IVV vs SPYM: Grades, Fees and Holdings Compared

iShares Core S&P 500 ETF

IVVANYSE Arca

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

Overlap

98.7%by weight

Both track S&P 500 Index

Expense ratio

SPYM −0.01pt a year

IVV0.03%SPYM0.02%

Avg volume · 30D

SPYM 2.0×the volume

IVV6.02MSPYM12M

10Y return · a year

SPYM +0.1pt

IVV+15.6%SPYM+15.7%

IVV vs SPYM Performance

Nov 3, 2021 – Nov 3, 2026

+74.1%IVV+74.1%SPYM

Expense ratio: IVV 0.03%; SPYM 0.02%, better
Fund size: IVV $867B; SPYM $185B
1Y total return: IVV +11.7%, better; SPYM +11.6%
Yield (12M): IVV 1.11%, better; SPYM 1.03%
Holdings: IVV 507; SPYM 506
Avg volume (30D): IVV 6.02M sh; SPYM 12M sh, better
NAV per share: IVV $755.11; SPYM $90.57
52W range

ETF.net Grade

Pillar letters and Scores for IVV, SPYM, with each pillar’s weight
Pillar	IVV	SPYM
Cost30% weight	A84	A99Higher
Mission25% weight	A100	A100
Risk15% weight	C51	C51
Tradability15% weight	A80Higher	A72
Holdings10% weight	B57Higher	C54
Durability5% weight	A86Higher	A79

Rank among S&P 500 funds

How we build Categories ›

Same Category. IVV and SPYM are both graded against the same 14 S&P 500 funds, so their Grades compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

SPYM ranks 1st and IVV 2nd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74

Our read on each fund

ETF.net Research

IVVAiShares Core S&P 500 ETF

SPYMAState Street SPDR Portfolio S&P 500 ETF

In short

IVV The 2000-vintage iShares take on the S&P 500, now a $100B-plus cornerstone holding: roughly 500 large US companies, 0.03% a year, and tracking that stays tight to the index.

SPYM State Street's budget-priced S&P 500 tracker: the same 500 large caps as its famous sibling, for 0.02% a year, the lowest fee in its S&P 500 peer group. Running since 2005 and now one of the category's giants.

Stated mandate

IVV The fund seeks to track the investment results of an index made up of large-capitalization U.S. equities.

SPYM The fund seeks to track the total return of the S&P 500 Index before fees and expenses, providing broad exposure to U.S. large-cap equities.

Why people hold it

IVV Costs 0.03% a year, a fraction of the typical fee among S&P 500 trackers, and undercuts the category's founding fund (SPY, 0.09%) on the same index.
Tracking is the whole job, and it does it about as tightly as this peer group gets: roughly 500 large US companies, no manager discretion bolted on.
A $100B-plus fund that trades heavily all session, which is what keeps bid-ask spreads thin for retail-sized orders and institutional blocks alike.
Running since 2000 as a registered open-end fund, with quarterly distributions and one of the longest live records in the S&P 500 aisle.ishares.com

SPYM 0.02% a year, the cheapest fee in its S&P 500 cohort, against a 0.15% median for the group. Two dollars a year per $10,000 invested.
Same S&P 500 index as State Street's flagship SPY (0.09%), for a fraction of the fee, and a basis point under VOO and IVV.
Tracks the index tightly: gaps between fund and benchmark are among the smallest in its peer group, which is the whole job of an index wrapper.
Live since 2005, now one of the largest and most heavily traded funds in the category. Distributions land quarterly.

Worth knowing

IVV Pure US large cap. No mid caps, no small caps, nothing overseas, so it works as one slab of a portfolio rather than the whole thing.
It rides the index in both directions: when the S&P 500 has an ugly year, this has the same ugly year, minus the fee.
A near-identical rival shaves a basis point (SPYM at 0.02%). On $10,000 that gap is about a dollar a year, so structure and trading habits matter more.

