IVW vs. SPYG
Compare and contrast key facts about iShares S&P 500 Growth ETF (IVW) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
IVW and SPYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVW is a passively managed fund by iShares that tracks the performance of the S&P 500/Citigroup Growth Index. It was launched on May 22, 2000. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both IVW and SPYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVW or SPYG.
Key characteristics
| IVW | SPYG | |
|---|---|---|
| YTD Return | 11.12% | 11.22% |
| 1Y Return | 32.82% | 33.07% |
| 3Y Return (Ann) | 7.66% | 7.83% |
| 5Y Return (Ann) | 14.40% | 14.57% |
| 10Y Return (Ann) | 14.25% | 14.33% |
| Sharpe Ratio | 2.28 | 2.30 |
| Daily Std Dev | 14.02% | 13.98% |
| Max Drawdown | -57.35% | -67.79% |
| Current Drawdown | -2.08% | -2.01% |
Correlation
The correlation between IVW and SPYG is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IVW vs. SPYG - Performance Comparison
The year-to-date returns for both investments are quite close, with IVW having a 11.12% return and SPYG slightly higher at 11.22%. Both investments have delivered pretty close results over the past 10 years, with IVW having a 14.25% annualized return and SPYG not far ahead at 14.33%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IVW vs. SPYG - Expense Ratio Comparison
IVW has a 0.18% expense ratio, which is higher than SPYG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IVW vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
Dividends
IVW vs. SPYG - Dividend Comparison
IVW's dividend yield for the trailing twelve months is around 0.80%, less than SPYG's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVW iShares S&P 500 Growth ETF | 0.80% | 1.03% | 0.89% | 0.46% | 0.82% | 1.62% | 1.27% | 1.30% | 1.51% | 1.51% | 1.36% | 1.44% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.94% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
IVW vs. SPYG - Drawdown Comparison
The maximum IVW drawdown since its inception was -57.35%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for IVW and SPYG. For additional features, visit the drawdowns tool.
Volatility
IVW vs. SPYG - Volatility Comparison
iShares S&P 500 Growth ETF (IVW) and SPDR Portfolio S&P 500 Growth ETF (SPYG) have volatilities of 5.86% and 5.89%, 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.