IVW vs SPYG: Grades, Fees and Holdings Compared

iShares S&P 500 Growth ETF

IVWBNYSE Arca

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Overlap

98.8%by weight

Expense ratio

SPYG −0.14pt a year

IVW0.18%SPYG0.04%

Avg volume · 30D

SPYG 1.4×the volume

IVW1.67MSPYG2.28M

10Y return · a year

SPYG +0.2pt

IVW+17.3%SPYG+17.5%

IVW vs SPYG Performance

Oct 29, 2021 – Oct 30, 2026

+72.2%IVW+73.4%SPYG

Expense ratio: IVW 0.18%; SPYG 0.04%, better
Fund size: IVW $74.7B; SPYG $55.5B
1Y total return: IVW +8.2%; SPYG +8.3%, better
Yield (12M): IVW 0.36%; SPYG 0.50%, better
Holdings: IVW 154; SPYG 154
Avg volume (30D): IVW 1.67M sh; SPYG 2.28M sh, better
NAV per share: IVW $134.44; SPYG $119.59
52W range

ETF.net Grade

Pillar letters and Scores for IVW, SPYG, with each pillar’s weight
Pillar	IVW	SPYG
Cost30% weight	C49	A96Higher
Mission25% weight	A98	A98
Risk15% weight	B62	B62
Tradability15% weight	A72	A95Higher
Holdings10% weight	D37	D38Higher
Durability5% weight	A84Higher	A79

Rank among US Growth Index funds

How we build Categories ›

Same Category. IVW and SPYG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SPYG ranks 1st and IVW 12th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68
Rank 12BIVWiShares S&P 500 Growth ETFScore 67
Rank 12BVOOGVanguard S&P 500 Growth ETFScore 67

Our read on each fund

ETF.net Research

IVWBiShares S&P 500 Growth ETF

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

In short

IVW The 2000-vintage original for S&P 500 growth exposure: roughly 150 large caps chosen by a three-factor rules screen, cap-weighted, no manager discretion. Big and liquid, though cheaper trackers of the same benchmark now exist.

SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.

Stated mandate

IVW The fund seeks to track an index of U.S. large-cap stocks exhibiting strong growth characteristics, selected using measures including earnings and revenue growth.

SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.

Why people hold it

IVW A 2000-vintage original among style ETFs, now a multi-billion-dollar fund whose returns hug its index very closely.
The growth screen is mechanical: sales growth, earnings change to price, and 12-month price momentum. Rules pick the names, not a stock picker.barchart.com
Actively traded with the iShares plumbing behind it, which supports tight spreads on retail-size orders.
Pays a distribution quarterly and sits in the upper half of the US growth cohort on overall build quality.

SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

Worth knowing

IVW At 0.18%, it costs the category median, while SPYG follows the same S&P 500 Growth benchmark for 0.04% and SCHG runs at 0.04%.
Roughly 150 cap-weighted names, so the biggest growth companies drive most of the movement.
This is one half of a style split: the growth side of the S&P 500 only, with the value side living in a separate fund.barchart.com

SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
Large-cap US only. No small caps, no international, no bonds.

Full IVW profile⁠

Full SPYG profile⁠

IVW vs SPYG Holdings

How IVW and SPYG differ

Overlap by weight

98.8%

Shared holdings make up 100% of SPYG and 99.9% of IVW.

Level by level

Sector10 Sectors98.6%
Holdings152 in both98.8%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in IVW and SPYG, widest gap first
Sector	More in IVWMore in SPYG	IVW	SPYG
Communication	SPYG +1.4 points	13.4%	14.8%
Technology	IVW +0.8 points	53.7%	52.9%
Health Care	IVW +0.2 points	7.1%	6.8%
Industrials	IVW +0.2 points	5.8%	5.6%
Financials	IVW +0.1 points	9.3%	9.2%
Consumer Discretionary	Same weight	8.3%	8.3%
Real Estate	Same weight	0.6%	0.6%
Utilities	Same weight	0.3%	0.3%
Materials	Same weight	0.3%	0.3%
Consumer Staples	Same weight	1.2%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in IVW and SPYG, widest gap first
Country	More in IVWMore in SPYG	IVW	SPYG
United States	Same weight	99.8%	99.8%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

IVW59.1%
SPYG58.9%

Securities held

IVW152
SPYG152

Asset class

IVW: Equity
SPYG: Equity

Holdings

Only in IVW0
In both152
Only in SPYG0

Only in IVW

0 securities, 0.0% of IVW by weight

Only in SPYG

0 securities, 0.0% of SPYG by weight

Weight gaps

The 100 widest of 152 Holdings in both funds.

