IVV vs XLK: Grades, Fees and Holdings Compared

iShares Core S&P 500 ETF

IVVANYSE Arca

State Street Technology Select Sector SPDR ETF

XLKANYSE Arca

Overlap

38.5%by weight

Expense ratio

IVV −0.05pt a year

IVV0.03%XLK0.08%

Avg volume · 30D

XLK 1.3×the volume

IVV6.39MXLK8.32M

10Y return · a year

XLK +8.8pt

IVV+15.7%XLK+24.5%

IVV vs XLK Performance

Oct 28, 2021 – Oct 28, 2026

+80.7%IVV+146.4%XLK

Expense ratio: IVV 0.03%, better; XLK 0.08%
Fund size: IVV $889B; XLK $123B
1Y total return: IVV +13.7%; XLK +27.1%, better
Yield (12M): IVV 1.08%, better; XLK 0.44%
Holdings: IVV 507; XLK 77
Avg volume (30D): IVV 6.39M sh; XLK 8.32M sh, better
NAV per share: IVV $775.30; XLK $186.31
52W range

ETF.net Grade

Pillar letters and Scores for IVV, XLK, with each pillar’s weight
Pillar	IVV	XLK
Cost30% weight	A84	A98
Mission25% weight	A100	A76
Risk15% weight	C51	B56
Tradability15% weight	A80	A98
Holdings10% weight	B55	C41
Durability5% weight	A86	A82

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

IVV ranks 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

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

XLK ranks 1st of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 80
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 77

Our read on each fund

ETF.net Research

IVVAiShares Core S&P 500 ETF

XLKAState Street Technology Select Sector SPDR 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.

XLK A 1998 original: XLK owns the technology slice of the S&P 500, about 70 names, for eight basis points. Big, heavily traded, and top-heavy by design, with quarterly caps the only brake on the giants at the top.

Stated mandate

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

XLK The fund seeks to track the price and yield performance of the Technology Select Sector Index before expenses.

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

XLK Costs 0.08% a year against a roughly 0.40% median for broad tech funds, tying FTEC as the cheapest of the category's top-rated names and undercutting VGT's 0.09%.
One of the largest and most actively traded funds in the tech aisle, so entering or exiting rarely means fighting the order book.
Running since December 1998 and dead simple: the tech sector of the S&P 500, spanning software, semiconductors, hardware, communications equipment and IT services. Pays quarterly.ssga.com

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.

XLK Top-heavy by construction. About 70 stocks, and the index only trims its biggest weights at quarterly rebalances to stay inside fund diversification limits.spglobal.com
The universe is S&P 500 tech only. Smaller tech companies outside the big index are out, and the Select Sector funds split the S&P 500 up, so some familiar names sit in other sector funds.ssga.com
It is one sector with no ballast from the rest of the market, so a tech drawdown lands here in full.

Full IVV profile⁠

Full XLK profile⁠

IVV vs XLK Holdings

Holdings as of Oct 28, 2026 for IVV and Oct 27, 2026 for XLK

How IVV and XLK differ

Overlap by weight

38.5%

Shared holdings make up 100% of XLK and 38.5% of IVV.

Level by level

Sector11 Sectors37.7%
Holdings75 in both38.5%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in IVV and XLK, widest gap first
Sector	More in IVVMore in XLK	IVV	XLK
Technology	XLK +62.3 points	37.6%	99.9%
Financials	IVV +12.1 points	12.1%	0.0%
Health Care	IVV +9.9 points	9.9%	0.0%
Communication	IVV +9.2 points	9.2%	0.0%
Consumer Discretionary	IVV +9.0 points	9.0%	0.0%
Industrials	IVV +8.0 points	8.0%	0.0%
Consumer Staples	IVV +5.0 points	5.0%	0.0%
Energy	IVV +3.6 points	3.7%	0.1%
Utilities	IVV +2.0 points	2.0%	0.0%
Real Estate	IVV +1.8 points	1.8%	0.0%
Materials	IVV +1.7 points	1.7%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IVV and XLK, widest gap first
Country	More in IVVMore in XLK	IVV	XLK
United States	XLK +0.4 points	97.9%	98.3%
Ireland	XLK +0.1 points	1.2%	1.3%
United Kingdom	IVV +0.4 points	0.4%	0.0%
Netherlands	XLK +0.3 points	0.1%	0.4%
Switzerland	IVV +0.3 points	0.3%	0.0%
Bermuda	IVV +0.1 points	0.1%	0.0%
Canada	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IVV38.1%
XLK64.7%

