IVV vs SPYX: Grades, Fees and Holdings Compared

iShares Core S&P 500 ETF

IVVANYSE Arca

State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF

SPYXCNYSE Arca

Overlap

96.2%by weight

Expense ratio

IVV −0.17pt a year

IVV0.03%SPYX0.20%

Avg volume · 30D

IVV 83.3×the volume

IVV6.23MSPYX74.7K

10Y return · a year

IVV +0.1pt

IVV+15.4%SPYX+15.3%

IVV vs SPYX Performance

Oct 29, 2021 – Oct 30, 2026

+76.6%IVV+72.9%SPYX

Expense ratio: IVV 0.03%, better; SPYX 0.20%
Fund size: IVV $870B; SPYX $2.84B
1Y total return: IVV +12.1%, better; SPYX +11.0%
Yield (12M): IVV 1.11%, better; SPYX 0.86%
Holdings: IVV 507; SPYX 489
Avg volume (30D): IVV 6.23M sh, better; SPYX 74.7K sh
NAV per share: IVV $758.95; SPYX $62.96
52W range

ETF.net Grade

Pillar letters and Scores for IVV, SPYX, with each pillar’s weight
Pillar	IVV	SPYX
Cost30% weight	A84Higher	F17
Mission25% weight	A100	A100
Risk15% weight	C51Higher	C40
Tradability15% weight	A78Higher	A71
Holdings10% weight	B55Higher	C40
Durability5% weight	A86Higher	B63

Rank among S&P 500 funds

How we build Categories ›

Same Category. IVV and SPYX 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 ›

IVV ranks 2nd and SPYX 10th 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
Rank 9BTOPCiShares S&P 500 3% Capped ETFScore 55
Rank 10CSPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETFScore 53
Rank 11CXDIVRoundhill S&P 500 No Dividend Target ETFScore 51

Our read on each fund

ETF.net Research

IVVAiShares Core S&P 500 ETF

SPYXCState Street SPDR S&P 500 Fossil Fuel Reserves Free 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.

SPYX One rule separates SPYX from a plain S&P 500 tracker: companies that own oil, gas or thermal coal reserves get cut. Everything else stays, cap-weighted, the way State Street has run it since 2015.

Stated mandate

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

SPYX The fund seeks to track the total return of the S&P 500 Fossil Fuel Reserves Free Index before fees and expenses. The strategy excludes companies that own fossil fuel reserves while retaining a U.S. large-cap core orientation.

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

SPYX A subtraction, not a rebuild. It keeps a cap-weighted US large-cap core of roughly 500 names and applies one screen, rather than re-scoring every company on broad ESG criteria.
The screen is mechanical, not editorial: the index provider defines reserves as economically and technically recoverable crude oil, natural gas and thermal coal.spglobal.com
Running since 2015 and now a multi-billion-dollar fund, it is an early entrant in fossil-fuel-free S&P 500 investing, not a recent launch chasing a theme. Pays 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.

SPYX The screen carries a price: 0.20% a year, above the median for S&P 500 wrappers and several times the cost of core trackers like VOO (0.03%) and SPYM (0.02%).
Cutting reserve owners removes the parent index's oil and gas majors, so results can drift from the standard S&P 500 in either direction.
It screens reserve ownership, not emissions. Companies that burn, move or process fossil fuels without owning reserves can still be held.spglobal.com

Full IVV profile⁠

Full SPYX profile⁠

IVV vs SPYX Holdings

How IVV and SPYX differ

Overlap by weight

96.2%

Shared holdings make up 99.9% of SPYX and 96.3% of IVV.

