Market sensitivityBeta, 5 years: IVE 0.84SPYV 0.83; Market = 1

IVE and SPYV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026IVESPYV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026IVESPYV

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