Securities held

IVV504
XLK75

Asset class

IVV: Equity
XLK: Equity

Holdings

Only in IVV429
In both75
Only in XLK0

Only in IVV

429 securities, 61.4% of IVV by weight

Amazon.com Inc3.73%
Alphabet Class A2.83%
Alphabet Class C2.26%
Meta Platforms Class A2.05%
Tesla Inc1.72%
Eli Lilly1.54%
Berkshire Hathaway Inc Class B1.52%
JPMorgan Chase & Co1.34%
Exxonmobil Holdings Corp1.11%
Visa Class A1.03%
Johnson & Johnson0.97%
Walmart0.80%
AbbVie0.76%
Mastercard Class A0.74%
Chevron0.68%
Costco Wholesale Corp0.66%
Procter & Gamble0.56%
UnitedHealth Group0.55%
Coca-Cola0.53%
Merck & Co Inc0.53%
Bank of America0.49%
Caterpillar Inc0.49%
Home Depot0.48%
Philip Morris International0.47%
Ge Aerospace0.46%
Goldman Sachs Group0.40%
Rtx0.39%
Netflix0.39%
Thermo Fisher Scientific0.38%
Wells Fargo0.38%
Amgen Inc0.36%
Ge Vernova0.36%
Linde PLC0.35%
Morgan Stanley0.34%
Citigroup0.31%
Gilead Sciences0.30%
Walt Disney0.29%
Verizon Communications Inc0.27%
Pepsico0.27%
Abbott Laboratories0.27%
Union Pacific0.27%
Conocophillips0.27%
Mcdonalds Corp0.27%
Nextera Energy0.26%
Pfizer0.26%
American Express0.25%
BlackRock0.25%
Welltower0.25%
Deere0.24%
Intuitive Surgical0.24%

Only in XLK

0 securities, 0.0% of XLK by weight

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in IVV and XLK, widest gap first
Holding	More in IVVMore in XLK	IVV	XLK
NVIDIANVDA	XLK +7.42 points	7.92%	15.34%
AppleAAPL	XLK +7.12 points	7.61%	14.73%
MicrosoftMSFT	XLK +5.68 points	5.93%	11.61%
Advanced Micro DevicesAMD	XLK +3.24 points	1.37%	4.61%
Micron TechnologyMU	XLK +2.39 points	1.58%	3.97%
Broadcom IncAVGO	XLK +2.15 points	2.45%	4.60%
Palantir Technologies Class APLTR	XLK +2.03 points	0.69%	2.72%
Intel CorporationINTC	XLK +1.97 points	0.70%	2.67%
Cisco Systems IncCSCO	XLK +1.92 points	0.66%	2.58%
Palo Alto NetworksPANW	XLK +1.40 points	0.49%	1.89%
Applied Material IncAMAT	XLK +1.36 points	0.47%	1.83%
Lam ResearchLRCX	XLK +1.32 points	0.45%	1.77%
Texas InstrumentTXN	XLK +1.20 points	0.42%	1.62%
Crowdstrike Holdings Class ACRWD	XLK +1.17 points	0.41%	1.58%
International Business Machines CoIBM	XLK +1.07 points	0.35%	1.42%
OracleORCL	XLK +0.95 points	0.34%	1.29%
SalesforceCRM	XLK +0.91 points	0.30%	1.21%
Marvell TechnologyMRVL	XLK +0.90 points	0.32%	1.22%
Analog DevicesADI	XLK +0.87 points	0.31%	1.18%
KlaKLAC	XLK +0.86 points	0.30%	1.16%
QualcommQCOM	XLK +0.84 points	0.30%	1.14%
Amphenol Corp Class AAPH	XLK +0.81 points	0.29%	1.10%
Arista NetworksANET	XLK +0.81 points	0.29%	1.10%
SandiskSNDK	XLK +0.80 points	0.29%	1.09%
ServicenowNOW	XLK +0.73 points	0.24%	0.97%
Accenture PLC Class AACN	XLK +0.68 points	0.22%	0.90%
Seagate Technology Holdings PLCSTX	XLK +0.64 points	0.23%	0.87%
Dell Technologies Inc Class CDELL	XLK +0.61 points	0.23%	0.84%
Western Digital CorpWDC	XLK +0.55 points	0.21%	0.76%
FortinetFTNT	XLK +0.50 points	0.17%	0.67%
Adobe IncADBE	XLK +0.46 points	0.15%	0.61%
CorningGLW	XLK +0.45 points	0.15%	0.60%
IntuitINTU	XLK +0.42 points	0.13%	0.55%
Datadog Inc Class ADDOG	XLK +0.42 points	0.14%	0.56%
Cadence Design SystemsCDNS	XLK +0.39 points	0.14%	0.53%
SynopsysSNPS	XLK +0.38 points	0.14%	0.52%
Motorola Solutions IncMSI	XLK +0.36 points	0.12%	0.48%
Hewlett Packard EnterpriseHPE	XLK +0.34 points	0.12%	0.46%
Lumentum HoldingsLITE	XLK +0.31 points	0.12%	0.43%
Nxp Semiconductors NVNXPI	XLK +0.27 points	0.10%	0.37%
Te Connectivity PLCTEL	XLK +0.27 points	0.10%	0.37%
Monolithic Power Systems IncMPWR	XLK +0.25 points	0.09%	0.34%
Keysight TechnologiesKEYS	XLK +0.24 points	0.09%	0.33%
AutodeskADSK	XLK +0.23 points	0.08%	0.31%
TeradyneTER	XLK +0.21 points	0.08%	0.29%
CienaCIEN	XLK +0.21 points	0.07%	0.28%
Roper TechnologiesROP	XLK +0.20 points	0.06%	0.26%
Netapp IncNTAP	XLK +0.19 points	0.07%	0.26%
Everpure Inc Class AP	XLK +0.19 points	0.07%	0.26%
CoherentCOHR	XLK +0.19 points	0.07%	0.26%
Workday Class AWDAY	XLK +0.19 points	0.06%	0.25%
Microchip Technology IncMCHP	XLK +0.17 points	0.07%	0.24%
Cognizant Technology Solutions ClaCTSH	XLK +0.15 points	0.04%	0.19%
Hp IncHPQ	XLK +0.14 points	0.05%	0.19%
Teledyne TechnologiesTDY	XLK +0.13 points	0.05%	0.18%
JabilJBL	XLK +0.13 points	0.04%	0.17%
On Semiconductor CorpON	XLK +0.12 points	0.05%	0.17%
Flex LtdFLEX	XLK +0.12 points	0.05%	0.17%
F5FFIV	XLK +0.12 points	0.04%	0.16%
VerisignVRSN	XLK +0.11 points	0.04%	0.15%
Qnity ElectronicsQ	XLK +0.10 points	0.04%	0.14%
Twilio Class ATWLO	XLK +0.10 points	0.06%	0.16%
PtcPTC	XLK +0.10 points	0.03%	0.13%
CdwCDW	XLK +0.09 points	0.03%	0.12%
Skyworks SolutionsSWKS	XLK +0.08 points	0.03%	0.11%
Zebra Technologies Corp Class AZBRA	XLK +0.08 points	0.03%	0.11%
Super Micro Computer IncSMCI	XLK +0.08 points	0.03%	0.11%
First SolarFSLR	XLK +0.08 points	0.03%	0.11%
Fair IsaacFICO	XLK +0.07 points	0.02%	0.09%
Tyler TechnologiesTYL	XLK +0.07 points	0.02%	0.09%
GartnerIT	XLK +0.07 points	0.02%	0.09%
Trimble IncTRMB	XLK +0.07 points	0.02%	0.09%
Akamai Technologies IncAKAM	XLK +0.06 points	0.02%	0.08%
Godaddy Class AGDDY	XLK +0.06 points	0.02%	0.08%
Gen DigitalGEN	XLK +0.06 points	0.02%	0.08%