SPYM The S&P 500 is cap-weighted, so the biggest US companies drive most of the move. Equal-weight takes on the same index (RSP) spread that bet differently.
About 500 US large caps and nothing else: no mid caps, no small caps, no international.
The fee edge over VOO and IVV is one basis point. Same index, so trading costs and platform access matter as much as the sticker fee.

Full IVV profile⁠

Full SPYM profile⁠

IVV vs SPYM Holdings

How IVV and SPYM differ

Overlap by weight

98.7%

Shared holdings make up 99.9% of SPYM and 99.8% of IVV.

Level by level

Holdings502 in both98.7%
Asset classEquity100%
Countryby domicile100%
Sector11 Sectors100%

Sector

Sector weights in IVV and SPYM, widest gap first
Sector	Gap	IVV	SPYM
Energy	Same weight	3.7%	3.7%
Consumer Staples	Same weight	4.7%	4.7%
Industrials	Same weight	8.0%	8.0%
Utilities	Same weight	2.0%	2.0%
Financials	Same weight	11.8%	11.8%
Real Estate	Same weight	1.7%	1.7%
Materials	Same weight	1.7%	1.7%
Technology	Same weight	38.6%	38.6%
Communication	Same weight	8.9%	8.9%
Consumer Discretionary	Same weight	9.0%	9.0%
Health Care	Same weight	9.8%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in IVV and SPYM, widest gap first
Country	Gap	IVV	SPYM
United States	IVV +0.1 points	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	SPYM +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IVV37.3%
SPYM37.1%

Securities held

IVV504
SPYM504

Asset class

IVV: Equity
SPYM: Equity

Holdings

Only in IVV2
In both502
Only in SPYM2

Only in IVV

2 securities, 0.1% of IVV by weight

Kenvue0.06%
Hologic Inc0.00%

Only in SPYM

2 securities, 0.0% of SPYM by weight

Contra Hologic Incorpo0.00%
Contra Walgreens Boots0.00%

Weight gaps

The 100 widest of 502 Holdings in both funds.

