Dividend comparison

IVV vs SPLG: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Core S&P 500 ETF and State Street SPDR Portfolio S&P 500 ETF, side by side. Updated October 21, 2026.

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IVV vs SPLG: key differences
The short answer, from the latest data on this page.
  • Fees. SPLG is cheaper at 0.02% a year versus 0.03% for IVV. On $10,000 that is $1 a year less in fees.
  • Income. IVV pays more income, yielding 1.09% over the last twelve months versus 0.76% for SPLG. That is about $32 more a year on $10,000. Both pay quarterly.
  • Performance. Over the last 5 years, SPLG returned 92.6% versus 80.1% for IVV, with dividends reinvested. $10,000 would have grown to $19,261 in SPLG and $18,014 in IVV.
  • Risk. Their worst declines over the last 5 years were similar: -24.5% for IVV and -24.5% for SPLG from peak to trough.
  • Diversification. IVV holds 504 positions and SPLG holds 504. The ten largest positions make up 38.6% of IVV and 40.0% of SPLG.
  • Overlap. At least 66% of the two portfolios overlap by weight, across 86 shared holdings.
  • Dividend growth. IVV grew its yearly payout 8.8% a year over the last 4 years, versus 6.8% for SPLG.
  • Size. IVV is the larger fund with $883.7 billion in assets, against $95.7 billion for SPLG.

Bottom line: IVV fits better if you care most about more income today and faster dividend growth. SPLG fits better if you care most about stronger 5-year returns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricIVV
iShares Core S&P 500 ETF
SPLG
State Street SPDR Portfolio S&P 500 ETF
Dividend yield (TTM)1.09%0.76%
Dividend / share (TTM)$8.40$0.67
Payout frequencyQuarterlyQuarterly
Last dividend$2.2026 on Sep 18, 2026$0.2392 on Jun 16, 2026
Ex-dividend dateSep 15, 2026Jun 12, 2026
Dividend growth (CAGR)8.8% over 4 yrs6.8% over 4 yrs
Price$772.35$87.89
Dividend growth streak4 years5 years
Beta1.001.00
Max drawdown (5Y)-24.5%-24.5%
Market cap$880.18B$106.73B
ExchangeAMEXAMEX
Expense ratio0.03%0.02%
Assets under management$883.68B$95.72B
Number of holdings504504
Top 10 concentration38.6%40.0%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

IVV

$9.06/mo

$109 /yr at 1.09% yield

SPLG

$6.37/mo

$76 /yr at 0.76% yield

Dividend history
Total dividends paid per share in each calendar year. IVV pays quarterly; SPLG pays quarterly.
YearIVVSPLG
2025$8.0399$0.9074
2024$7.6453$0.8796
2023$6.8988$0.8046
2022$6.3933$0.7610
2021$5.7272$0.6970
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What IVV vs SPLG actually do

IVV
BlackRock's iShares S&P 500 fund, tracking the same index as its Vanguard and State Street rivals.

It holds the full index at market-cap weights and, like VOO, is structured as an open-end fund, so it can reinvest income internally and lend out securities. Differences against the other S&P 500 trackers come down to fee, share price, spread and where the fund trades commission-free, not to what is inside it. Tracking difference between the cheap S&P 500 funds is small enough that platform and tax considerations usually decide the choice.

Suits an investor who wants core S&P 500 exposure and already holds other iShares funds or trades on a platform where iShares is cheapest. There is no income case for it beyond the index's own dividends.

Core holding

SPLG
State Street's low-cost S&P 500 fund, holding the identical index to SPY at a fraction of the fee.

It is an open-end fund tracking the S&P 500, so unlike its older sibling it can reinvest income internally and lend securities. Its headline expense ratio is the lowest among the large S&P 500 trackers, and its lower share price makes it easier to fill an odd-lot allocation precisely. The trade-off is a smaller options market and slightly wider spreads than SPY, which only matters if you trade actively.

Suits a buy-and-hold investor who wants S&P 500 exposure at the smallest possible fee, and small accounts where a lower share price reduces leftover cash. Not the right tool for anyone running options strategies against the position.

