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IVV vs. SPLG

iShares Core S&P 500 ETF

IVV
$--
vs

SPDR Portfolio S&P 500 ETF

SPLG
$--

Correlation

1.00
IVViShares Core S&P 500 ETF
SPLGSPDR Portfolio S&P 500 ETF

What is IVV?

The iShares S&P 500 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of U.S. large-cap stocks as represented by the Standard & Poors 500 Index.

Snapshot
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IVV iShares Core S&P 500 ETF
SPLG SPDR Portfolio S&P 500 ETF
Inception date
May 15 2000
Nov 08 2005
Expense ratio
0.03%
0.02%
IVV has a higher expense ratio than SPLG by 0.00%. This can indicate that it’s more expensive to invest in IVV than SPLG.
Type
US Equities
US Equities
IVV targets investing in US Equities, while SPLG targets investing in US Equities.
Fund owner
Blackrock (iShares)
State Street (SPDR)
IVV is managed by Blackrock (iShares), while SPLG is managed by State Street (SPDR).
Volume (1m avg. daily)
$1,773,176,007
$153,285,985
Both IVV and SPLG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$342,279,931,285
$19,439,639,569
IVV has more assets under management than SPLG by $322,840,291,716. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
S&P 500 Index
IVV is based off of the S&P 500 Index, while SPLG is based off of the S&P 500 Index
Inverse/Leveraged
No
No
IVV and SPLG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
IVV and SPLG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
IVV and SPLG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither IVV nor SPLG require a K1.
IVV and SPLG’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toIVV

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toSPLG

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.