Holding weights in IVV and SPYM, widest gap first
Holding	Gap	IVV	SPYM
MicrosoftMSFT	IVV +0.14 points	5.93%	5.79%
AppleAAPL	IVV +0.10 points	7.70%	7.59%
Amazon.com IncAMZN	SPYM +0.10 points	3.61%	3.71%
Advanced Micro DevicesAMD	IVV +0.09 points	1.26%	1.17%
Micron TechnologyMU	IVV +0.08 points	1.53%	1.45%
NVIDIANVDA	IVV +0.06 points	7.58%	7.52%
Berkshire Hathaway Inc Class BBRK.B	SPYM +0.04 points	1.55%	1.59%
Kimberly ClarkKMB	SPYM +0.05 points	0.05%	0.10%
Exxonmobil Holdings CorpXOM	IVV +0.04 points	1.18%	1.14%
Intel CorporationINTC	IVV +0.04 points	0.50%	0.46%
Visa Class AV	SPYM +0.04 points	1.08%	1.12%
WalmartWMT	SPYM +0.04 points	0.84%	0.88%
Marvell TechnologyMRVL	IVV +0.03 points	0.26%	0.23%
Mastercard Class AMA	SPYM +0.03 points	0.79%	0.82%
OracleORCL	IVV +0.03 points	0.35%	0.32%
Tesla IncTSLA	SPYM +0.03 points	1.72%	1.75%
Ge AerospaceGE	SPYM +0.02 points	0.48%	0.50%
Costco Wholesale CorpCOST	SPYM +0.02 points	0.69%	0.71%
JPMorgan Chase & CoJPM	SPYM +0.02 points	1.37%	1.39%
Home DepotHD	SPYM +0.02 points	0.50%	0.52%
Lumentum HoldingsLITE	IVV +0.02 points	0.11%	0.09%
ChevronCVX	IVV +0.02 points	0.71%	0.69%
Lam ResearchLRCX	IVV +0.02 points	0.46%	0.44%
Palantir Technologies Class APLTR	IVV +0.02 points	0.65%	0.63%
Meta Platforms Class AMETA	IVV +0.02 points	2.08%	2.06%
Seagate Technology Holdings PLCSTX	IVV +0.01 points	0.22%	0.21%
Applied Material IncAMAT	IVV +0.01 points	0.47%	0.46%
SandiskSNDK	IVV +0.02 points	0.26%	0.24%
Broadcom IncAVGO	IVV +0.01 points	2.37%	2.36%
Palo Alto NetworksPANW	IVV +0.02 points	0.46%	0.44%
Idexx LaboratoriesIDXX	SPYM +0.01 points	0.07%	0.08%
Cisco Systems IncCSCO	IVV +0.01 points	0.63%	0.62%
Western Digital CorpWDC	IVV +0.01 points	0.20%	0.19%
Wells FargoWFC	SPYM +0.01 points	0.39%	0.40%
Dell Technologies Inc Class CDELL	IVV +0.02 points	0.20%	0.18%
Coca-ColaKO	SPYM +0.01 points	0.56%	0.57%
AbbVieABBV	IVV +0.01 points	0.80%	0.79%
Abbott LaboratoriesABT	SPYM +0.01 points	0.28%	0.29%
ConocophillipsCOP	IVV +0.01 points	0.28%	0.27%
Crowdstrike Holdings Class ACRWD	IVV +0.01 points	0.39%	0.38%
Procter & GamblePG	SPYM +0.01 points	0.57%	0.58%
Mcdonalds CorpMCD	SPYM +0.01 points	0.28%	0.29%
Alphabet Class CGOOG	SPYM +0.01 points	2.02%	2.03%
Datadog Inc Class ADDOG	IVV +0.01 points	0.12%	0.11%
Howmet AerospaceHWM	SPYM +0.01 points	0.12%	0.13%
StrykerSYK	Same weight	0.16%	0.16%
FortinetFTNT	IVV +0.01 points	0.13%	0.12%
Lowes Companies IncLOW	SPYM +0.01 points	0.18%	0.19%
American ExpressAXP	SPYM +0.01 points	0.26%	0.27%
RtxRTX	SPYM +0.01 points	0.41%	0.42%
KlaKLAC	IVV +0.01 points	0.32%	0.31%
PepsicoPEP	Same weight	0.29%	0.29%
Sherwin WilliamsSHW	Same weight	0.12%	0.12%
CienaCIEN	IVV +0.01 points	0.07%	0.06%
Hewlett Packard EnterpriseHPE	IVV +0.01 points	0.11%	0.10%
Booking HoldingsBKNG	SPYM +0.01 points	0.17%	0.18%
Walt DisneyDIS	SPYM +0.01 points	0.29%	0.30%
Valero Energy CorpVLO	IVV +0.01 points	0.18%	0.17%
Doordash Class ADASH	SPYM +0.01 points	0.10%	0.11%
Parker-HannifinPH	SPYM +0.01 points	0.17%	0.18%
Capital One Financial CorpCOF	SPYM +0.01 points	0.19%	0.20%
Transdigm GroupTDG	Same weight	0.10%	0.10%
Crh Public Limited PLCCRH	SPYM +0.01 points	0.09%	0.10%
Everpure Inc Class AP	Same weight	0.06%	0.06%
Marriott International Class AMAR	SPYM +0.01 points	0.13%	0.14%
WelltowerWELL	SPYM +0.01 points	0.26%	0.27%
Arista NetworksANET	IVV +0.01 points	0.27%	0.26%
Thermo Fisher ScientificTMO	Same weight	0.39%	0.39%
Targa ResourcesTRGP	Same weight	0.10%	0.10%
Medtronic PLCMDT	SPYM +0.01 points	0.18%	0.19%
UnitedHealth GroupUNH	IVV +0.01 points	0.56%	0.55%
Regeneron PharmaceuticalsREGN	SPYM +0.01 points	0.14%	0.15%
Royal Caribbean GroupRCL	Same weight	0.12%	0.12%
Linde PLCLIN	SPYM +0.01 points	0.36%	0.37%
BlackRockBLK	SPYM +0.01 points	0.25%	0.26%
BoeingBA	Same weight	0.21%	0.21%
Boston ScientificBSX	SPYM +0.01 points	0.09%	0.10%
International Business Machines CoIBM	Same weight	0.37%	0.37%
Alphabet Class AGOOGL	SPYM +0.01 points	2.51%	2.52%
Uber TechnologiesUBER	SPYM +0.01 points	0.20%	0.21%
Nextera EnergyNEE	Same weight	0.27%	0.27%
Devon EnergyDVN	IVV +0.01 points	0.09%	0.08%
Eog ResourcesEOG	Same weight	0.13%	0.13%
IntuitINTU	SPYM +0.01 points	0.14%	0.15%
WilliamsWMB	IVV +0.01 points	0.14%	0.13%
Illinois Tool IncITW	SPYM +0.01 points	0.11%	0.12%
S&P GlobalSPGI	Same weight	0.22%	0.22%
Marathon PetroleumMPC	Same weight	0.19%	0.19%
NewmontNEM	SPYM +0.01 points	0.17%	0.18%
Airbnb Class AABNB	Same weight	0.11%	0.11%
Aon PLC Class AAON	SPYM +0.01 points	0.10%	0.11%
CitigroupC	SPYM +0.01 points	0.31%	0.32%
Johnson & JohnsonJNJ	IVV +0.01 points	1.01%	1.00%
Carvana Class ACVNA	Same weight	0.08%	0.08%
Morgan StanleyMS	Same weight	0.34%	0.34%
Kkr and Co IncKKR	Same weight	0.10%	0.10%
Vertiv Holdings Class AVRT	IVV +0.01 points	0.14%	0.13%
MarshMRSH	Same weight	0.15%	0.15%
Union PacificUNP	Same weight	0.28%	0.28%
Comcast Class ACMCSA	Same weight	0.13%	0.13%