Level by level

Holdings485 in both96.2%
Sector11 Sectors97.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in IVV and SPYX, widest gap first
Sector	More in IVVMore in SPYX	IVV	SPYX
Energy	IVV +2.4 points	3.7%	1.3%
Financials	SPYX +0.6 points	11.8%	12.4%
Communication	SPYX +0.6 points	8.9%	9.5%
Health Care	SPYX +0.4 points	9.8%	10.2%
Consumer Staples	SPYX +0.4 points	4.7%	5.1%
Technology	SPYX +0.3 points	38.6%	38.9%
Consumer Discretionary	SPYX +0.2 points	9.0%	9.2%
Industrials	IVV +0.2 points	8.0%	7.8%
Utilities	SPYX +0.1 points	2.0%	2.1%
Real Estate	SPYX +0.1 points	1.7%	1.8%
Materials	SPYX +0.1 points	1.7%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in IVV and SPYX, widest gap first
Country	More in IVVMore in SPYX	IVV	SPYX
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	SPYX +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%
SPYX38.7%

Securities held

IVV504
SPYX487

Asset class

IVV: Equity
SPYX: Equity

Holdings

Only in IVV19
In both485
Only in SPYX2

Only in IVV

19 securities, 3.5% of IVV by weight

Exxonmobil Holdings Corp1.18%
Chevron0.71%
Ge Vernova0.35%
Conocophillips0.28%
Sandisk0.26%
Eog Resources0.13%
Bloom Energy Class A0.09%
Devon Energy0.09%
Occidental Petroleum Corp0.07%
Diamondback Energy0.07%
Everpure Inc Class A0.06%
Illumina Inc0.05%
Eqt0.05%
Twilio Class A0.05%
Expand Energy0.03%
Apa0.03%
Reddit Class A0.02%
Solventum0.02%
Hologic Inc0.00%

Only in SPYX

2 securities, 0.0% of SPYX by weight

S+P500 Emini Fut DEC26<0.01%
Contra Hologic Incorpo0.00%

Weight gaps

The 100 widest of 485 Holdings in both funds.