Holding weights in IVW and SPYG, widest gap first
Holding	More in IVWMore in SPYG	IVW	SPYG
NVIDIANVDA	SPYG +0.25 points	14.19%	14.44%
Advanced Micro DevicesAMD	SPYG +0.22 points	2.36%	2.58%
Eli LillyLLY	IVW +0.18 points	3.25%	3.07%
Broadcom IncAVGO	SPYG +0.13 points	4.45%	4.58%
MicrosoftMSFT	IVW +0.12 points	11.11%	10.99%
AppleAAPL	IVW +0.10 points	7.21%	7.11%
Micron TechnologyMU	SPYG +0.09 points	2.86%	2.95%
Berkshire Hathaway Inc Class BBRK.B	IVW +0.08 points	2.90%	2.82%
SandiskSNDK	SPYG +0.06 points	0.48%	0.54%
Alphabet Class AGOOGL	IVW +0.06 points	4.71%	4.65%
Palantir Technologies Class APLTR	SPYG +0.05 points	1.21%	1.26%
Applied Material IncAMAT	SPYG +0.04 points	0.89%	0.93%
Alphabet Class CGOOG	IVW +0.04 points	3.79%	3.75%
Amazon.com IncAMZN	IVW +0.04 points	3.58%	3.54%
Meta Platforms Class AMETA	IVW +0.04 points	3.89%	3.85%
Visa Class AV	IVW +0.04 points	1.11%	1.07%
Tesla IncTSLA	IVW +0.03 points	2.00%	1.97%
Arista NetworksANET	SPYG +0.03 points	0.51%	0.54%
Lam ResearchLRCX	SPYG +0.03 points	0.86%	0.89%
Mastercard Class AMA	IVW +0.03 points	0.99%	0.96%
AbbVieABBV	IVW +0.03 points	0.69%	0.66%
Datadog Inc Class ADDOG	SPYG +0.02 points	0.23%	0.25%
RtxRTX	IVW +0.02 points	0.77%	0.75%
Johnson & JohnsonJNJ	IVW +0.02 points	1.11%	1.09%
NetflixNFLX	IVW +0.02 points	0.74%	0.72%
KlaKLAC	SPYG +0.02 points	0.59%	0.61%
Marvell TechnologyMRVL	SPYG +0.02 points	0.23%	0.25%
Amgen IncAMGN	IVW +0.02 points	0.49%	0.47%
Gilead SciencesGILD	IVW +0.02 points	0.33%	0.31%
Coca-ColaKO	IVW +0.02 points	0.44%	0.42%
Seagate Technology Holdings PLCSTX	SPYG +0.01 points	0.27%	0.28%
Applovin Class AAPP	SPYG +0.01 points	0.18%	0.19%
WelltowerWELL	IVW +0.01 points	0.48%	0.47%
Philip Morris InternationalPM	IVW +0.01 points	0.52%	0.51%
Lumentum HoldingsLITE	SPYG +0.02 points	0.21%	0.23%
OracleORCL	SPYG +0.01 points	0.34%	0.35%
Twilio Class ATWLO	SPYG +0.01 points	0.09%	0.10%
JPMorgan Chase & CoJPM	IVW +0.02 points	1.75%	1.73%
CoherentCOHR	SPYG +0.01 points	0.12%	0.13%
Crowdstrike Holdings Class ACRWD	SPYG +0.01 points	0.73%	0.74%
Bloom Energy Class ABE	SPYG +0.01 points	0.17%	0.18%
Illumina IncILMN	SPYG +0.01 points	0.06%	0.07%
Caterpillar IncCAT	SPYG +0.01 points	0.82%	0.83%
Robinhood Markets Class AHOOD	SPYG +0.01 points	0.19%	0.20%
Reddit Class ARDDT	SPYG +0.01 points	0.02%	0.03%
Monster BeverageMNST	Same weight	0.19%	0.19%
International Business Machines CoIBM	IVW +0.01 points	0.36%	0.35%
IntuitINTU	IVW +0.01 points	0.15%	0.14%
Cme Group Class ACME	Same weight	0.17%	0.17%
CienaCIEN	SPYG +0.01 points	0.13%	0.14%
Vertiv Holdings Class AVRT	Same weight	0.26%	0.26%
Cisco Systems IncCSCO	Same weight	0.63%	0.63%
Uber TechnologiesUBER	IVW +0.01 points	0.38%	0.37%
S&P GlobalSPGI	IVW +0.01 points	0.18%	0.17%
NewmontNEM	SPYG +0.01 points	0.32%	0.33%
Mcdonalds CorpMCD	IVW +0.01 points	0.23%	0.22%
ProgressivePGR	IVW +0.01 points	0.22%	0.21%
Palo Alto NetworksPANW	SPYG +0.01 points	0.48%	0.48%
Everpure Inc Class AP	SPYG +0.01 points	0.12%	0.13%
Monolithic Power Systems IncMPWR	IVW +0.01 points	0.17%	0.16%
Comfort Systems UsaFIX	SPYG +0.01 points	0.12%	0.13%
Marriott International Class AMAR	Same weight	0.24%	0.24%
Johnson Controls International PLCJCI	SPYG +0.01 points	0.17%	0.18%
Hilton Worldwide HoldingsHLT	IVW +0.01 points	0.23%	0.22%
StrykerSYK	SPYG +0.01 points	0.12%	0.13%
Ge VernovaGEV	SPYG +0.01 points	0.65%	0.66%
Oreilly Automotive IncORLY	Same weight	0.20%	0.20%
Intuitive SurgicalISRG	Same weight	0.44%	0.44%
AutodeskADSK	IVW +0.01 points	0.09%	0.08%
Goldman Sachs GroupGS	Same weight	0.49%	0.49%
Doordash Class ADASH	Same weight	0.19%	0.19%
Ge AerospaceGE	Same weight	0.47%	0.47%
Amphenol Corp Class AAPH	SPYG +0.01 points	0.56%	0.57%
General Dynamics CorpGD	Same weight	0.14%	0.14%
TjxTJX	Same weight	0.24%	0.24%
Flex LtdFLEX	SPYG +0.01 points	0.09%	0.10%
Cboe Global MarketsCBOE	Same weight	0.05%	0.05%
American ExpressAXP	IVW +0.01 points	0.33%	0.32%
Moodys CorpMCO	Same weight	0.10%	0.10%
ResmedRMD	SPYG +0.01 points	0.05%	0.06%
TeradyneTER	SPYG +0.01 points	0.07%	0.07%
Expedia GroupEXPE	Same weight	0.09%	0.09%
CorningGLW	SPYG +0.01 points	0.19%	0.20%
AutozoneAZO	IVW +0.01 points	0.10%	0.09%
Interactive Brokers Group Inc ClasIBKR	Same weight	0.10%	0.10%
Booking HoldingsBKNG	Same weight	0.32%	0.32%
Incyte CorpINCY	Same weight	0.06%	0.06%
BoeingBA	Same weight	0.17%	0.17%
Royal Caribbean GroupRCL	Same weight	0.22%	0.22%
EbayEBAY	Same weight	0.10%	0.10%
Trane Technologies PLCTT	Same weight	0.14%	0.14%
ServicenowNOW	Same weight	0.19%	0.19%
Cadence Design SystemsCDNS	SPYG +0.01 points	0.16%	0.17%
Simon Property Group Reit IncSPG	Same weight	0.08%	0.08%
Hca HealthcareHCA	Same weight	0.20%	0.20%
Veeva Systems Class AVEEV	Same weight	0.08%	0.08%
Constellation Energy CorpCEG	IVW +0.01 points	0.17%	0.16%
Carnival Corp LtdCCL	IVW +0.01 points	0.11%	0.10%
Ventas ReitVTR	Same weight	0.06%	0.06%
Dexcom IncDXCM	IVW +0.01 points	0.05%	0.04%

