IVV vs SSPY: Grades, Fees and Holdings Compared

iShares Core S&P 500 ETF

IVVANYSE Arca

Stratified LargeCap Index ETF

SSPYCNYSE Arca

Overlap

43.9%by weight

Expense ratio

IVV −0.42pt a year

IVV0.03%SSPY0.45%

Avg volume · 30D

IVV 3957.8×the volume

IVV6.23MSSPY1.57K

5Y return · a year

IVV +2.1pt

IVV+12.0%SSPY+9.9%

IVV vs SSPY Performance

Oct 29, 2021 – Oct 30, 2026

+76.6%IVV+60.2%SSPY

Expense ratio: IVV 0.03%, better; SSPY 0.45%
Fund size: IVV $870B; SSPY $133M
1Y total return: IVV +12.1%; SSPY +19.1%, better
Yield (12M): IVV 1.11%; SSPY 1.19%, better
Holdings: IVV 507; SSPY 504
Avg volume (30D): IVV 6.23M sh, better; SSPY 1.57K sh
NAV per share: IVV $758.95; SSPY $101.77
52W range

ETF.net Grade

Pillar letters and Scores for IVV, SSPY, with each pillar’s weight
Pillar	IVV	SSPY
Cost30% weight	A84Higher	F1
Mission25% weight	A100Higher	A74
Risk15% weight	C51	B69Higher
Tradability15% weight	A78Higher	F24
Holdings10% weight	B55	A87Higher
Durability5% weight	A86Higher	C40

Rank among S&P 500 funds

How we build Categories ›

Same Category. IVV and SSPY 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 SSPY 13th 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 12CDLCUDimensional US Large Company ETFScore 50
Rank 13CSSPYStratified LargeCap Index ETFScore 43
Rank 14CEGLEGlobal X S&P 500 U.S. Revenue Leaders ETFScore 40

Our read on each fund

ETF.net Research

IVVAiShares Core S&P 500 ETF

SSPYCStratified LargeCap Index 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.

SSPY The contrarian on the S&P 500 shelf. SSPY tracks Syntax's Stratified LargeCap Index instead of the standard cap-weighted benchmark its rivals follow, and has been running that alternative rulebook since the end of 2014.

Stated mandate

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

SSPY The Fund seeks to track, before expenses, the total return of companies included in the Syntax Stratified LargeCap Index.

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

SSPY Same US large-cap universe as the shelf giants (VOO, IVV, SPY), different rulebook: it follows the Syntax Stratified LargeCap Index rather than the plain cap-weighted benchmark.
Plain-vanilla plumbing: a diversified US equity portfolio in a standard 1940 Act ETF wrapper, with no structural quirks flagged in our review.
Launched at the end of 2014, so the strategy carries a decade-plus live record instead of a backtest.

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.

SSPY The differentiation costs money: 0.45% a year, versus a 0.15% median for this peer group and 0.02% to 0.09% at the largest S&P 500 trackers.
Thinly traded and small next to the giants on this shelf, which typically shows up as wider bid-ask spreads at the moment you trade.
Income arrives on an annual or semiannual schedule, not quarterly.

Full IVV profile⁠

Full SSPY profile⁠

IVV vs SSPY Holdings

How IVV and SSPY differ

Overlap by weight

43.9%

Shared holdings make up 99.9% of IVV and 99.2% of SSPY.

Level by level

Holdings503 in both43.9%
Countryby domicile99.4%
Asset classEquity100%

Sector

No Sector split for SSPY.

Country, concentration and asset class

Country by domicile

Country weights in IVV and SSPY, widest gap first
Country	More in IVVMore in SSPY	IVV	SSPY
United States	IVV +0.6 points	99.5%	99.0%
Other countries (5)	SSPY +0.5 points	0.5%	1.0%

Concentration

Weight in the 10 largest Holdings

IVV37.3%
SSPY9.2%

Securities held

IVV504
SSPY503

Asset class

IVV: Equity
SSPY: Equity

Holdings

Only in IVV1
In both503
Only in SSPY0

Only in IVV

1 security, 0.0% of IVV by weight

Hologic Inc0.00%

Only in SSPY

0 securities, 0.0% of SSPY by weight

Weight gaps

The 100 widest of 503 Holdings in both funds.