Holding weights in IVV and SPYX, widest gap first
Holding	More in IVVMore in SPYX	IVV	SPYX
NVIDIANVDA	SPYX +0.47 points	7.58%	8.05%
AppleAAPL	SPYX +0.23 points	7.70%	7.93%
Intel CorporationINTC	SPYX +0.21 points	0.50%	0.71%
MicrosoftMSFT	SPYX +0.20 points	5.93%	6.13%
Broadcom IncAVGO	SPYX +0.19 points	2.37%	2.56%
Advanced Micro DevicesAMD	SPYX +0.18 points	1.26%	1.44%
Amazon.com IncAMZN	SPYX +0.12 points	3.61%	3.73%
Micron TechnologyMU	SPYX +0.11 points	1.53%	1.64%
Alphabet Class AGOOGL	SPYX +0.08 points	2.51%	2.59%
Meta Platforms Class AMETA	SPYX +0.06 points	2.08%	2.14%
Alphabet Class CGOOG	SPYX +0.07 points	2.02%	2.09%
Palantir Technologies Class APLTR	SPYX +0.05 points	0.65%	0.70%
JPMorgan Chase & CoJPM	SPYX +0.05 points	1.37%	1.42%
Applied Material IncAMAT	SPYX +0.05 points	0.47%	0.52%
Tesla IncTSLA	SPYX +0.05 points	1.72%	1.77%
QualcommQCOM	SPYX +0.04 points	0.27%	0.31%
Lam ResearchLRCX	SPYX +0.04 points	0.46%	0.49%
Cisco Systems IncCSCO	SPYX +0.04 points	0.63%	0.67%
Marvell TechnologyMRVL	SPYX +0.04 points	0.26%	0.30%
Arista NetworksANET	SPYX +0.03 points	0.27%	0.30%
OracleORCL	SPYX +0.03 points	0.35%	0.38%
Dell Technologies Inc Class CDELL	SPYX +0.02 points	0.20%	0.22%
Eli LillyLLY	IVV +0.03 points	1.74%	1.71%
Ge AerospaceGE	SPYX +0.03 points	0.48%	0.51%
KlaKLAC	SPYX +0.02 points	0.32%	0.34%
Palo Alto NetworksPANW	SPYX +0.02 points	0.46%	0.48%
Caterpillar IncCAT	SPYX +0.02 points	0.44%	0.46%
Seagate Technology Holdings PLCSTX	SPYX +0.03 points	0.22%	0.25%
Johnson & JohnsonJNJ	SPYX +0.02 points	1.01%	1.03%
Berkshire Hathaway Inc Class BBRK.B	SPYX +0.02 points	1.55%	1.57%
Crowdstrike Holdings Class ACRWD	SPYX +0.02 points	0.39%	0.41%
Goldman Sachs GroupGS	SPYX +0.02 points	0.40%	0.42%
Texas InstrumentTXN	SPYX +0.02 points	0.42%	0.44%
Western Digital CorpWDC	SPYX +0.02 points	0.20%	0.22%
Bank of AmericaBAC	SPYX +0.02 points	0.50%	0.52%
Datadog Inc Class ADDOG	SPYX +0.02 points	0.12%	0.14%
Eaton PLCETN	SPYX +0.02 points	0.22%	0.24%
Analog DevicesADI	SPYX +0.02 points	0.31%	0.33%
Amphenol Corp Class AAPH	SPYX +0.01 points	0.30%	0.31%
CitigroupC	SPYX +0.02 points	0.31%	0.33%
UnitedHealth GroupUNH	SPYX +0.01 points	0.56%	0.57%
Regeneron PharmaceuticalsREGN	IVV +0.02 points	0.14%	0.12%
Intuitive SurgicalISRG	SPYX +0.02 points	0.23%	0.25%
Morgan StanleyMS	SPYX +0.01 points	0.34%	0.35%
Thermo Fisher ScientificTMO	SPYX +0.02 points	0.39%	0.41%
Wells FargoWFC	SPYX +0.01 points	0.39%	0.40%
Lumentum HoldingsLITE	SPYX +0.02 points	0.11%	0.13%
Medtronic PLCMDT	SPYX +0.01 points	0.18%	0.19%
Applovin Class AAPP	SPYX +0.02 points	0.09%	0.11%
StrykerSYK	SPYX +0.01 points	0.16%	0.17%
NewmontNEM	SPYX +0.01 points	0.17%	0.18%
Freeport Mcmoran IncFCX	SPYX +0.01 points	0.14%	0.15%
Johnson Controls International PLCJCI	SPYX +0.01 points	0.14%	0.15%
BlackRockBLK	SPYX +0.01 points	0.25%	0.26%
Mastercard Class AMA	SPYX +0.01 points	0.79%	0.80%
Vertiv Holdings Class AVRT	SPYX +0.01 points	0.14%	0.15%
Hewlett Packard EnterpriseHPE	SPYX +0.01 points	0.11%	0.12%
ServicenowNOW	SPYX +0.01 points	0.17%	0.18%
Robinhood Markets Class AHOOD	SPYX +0.01 points	0.10%	0.11%
Trane Technologies PLCTT	SPYX +0.01 points	0.14%	0.15%
SynopsysSNPS	SPYX +0.01 points	0.14%	0.15%
Visa Class AV	SPYX +0.01 points	1.08%	1.09%
CoherentCOHR	SPYX +0.01 points	0.06%	0.07%
Parker-HannifinPH	SPYX +0.01 points	0.17%	0.18%
Home DepotHD	SPYX +0.01 points	0.50%	0.51%
Emerson ElectricEMR	SPYX +0.01 points	0.14%	0.15%
DanaherDHR	SPYX +0.01 points	0.22%	0.23%
Cadence Design SystemsCDNS	SPYX +0.01 points	0.14%	0.15%
American ExpressAXP	SPYX +0.01 points	0.26%	0.27%
Keysight TechnologiesKEYS	SPYX +0.01 points	0.08%	0.09%
CorningGLW	SPYX +0.01 points	0.15%	0.16%
CienaCIEN	SPYX +0.01 points	0.07%	0.08%
Netapp IncNTAP	SPYX +0.01 points	0.06%	0.07%
Philip Morris InternationalPM	SPYX +0.01 points	0.50%	0.51%
SalesforceCRM	Same weight	0.29%	0.29%
Coinbase Global Class ACOIN	SPYX +0.01 points	0.05%	0.06%
Charles SchwabSCHW	SPYX +0.01 points	0.22%	0.23%
TeradyneTER	Same weight	0.07%	0.07%
Starbucks CorpSBUX	SPYX +0.01 points	0.18%	0.19%
Te Connectivity PLCTEL	SPYX +0.01 points	0.09%	0.10%
Howmet AerospaceHWM	SPYX +0.01 points	0.12%	0.13%
Capital One Financial CorpCOF	SPYX +0.01 points	0.19%	0.20%
Equinix ReitEQIX	SPYX +0.01 points	0.15%	0.16%
TjxTJX	Same weight	0.24%	0.24%
Accenture PLC Class AACN	Same weight	0.24%	0.24%
RtxRTX	SPYX +0.01 points	0.41%	0.42%
Comfort Systems UsaFIX	Same weight	0.07%	0.07%
NetflixNFLX	Same weight	0.40%	0.40%
International Business Machines CoIBM	SPYX +0.01 points	0.37%	0.38%
Cummins IncCMI	Same weight	0.11%	0.11%
Lockheed MartinLMT	Same weight	0.20%	0.20%
ResmedRMD	SPYX +0.01 points	0.05%	0.06%
Procter & GamblePG	SPYX +0.01 points	0.57%	0.58%
United RentalsURI	SPYX +0.01 points	0.11%	0.12%
Booking HoldingsBKNG	SPYX +0.01 points	0.17%	0.18%
Hp IncHPQ	SPYX +0.01 points	0.04%	0.05%
Ametek IncAME	SPYX +0.01 points	0.08%	0.09%
Us BancorpUSB	SPYX +0.01 points	0.14%	0.15%
FortinetFTNT	Same weight	0.13%	0.13%
Quanta Services IncPWR	SPYX +0.01 points	0.14%	0.15%

