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IVV vs SPY: Performance & Backtest Comparison
IVV delivered the higher return - 8.50% CAGR vs 8.47% - over 2000-06-30 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| IVV | SPY | |
|---|---|---|
| Name | iShares Core S&P 500 ETF | State Street SPDR S&P 500 ETF Trust |
| CAGR | 8.50% | 8.47% |
| Total return | 740.21% | 733.04% |
| Volatility | 15.10% | 15.14% |
| Max drawdown | -50.78%Feb 2009 | -50.78%Feb 2009 |
| Sharpe | 0.50 | 0.49 |
| Sortino | 0.68 | 0.68 |
| Best year | 32.30% | 32.31% |
| Worst year | -37.01% | -36.79% |
| Final balance | $84,021 | $83,304 |
Correlation of monthly returns: 1.00. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, IVV or SPY?
Over 2000-06-30 to 2026-06-30, IVV performed better: 8.50% annualized versus 8.47% for SPY, with dividends reinvested. Past performance does not guarantee future results.
How similar are IVV and SPY?
Their monthly returns have a correlation of 1.00 over the common period. IVV is iShares Core S&P 500 ETF; SPY is State Street SPDR S&P 500 ETF Trust.
Which is riskier, IVV or SPY?
Over the common period IVV had 15.10% annualized volatility and a -50.78% max drawdown, versus 15.14% and -50.78% for SPY.