All 505 IVV holdings⁠All 75 XLK 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 XLK Cost

Overpaying XLK vs IVV

$1,051

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

IVV 0.03%
$638
XLK 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

IVV 0.03%
XLK 0.08%
Overpaying

Year by year

Year	IVV	XLK	Overpaying
10	$55	$147	$92
20	$216	$575	$359
30	$638	$1,689	$1,051

Expense ratio

0.03%IVV, cheaper
0.08%XLK

Different Categories, so each fee sits in its own Category’s range.

IVV among 14 S&P 500 funds

IVV0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

IVV 2nd cheapest of 14 funds

XLK among 23 Technology (Broad) funds

XLK0.08%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

XLK cheapest of 23 funds

IVV vs XLK Dividends

Last 12 months to Oct 28, 2026

Yield (12M): IVV 1.08%, better; XLK 0.44%
Payout (12M): IVV $8.40; XLK $0.83
Last payment: IVV $2.20; XLK $0.22
Ex-dividend: IVV Sep 15, 2026; XLK Sep 21, 2026
Paid on: IVV Sep 18, 2026; XLK Sep 23, 2026
Frequency: IVV Quarterly; XLK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVVQuarterly · 40 paymentsAll IVV payments⁠

XLKQuarterly · 39 paymentsAll XLK payments⁠

IVV vs XLK Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IVV 12.4%, betterXLK 22.7%
Return per unit of riskSharpe ratio, 3 years: IVV 1.37, betterXLK 1.23
Worst fallMax drawdown, 5 years: IVV −24.5%, betterXLK −33.6%
Market sensitivityBeta, 5 years: IVV 1.00XLK 1.35; Market = 1

IVV and XLK in the news

All news⁠

Deep Dive
SPY is a 1993 trust, and it still costs more to hold the S&P 500
41 minutes agoIVV
Closing Bell
Fed holds rates, stocks rise a third day as long yields climb
20 hours agoXLK
Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026XLK
Closing Bell
Brazil ETF EWZ falls 19.8% as Lula win drives Ibovespa’s worst day since 2020
Oct 26, 2026XLK
Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026XLK
The Big Picture
The 10-year yield fell to 5%, and it was not cooler inflation
Oct 24, 2026XLK

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