All 505 IVV holdings⁠All 487 SPYX 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 SPYX Cost

Overpaying SPYX vs IVV

$3,517

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

IVV 0.03%
$638
SPYX 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

IVV 0.03%
SPYX 0.20%
Overpaying

Year by year

Year	IVV	SPYX	Overpaying
10	$55	$365	$310
20	$216	$1,421	$1,205
30	$638	$4,155	$3,517

Expense ratio

0.03%IVV, cheaper
0.20%SPYX

IVV0.03%SPYX0.20%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

IVV 2nd cheapest of 14 funds

SPYX 12th cheapest of 14 funds

IVV vs SPYX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IVV 1.11%, better; SPYX 0.86%
Payout (12M): IVV $8.40; SPYX $0.53
Last payment: IVV $2.20; SPYX $0.13
Ex-dividend: IVV Sep 15, 2026; SPYX Sep 21, 2026
Paid on: IVV Sep 18, 2026; SPYX Sep 23, 2026
Frequency: IVV Quarterly; SPYX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVVQuarterly · 40 paymentsAll IVV payments⁠

SPYXQuarterly · 39 paymentsAll SPYX payments⁠

IVV vs SPYX Risk

Fall from peak · 5 years

IVV
SPYX

Risk facts

VolatilityStd dev, 3 years: IVV 12.3%, betterSPYX 12.7%
Return per unit of riskSharpe ratio, 3 years: IVV 1.42, betterSPYX 1.37
Worst fallMax drawdown, 5 years: IVV −24.5%, betterSPYX −26.1%
Market sensitivityBeta, 5 years: IVV 1.00SPYX 1.01; Market = 1

IVV and SPYX in the news

All news⁠

New ETFs
C.J. Lawrence's new 0.75% ETF hedges a band J.P. Morgan already covers at 0.50%
10 hours agoIVV
Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026IVV
Deep Dive
SPY vs. SPYM, VOO, and IVV: Why SPY trails cheaper S&P 500 ETFs
Oct 29, 2026IVV
Head-to-Head
VOO and IVV own the same S&P 500 stocks at the same fee
Oct 23, 2026IVV
Head-to-Head
Own iShares Core S&P 500 ETF, IVV, unless you want the heavier growth bet in Vanguard Morningstar Growth ETF, VUG
Oct 16, 2026IVV
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026IVV

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IVV vs SPYX

In short

Stated mandate

Why people hold it