All 152 IVW holdings⁠All 152 SPYG 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.

IVW vs SPYG Cost

Overpaying IVW vs SPYG

$2,900

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

IVW 0.18%
$3,749
SPYG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IVW 0.18%
SPYG 0.04%
Overpaying

Year by year

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

Expense ratio

0.18%IVW
0.04%SPYG, cheaper

SPYG0.04%IVW0.18%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SPYG 2nd cheapest of 35 funds

IVW 17th cheapest of 35 funds

IVW vs SPYG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IVW 0.36%; SPYG 0.50%, better
Payout (12M): IVW $0.49; SPYG $0.59
Last payment: IVW $0.13; SPYG $0.15
Ex-dividend: IVW Sep 15, 2026; SPYG Sep 21, 2026
Paid on: IVW Sep 18, 2026; SPYG Sep 23, 2026
Frequency: IVW Quarterly; SPYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVWQuarterly · 38 paymentsAll IVW payments⁠

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

IVW vs SPYG Risk

Fall from peak · 5 years

IVW
SPYG

Risk facts

VolatilityStd dev, 3 years: IVW 16.5%SPYG 16.5%
Return per unit of riskSharpe ratio, 3 years: IVW 1.27SPYG 1.28, better
Worst fallMax drawdown, 5 years: IVW −32.7%SPYG −32.7%
Market sensitivityBeta, 5 years: IVW 1.17SPYG 1.17; Market = 1

IVW and SPYG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026IVWSPYG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IVWSPYG
Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026IVW

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IVW vs SPYG

In short

Stated mandate

Why people hold it