IVV vs SPY: S&P 500 ETF Fee & Overlap Breakdown
Compare IVV.AX (iShares S&P 500 ETF) vs SPY.AX (SPDR S&P 500 ETF Trust) ETF holding overlap, sector concentration, MER fee differences, and 5Y CAGR returns.
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Executive Quantitative Summary
Both IVV.AX and SPY.AX serve as institutional building blocks for Australian investors, displaying a 76% structural asset overlap. Investors prioritizing low cost may favor IVV.AX (0.04% MER), while those seeking broader index coverage may prefer SPY.AX (503 total holdings).
Side-by-Side Metric Specifications
| Metric / Spec | iShares S&P 500 ETF (IVV.AX) | SPDR S&P 500 ETF Trust (SPY.AX) |
|---|---|---|
| Issuer / Provider | BlackRock iShares | State Street Global Advisors |
| Benchmark Index | S&P 500 Index (AUD Hedged/Unhedged) | S&P 500 Index |
| Management Fee (MER) | 0.04% p.a. | 0.09% p.a. |
| Total Stock Holdings | 503 stocks | 503 stocks |
| Distribution Cadence | Quarterly | Quarterly |
| 5-Year Return (CAGR) | +14.85% | +14.78% |
Overlapping Stock Holdings Breakdown
| Stock Symbol | Company Name | IVV.AX Weight | SPY.AX Weight |
|---|---|---|---|
| MSFT | Microsoft Corp | 7.12% | 7.10% |
| AAPL | Apple Inc | 6.45% | 6.44% |
| NVDA | NVIDIA Corp | 6.18% | 6.16% |
| AMZN | Amazon.com Inc | 3.82% | 3.80% |
| META | Meta Platforms Inc | 2.45% | 2.44% |
| GOOGL | Alphabet Inc Class A | 2.05% | 2.04% |
| BRK.B | Berkshire Hathaway Inc | 1.72% | 1.71% |
| AVGO | Broadcom Inc | 1.68% | 1.67% |
Key Institutional Takeaways
- 1Management Expense Ratio (MER): iShares S&P 500 ETF costs 0.04% p.a. vs SPDR S&P 500 ETF Trust at 0.09% p.a. (a 0.05% annual cost differential).
- 2Index Standard: iShares S&P 500 ETF tracks the S&P 500 Index (AUD Hedged/Unhedged) (503 stocks) whereas SPDR S&P 500 ETF Trust tracks the S&P 500 Index (503 stocks).
- 3Distribution Cadence: iShares S&P 500 ETF pays quarterly distributions compared to SPDR S&P 500 ETF Trust's quarterly payout cycle.
- 4Historical Performance: 5-Year CAGR stands at 14.85% for IVV.AX vs 14.78% for SPY.AX.
Optimize Your Personal Portfolio Overlap
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