All 505 IVV holdings⁠All 505 SPYM 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.

IVV vs SPYM Cost

Overpaying IVV vs SPYM

$212

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

IVV 0.03%
$638
SPYM 0.02%
$426

Amount$10,000

Years30 years

Cost over time

IVV 0.03%
SPYM 0.02%
Overpaying

Year by year

Year	IVV	SPYM	Overpaying
10	$55	$37	$18
20	$216	$144	$72
30	$638	$426	$212

Expense ratio

0.03%IVV
0.02%SPYM, cheaper

SPYM0.02%IVV0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

IVV 2nd cheapest of 14 funds

IVV vs SPYM Dividends

Last 12 months to Nov 3, 2026

Yield (12M): IVV 1.11%, better; SPYM 1.03%
Payout (12M): IVV $8.40; SPYM $0.91
Last payment: IVV $2.20; SPYM $0.24
Ex-dividend: IVV Sep 15, 2026; SPYM Sep 11, 2026
Paid on: IVV Sep 18, 2026; SPYM Sep 15, 2026
Frequency: IVV Quarterly; SPYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVVQuarterly · 40 paymentsAll IVV payments⁠

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

IVV vs SPYM Risk

Fall from peak · 5 years

IVV
SPYM

Risk facts

VolatilityStd dev, 3 years: IVV 12.3%SPYM 12.3%
Return per unit of riskSharpe ratio, 3 years: IVV 1.42SPYM 1.42
Worst fallMax drawdown, 5 years: IVV −24.5%SPYM −24.5%
Market sensitivityBeta, 5 years: IVV 1.00SPYM 1.01; Market = 1

IVV and SPYM in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026IVVSPYM
Deep Dive
SPY vs. SPYM, VOO, and IVV: Why SPY trails cheaper S&P 500 ETFs
Oct 29, 2026IVVSPYM
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026IVVSPYM
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026IVVSPYM
New ETFs
C.J. Lawrence's new 0.75% ETF hedges a band J.P. Morgan already covers at 0.50%
Nov 2, 2026IVV
Head-to-Head
VOO and IVV own the same S&P 500 stocks at the same fee
Oct 23, 2026IVV

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IVV vs SPYM

In short

Stated mandate

Why people hold it