Holding weights in IVV and SSPY, widest gap first
Holding	More in IVVMore in SSPY	IVV	SSPY
NVIDIANVDA	IVV +7.47 points	7.58%	0.11%
AppleAAPL	IVV +7.17 points	7.70%	0.53%
MicrosoftMSFT	IVV +4.85 points	5.93%	1.08%
Amazon.com IncAMZN	IVV +3.40 points	3.61%	0.21%
Alphabet Class AGOOGL	IVV +2.32 points	2.51%	0.19%
Broadcom IncAVGO	IVV +2.05 points	2.37%	0.32%
Alphabet Class CGOOG	IVV +1.83 points	2.02%	0.19%
Meta Platforms Class AMETA	IVV +1.65 points	2.08%	0.43%
Micron TechnologyMU	IVV +1.43 points	1.53%	0.10%
Eli LillyLLY	IVV +1.41 points	1.74%	0.33%
Tesla IncTSLA	IVV +1.30 points	1.72%	0.42%
JPMorgan Chase & CoJPM	IVV +1.25 points	1.37%	0.12%
Advanced Micro DevicesAMD	IVV +1.14 points	1.26%	0.12%
Visa Class AV	IVV +1.03 points	1.08%	0.05%
Berkshire Hathaway Inc Class BBRK.B	IVV +1.01 points	1.55%	0.54%
Synchrony FinancialSYF	SSPY +0.98 points	0.04%	1.02%
Capital One Financial CorpCOF	SSPY +0.82 points	0.19%	1.01%
KrogerKR	SSPY +0.79 points	0.06%	0.85%
Mastercard Class AMA	IVV +0.74 points	0.79%	0.05%
Johnson & JohnsonJNJ	IVV +0.73 points	1.01%	0.28%
International Business Machines CoIBM	SSPY +0.70 points	0.37%	1.07%
SyscoSYY	SSPY +0.69 points	0.06%	0.75%
Ross Stores IncROST	SSPY +0.65 points	0.11%	0.76%
Exxonmobil Holdings CorpXOM	IVV +0.62 points	1.18%	0.56%
TjxTJX	SSPY +0.61 points	0.24%	0.85%
Universal Health Services Class BUHS	SSPY +0.50 points	0.01%	0.51%
AbbVieABBV	IVV +0.50 points	0.80%	0.30%
Darden Restaurants IncDRI	SSPY +0.49 points	0.04%	0.53%
Palantir Technologies Class APLTR	IVV +0.49 points	0.65%	0.16%
Dominos PizzaDPZ	SSPY +0.48 points	0.02%	0.50%
Yum BrandsYUM	SSPY +0.49 points	0.06%	0.55%
LoewsL	SSPY +0.48 points	0.03%	0.51%
Cisco Systems IncCSCO	IVV +0.47 points	0.63%	0.16%
Hca HealthcareHCA	SSPY +0.45 points	0.11%	0.56%
Kinder MorganKMI	SSPY +0.45 points	0.10%	0.55%
Church and Dwight IncCHD	SSPY +0.45 points	0.04%	0.49%
Estee Lauder Inc Class AEL	SSPY +0.44 points	0.04%	0.48%
Targa ResourcesTRGP	SSPY +0.44 points	0.10%	0.54%
Kimberly ClarkKMB	SSPY +0.43 points	0.05%	0.48%
CloroxCLX	SSPY +0.42 points	0.02%	0.44%
KenvueKVUE	SSPY +0.42 points	0.06%	0.48%
Motorola Solutions IncMSI	SSPY +0.41 points	0.12%	0.53%
OneokOKE	SSPY +0.41 points	0.09%	0.50%
Intel CorporationINTC	IVV +0.40 points	0.50%	0.10%
Brown Forman Class BBF.B	SSPY +0.39 points	<0.01%	0.40%
Bank of AmericaBAC	IVV +0.40 points	0.50%	0.10%
Tyson Foods Inc Class ATSN	SSPY +0.38 points	0.02%	0.40%
WilliamsWMB	SSPY +0.37 points	0.14%	0.51%
Hormel Foods CorpHRL	SSPY +0.37 points	<0.01%	0.38%
Chipotle Mexican GrillCMG	SSPY +0.38 points	0.06%	0.44%
Jm SmuckerSJM	SSPY +0.37 points	0.02%	0.39%
Constellation Brands Class ASTZ	SSPY +0.37 points	0.03%	0.40%
Centene CorpCNC	SSPY +0.37 points	0.05%	0.42%
Charter Communications Class ACHTR	SSPY +0.36 points	0.02%	0.38%
Starbucks CorpSBUX	SSPY +0.36 points	0.18%	0.54%
Ge AerospaceGE	IVV +0.36 points	0.48%	0.12%
Aptiv PLCAPTV	SSPY +0.36 points	0.01%	0.37%
Reddit Class ARDDT	SSPY +0.35 points	0.02%	0.37%
Colgate-PalmoliveCL	SSPY +0.34 points	0.12%	0.46%
Palo Alto NetworksPANW	IVV +0.34 points	0.46%	0.12%
Caterpillar IncCAT	IVV +0.34 points	0.44%	0.10%
Kraft HeinzKHC	SSPY +0.34 points	0.03%	0.37%
Ralph Lauren Class ARL	SSPY +0.34 points	0.02%	0.36%
HumanaHUM	SSPY +0.33 points	0.08%	0.41%
NisourceNI	SSPY +0.33 points	0.03%	0.36%
RtxRTX	IVV +0.33 points	0.41%	0.08%
Mccormick & Co Non-VotingMKC	SSPY +0.32 points	0.02%	0.34%
Home DepotHD	IVV +0.32 points	0.50%	0.18%
General Mills IncGIS	SSPY +0.32 points	0.03%	0.35%
Comcast Class ACMCSA	SSPY +0.32 points	0.13%	0.45%
Applied Material IncAMAT	IVV +0.31 points	0.47%	0.16%
Lululemon AthleticaLULU	SSPY +0.32 points	0.02%	0.34%
Lam ResearchLRCX	IVV +0.32 points	0.46%	0.14%
Linde PLCLIN	IVV +0.31 points	0.36%	0.05%
Omnicom Group IncOMC	SSPY +0.31 points	0.03%	0.34%
Atmos EnergyATO	SSPY +0.31 points	0.04%	0.35%
HasbroHAS	SSPY +0.30 points	0.03%	0.33%
American Water WorksAWK	SSPY +0.31 points	0.04%	0.35%
Skydance Shs Class BSKYD	SSPY +0.29 points	<0.01%	0.30%
Coca-ColaKO	IVV +0.30 points	0.56%	0.26%
AesAES	SSPY +0.29 points	0.02%	0.31%
Merck & Co IncMRK	IVV +0.29 points	0.56%	0.27%
Deckers OutdoorDECK	SSPY +0.29 points	0.02%	0.31%
HalliburtonHAL	SSPY +0.29 points	0.05%	0.34%
ModernaMRNA	SSPY +0.29 points	0.13%	0.42%
Archer Daniels MidlandADM	SSPY +0.27 points	0.06%	0.33%
ViatrisVTRS	SSPY +0.28 points	0.03%	0.31%
Bunge Global SABG	SSPY +0.28 points	0.02%	0.30%
MascoMAS	SSPY +0.27 points	0.02%	0.29%
Stanley Black & DeckerSWK	SSPY +0.27 points	0.02%	0.29%
A O SmithAOS	SSPY +0.27 points	0.01%	0.28%
Wells FargoWFC	IVV +0.27 points	0.39%	0.12%
Godaddy Class AGDDY	SSPY +0.27 points	0.02%	0.29%
Elevance Health IncELV	SSPY +0.27 points	0.14%	0.41%
TapestryTPR	SSPY +0.26 points	0.04%	0.30%
GarminGRMN	SSPY +0.26 points	0.07%	0.33%
Crowdstrike Holdings Class ACRWD	IVV +0.26 points	0.39%	0.13%
Hp IncHPQ	SSPY +0.26 points	0.04%	0.30%
General MotorsGM	SSPY +0.26 points	0.12%	0.38%
Ford Motor CoF	SSPY +0.26 points	0.07%	0.33%

