IUSV vs. SPYV

Last updated Jun 24, 2026

IUSV (iShares Core S&P U.S. Value ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - IUSV is a Large Cap Value Equities fund tracking the S&P 900 Value Index, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, IUSV returned 12.30%/yr vs 12.11%/yr for SPYV. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.04% expense ratio.

Performance

IUSV vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P U.S. Value ETF (IUSV) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IUSV having a 7.71% return and SPYV slightly lower at 7.47%. Both investments have delivered pretty close results over the past 10 years, with IUSV having a 12.30% annualized return and SPYV not far behind at 12.11%.

IUSV

• 1D: -0.36%
• 1M: -0.29%
• YTD: 7.71%
• 6M: 7.04%
• 1Y: 20.11%
• 3Y*: 15.13%
• 5Y*: 11.05%
• 10Y*: 12.30%

SPYV

• 1D: -0.28%
• 1M: -0.41%
• YTD: 7.47%
• 6M: 6.91%
• 1Y: 20.05%
• 3Y*: 15.17%
• 5Y*: 11.21%
• 10Y*: 12.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSV vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUSV iShares Core S&P U.S. Value ETF	7.71%	12.85%	12.18%	21.73%	-5.40%	25.22%	1.56%	31.47%	-9.21%	15.09%
SPYV SPDR Portfolio S&P 500 Value ETF	7.47%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%

Correlation

The correlation between IUSV and SPYV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000	0.91

The correlation between IUSV and SPYV has been stable across timeframes, ranging from 0.91 to 1.00 - a consistent structural relationship.

IUSV vs. SPYV - Sectors Allocation Comparison

Sectors	IUSV	SPYV
Technology	21.7%	22.4%
Financial Services	14.9%	14.5%
Consumer Cyclical	11.2%	11.1%
Healthcare	11.1%	11.5%
Industrials	10.9%	10.5%
Consumer Defensive	8.7%	8.9%
Energy	7.0%	7.0%
Utilities	4.3%	4.3%
Real Estate	3.7%	3.4%
Basic Materials	3.5%	3.3%
Communication Services	3.0%	3.2%

Return for Risk

IUSV vs. SPYV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUSV

IUSV Risk / Return Rank: 65
IUSV Sharpe Ratio Rank: 63
IUSV Sortino Ratio Rank: 63
IUSV Omega Ratio Rank: 61
IUSV Calmar Ratio Rank: 67
IUSV Martin Ratio Rank: 68

SPYV

SPYV Risk / Return Rank: 65
SPYV Sharpe Ratio Rank: 64
SPYV Sortino Ratio Rank: 64
SPYV Omega Ratio Rank: 62
SPYV Calmar Ratio Rank: 67
SPYV Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUSV vs. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Value ETF (IUSV) and SPDR Portfolio S&P 500 Value ETF (SPYV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IUSV	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.02	-0.02
Sortino ratio: Return per unit of downside risk	2.80	2.84	-0.03
Omega ratio: Gain probability vs. loss probability	1.36	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	3.18	3.24	-0.06
Martin ratio: Return relative to average drawdown	12.08	12.32	-0.24

IUSV vs. SPYV - Sharpe Ratio Comparison

The current IUSV Sharpe Ratio is 2.00, which is comparable to the SPYV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of IUSV and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IUSV vs. SPYV - Drawdown Comparison

The maximum IUSV drawdown since its inception was -56.88%, roughly equal to the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for IUSV and SPYV.

Drawdown Indicators

	IUSV	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-56.88%	-58.45%	+1.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.36%	-6.22%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-17.54%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-17.95%	-17.89%	-0.06%
Max Drawdown (10Y) Largest decline over 10 years	-37.54%	-36.89%	-0.65%
Current Drawdown Current decline from peak	-1.31%	-1.24%	-0.07%
Average Drawdown Average peak-to-trough decline	-6.28%	-8.70%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.63%	+0.04%

Volatility

IUSV vs. SPYV - Volatility Comparison

iShares Core S&P U.S. Value ETF (IUSV) and SPDR Portfolio S&P 500 Value ETF (SPYV) have volatilities of 3.03% and 2.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUSV	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	2.90%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	7.33%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	9.97%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	14.38%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	16.93%	+0.11%

IUSV vs. SPYV - Expense Ratio Comparison

Both IUSV and SPYV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IUSV vs. SPYV - Dividend Comparison

IUSV's dividend yield for the trailing twelve months is around 1.70%, less than SPYV's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSV iShares Core S&P U.S. Value ETF	1.70%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%
SPYV SPDR Portfolio S&P 500 Value ETF	1.73%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both IUSV and SPYV in my portfolio?

With a correlation of 0.99, IUSV and SPYV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IUSV or SPYV?

IUSV has higher volatility (3.03%) compared to SPYV (2.90%). In terms of maximum drawdown, IUSV dropped -56.88% vs SPYV's -58.45%.

Which ETF is better, IUSV or SPYV?

On 10-year performance, IUSV leads with 12.30% vs 12.11% for SPYV. Both ETFs have the same 0.04% expense ratio. On volatility, SPYV has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IUSV or SPYV?

Over the 10-year period, IUSV has performed better with a 12.30% return vs 12.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IUSV or SPYV?

IUSV and SPYV have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, IUSV or SPYV?

SPYV has the higher dividend yield at 1.73%, compared with 1.70% for IUSV.

What is the main difference between IUSV and SPYV?

IUSV is categorized as Large Cap Value Equities, while SPYV is S&P 500. IUSV tracks S&P 900 Value Index, while SPYV tracks S&P 500 Value Index. They also come from different issuers: iShares and State Street.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.02 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.