Core holding

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 18, 2021 would now be worth $19,141 in IVV and $19,261 in SPLG.
PeriodIVVSPLG
1 month0.97%1.37%
3 months3.43%13.17%
Year to date12.76%9.82%
1 year14.49%26.50%
3 years87.50%76.27%
5 years80.14%92.61%
  • IVV
  • SPLG
83143204202120222023202420252026191193

Both series indexed to 100 on 2021-06-18 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • IVV
  • SPLG
0%10%19%29%39%Technology38.7%35.3%Information Technology38.3%Financial Services12.1%12.8%Communication Services9.5%11.0%Consumer Cyclical9.3%10.4%Healthcare9.3%9.8%Industrials8.0%7.3%Financials11.6%Communication9.8%Health Care9.6%Other28.9%13.4%
IVV vs SPLG holdings overlap
At least 66% overlap by weight, with 86 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsIVV weightSPLG weight
NVDANVIDIA7.91%8.33%
AAPLAPPLE7.54%6.78%
MSFTMICROSOFT5.97%6.85%
AMZNAMAZON.COM INC3.88%3.78%
GOOGLALPHABET CLASS A3.04%2.64%
AVGOBROADCOM INC2.40%2.98%
METAMETA PLATFORMS CLASS A2.34%2.77%
GOOGALPHABET CLASS C2.44%2.13%
TSLATESLA INC1.56%2.20%
BRK-BBERKSHIRE HATHAWAY INC CLASS B1.49%1.50%
Top 10 holdings
Largest positions by portfolio weight.

IVV504 holdings total

NameWeight
NVDANVIDIA7.91%
AAPLAPPLE7.54%
MSFTMICROSOFT5.97%
AMZNAMAZON.COM INC3.88%
GOOGLALPHABET CLASS A3.04%
GOOGALPHABET CLASS C2.44%
AVGOBROADCOM INC2.40%
METAMETA PLATFORMS CLASS A2.34%
TSLATESLA INC1.56%
MUMICRON TECHNOLOGY1.54%

SPLG504 holdings total

NameWeight
NVDANVIDIA CORP8.33%
MSFTMICROSOFT CORP6.85%
AAPLAPPLE INC6.78%
AMZNAMAZON.COM INC3.78%
AVGOBROADCOM INC2.98%
METAMETA PLATFORMS INC CLASS A2.77%
GOOGLALPHABET INC CL A2.64%
TSLATESLA INC2.20%
GOOGALPHABET INC CL C2.13%
BRK-BBERKSHIRE HATHAWAY INC CL B1.50%

Quick verdict

IVV fits better if you care most about more income today and faster dividend growth. SPLG fits better if you care most about stronger 5-year returns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is IVV or SPLG better for dividend income?
It depends on your goals. IVV currently yields 1.09% Trailing Twelve Months (TTM) while SPLG yields 0.76%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between IVV and SPLG?
iShares Core S&P 500 ETF (IVV) is an ETF listed on AMEX. State Street SPDR Portfolio S&P 500 ETF (SPLG) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, IVV or SPLG?
SPLG has the lower expense ratio. IVV charges 0.03% a year and SPLG charges 0.02%, a difference of $1 a year on a $10,000 investment.
Which has performed better, IVV or SPLG?
Over the last 5 years, SPLG has the higher total return with dividends reinvested: IVV returned 80.1% and SPLG returned 92.6%. Past performance does not predict future returns.
Which is riskier, IVV or SPLG?
Measured by the worst peak-to-trough decline over the last five years, IVV has been riskier: IVV fell as much as 24.5% and SPLG as much as 24.5%. Their betas are 1.00 and 1.00.
How much do IVV and SPLG overlap?
At least 66% of the two portfolios overlap by weight, across 86 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do IVV and SPLG pay dividends?
Both pay quarterly. The most recent payments were $2.2026 for IVV and $0.2392 for SPLG.
How much income does $10,000 in IVV vs SPLG generate?
At current TTM yields, $10,000 in IVV would generate roughly $9.06 per month ($109 annually). The same amount in SPLG would produce about $6.37 per month ($76 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IVV and SPLG?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare IVV vs SPLG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IVV and SPLG fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.