All 505 IVV holdings⁠All 503 SSPY 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 SSPY Cost

Overpaying SSPY vs IVV

$8,403

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

IVV 0.03%
$638
SSPY 0.45%
$9,041

Amount$10,000

Years30 years

Cost over time

IVV 0.03%
SSPY 0.45%
Overpaying

Year by year

Year	IVV	SSPY	Overpaying
10	$55	$812	$757
20	$216	$3,128	$2,912
30	$638	$9,041	$8,403

Expense ratio

0.03%IVV, cheaper
0.45%SSPY

IVV0.03%SSPY0.45%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

IVV 2nd cheapest of 14 funds

SSPY 14th cheapest of 14 funds

IVV vs SSPY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IVV 1.11%; SSPY 1.19%, better
Payout (12M): IVV $8.40; SSPY $1.20
Last payment: IVV $2.20; SSPY $1.20
Ex-dividend: IVV Sep 15, 2026; SSPY Dec 30, 2025
Paid on: IVV Sep 18, 2026; SSPY Dec 31, 2025
Frequency: IVV Quarterly; SSPY Annual

Distribution history

Per share, 2017 to 2026, same scale for both

IVVQuarterly · 40 paymentsAll IVV payments⁠

SSPYAnnual · 8 paymentsAll SSPY payments⁠

IVV vs SSPY Risk

Fall from peak · 5 years

IVV
SSPY

Risk facts

VolatilityStd dev, 3 years: IVV 12.3%SSPY 11.8%, better
Return per unit of riskSharpe ratio, 3 years: IVV 1.42, betterSSPY 1.21
Worst fallMax drawdown, 5 years: IVV −24.5%SSPY −19.6%, better
Market sensitivityBeta, 5 years: IVV 1.00SSPY 0.85; Market = 1

IVV and SSPY 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%
11 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

Popular comparisons

IVVAvsSPYMA
iShares Core S&P 500 ETF · State Street SPDR Portfolio S&P 500 ETF
Expense ratio
0.03% · 0.02%
Category
SSPYCvsSPYMA
Stratified LargeCap Index ETF · State Street SPDR Portfolio S&P 500 ETF
Expense ratio
0.45% · 0.02%
Category
IVVAvsVOOA
iShares Core S&P 500 ETF · Vanguard S&P 500 ETF
Expense ratio
0.03% · 0.03%
Category
SSPYCvsVOOA
Stratified LargeCap Index ETF · Vanguard S&P 500 ETF
Expense ratio
0.45% · 0.03%
Category
IVVAvsUSPXA
iShares Core S&P 500 ETF · Franklin U.S. Equity Index ETF
Expense ratio
0.03% · 0.03%
Category
SSPYCvsUSPXA
Stratified LargeCap Index ETF · Franklin U.S. Equity Index ETF
Expense ratio
0.45% · 0.03%
Category