IVV vs SPLG: Head-to-Head Comparison

Side-by-Side Comparison

Key Differences Between IVV and SPLG

IVV (iShares Core S&P 500 ETF) is a u.s. large-cap blend fund managed by BlackRock. IVV tracks the S&P 500 index, offering exposure to 500 of the largest U.S. companies at one of the lowest costs available. It is a core building block for any portfolio, providing broad diversification across all major sectors of the American economy. Beginners appreciate IVV for its simplicity, rock-bottom fees, and strong long-term performance history.

SPLG (SPDR Portfolio S&P 500 ETF) is a us large-cap blend fund managed by State Street. SPLG tracks the S&P 500 Index at an expense ratio of just 0.02%, making it one of the absolute cheapest ways to own America's 500 largest companies. It is the low-cost sibling of the famous SPY ETF, designed specifically for long-term buy-and-hold investors rather than active traders. The lower share price compared to SPY also makes it more accessible for smaller investment amounts.

The most notable differences are in fees (0.03% vs 0.02%), number of holdings (503 vs 503), and 5-year returns (15.70% vs 14.00%).

Holdings Overlap Analysis

IVV and SPLG share 100% of their top holdings. This means they are very similar funds — owning both would result in significant duplication in your portfolio. For most beginners, choosing one is sufficient.

Cost Comparison Over Time

If you invest $10,000 and hold for 20 years (assuming 8% annual returns):

Over 20 years, the fee difference amounts to $86 on a $10,000 investment. The cost difference is negligible — choose based on other factors.

Which One Should a Beginner Choose?

Choose IVV if: You want investors seeking a low-cost core holding that mirrors the entire large-cap u.s. market, retirement savers building a simple three-fund portfolio, anyone who wants an alternative to voo with a slightly longer track record. It's managed by BlackRock with an expense ratio of 0.03%.

Choose SPLG if: You want cost-conscious long-term investors who prioritize the lowest possible fees, beginning investors wanting affordable entry into s&p 500 investing, retirement savers using tax-advantaged accounts where trading volume matters less. It's managed by State Street with an expense ratio of 0.02%.

Can You Own Both IVV and SPLG?

With 100% holdings overlap, owning both means you're essentially doubling down on the same stocks. For beginners, we recommend picking one to keep things simple. If you want more diversification, consider pairing your choice with an international ETF like VXUS or a bond ETF like BND instead.

Frequently Asked Questions