What does an expense ratio indicate in the context of IVW and SPYG?

The expense ratio reflects the annual management fee charged by an ETF. For IVW, it is 0.18%, while for SPYG it is 0.04%. This 0.14% difference means SPYG charges less for its services. Lower expenses can enhance net returns, making expense ratio a key consideration for long-term investors.

Are IVW and SPYG the same as mutual funds?

No, IVW and SPYG are exchange-traded funds, not mutual funds. They trade on stock exchanges like shares, offering intraday liquidity unlike mutual funds which settle at the end of the day. They hold baskets of stocks to track specific indices, such as large-cap growth companies.

Why do IVW and SPYG show similar top holdings?

IVW and SPYG are both classified as Large Growth ETFs and share a similar investment style focusing on large-capitalisation growth companies. This leads to nearly identical top-10 holdings, including NVDA, MSFT, AAPL, and GOOGL. Such overlap suggests they aim to provide comparable exposure to this specific segment of the market.

How does the 0.14% fee difference impact long-term investment returns?

Over time, even small fee differences can affect net returns. A 0.14% lower expense ratio, as seen when comparing IVW at 0.18% to SPYG at 0.04%, means SPYG retains slightly more of its returns after fees. Compounding this advantage over decades could lead to a noticeable difference in final account values.

What are the key differences in top holdings between IVW and SPYG?

IVW and SPYG have extremely similar top holdings. Both funds list NVDA, MSFT, and AAPL as their largest positions. IVW shows NVDA at 14.80% and MSFT at 10.09%, while SPYG lists NVDA at 14.78% and MSFT at 10.07%. These minor variances suggest nearly identical portfolio construction.

How do IVW and SPYG generate income for investors?

Both ETFs generate income through dividends from their underlying stocks. IVW has a dividend yield of 0.34%, whereas SPYG offers a higher yield of 0.47%. Distributions are typically paid quarterly. While modest, these yields provide some regular income alongside potential capital appreciation from the growth stocks held.

How do IVW and SPYG compare in terms of net assets?

Net assets reflect an ETF's size and liquidity. IVW has $77.2 billion in net assets, indicating greater scale. SPYG manages $55.0 billion. While both are substantial, IVW's larger asset base might appeal to institutional investors. However, this does not directly influence performance or expense ratios.

Which fund has a longer operational history?

Inception date helps assess an ETF's track record. IVW was launched in May 2000, slightly before SPYG's September 2000 start date. IVW's earlier inception provides a marginally longer history for tracking, though both funds share a similar operational timeline.

What are IVW and SPYG generally used for in investment strategies?

Both IVW and SPYG are designed to provide exposure to the large-cap growth segment of the U.S. stock market. Investors typically use such ETFs to seek capital appreciation through companies expected to grow earnings faster than the broader market. They serve as building blocks for growth-oriented portfolios rather than income-focused strategies.

What should investors consider beyond the basic comparison of IVW and SPYG?

While comparing fees, holdings, and yields is useful, investors should also consider broader market conditions and their personal financial goals. It is crucial to remember that past performance does not guarantee future results. This content is for educational purposes only and is not investment advice.

IVW vs SPYG

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare IVW and SPYG, two large growth ETFs from iShares and SPDR. This page examines their fees, holdings, dividends, and how each fund tracks its market. Explore how they differ in expense ratios and net assets. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

IVW

Metric

SPYG

0.18%

Expense Ratio

0.04%

0.34%

Dividend Yield

0.47%

$77.16B

Net Assets

$55.00B

155

Holdings

153

May 22, 2000

Inception Date

Sep 25, 2000

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Index Tracked

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Large Growth

Fund Category

Large Growth

SPYG costs about $14.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	IVW	SPYG
NVDANVIDIA Corporation	14.80%	14.78%
MSFTMicrosoft Corporation	10.09%	10.07%
AAPLApple Inc.	6.75%	6.74%
GOOGLAlphabet Inc.	5.64%	5.64%
AVGOBroadcom Inc.	4.68%	4.67%
GOOGAlphabet Inc.	4.50%	4.50%
METAMeta Platforms, Inc.	4.04%	4.03%
AMZNAmazon.com, Inc.	3.63%	3.63%
MUMicron Technology, Inc.	3.16%	3.15%
BRK.BBerkshire Hathaway Inc.	2.61%	2.61%

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Investment Analysis

IVW

Pros

iShares brand carries long-standing institutional reputation and extensive global ETF infrastructure.
The fund has a long operational history since May 2000, providing a substantial performance track record.
With net assets of $77.2 billion, it offers significant scale and liquidity for large transactions.

Considerations

Its expense ratio of 0.18% is notably higher than the comparable SPYG fund.
Dividend yield stands at 0.34%, which may be unattractive for income-focused investors.
Top holdings are heavily concentrated in a few technology stocks, increasing single-stock risk.

SPYG

Pros

The expense ratio of 0.04% is extremely low, enhancing net returns through reduced cost drag.
Net assets of $55.0 billion indicate a substantial fund size that supports good liquidity.
It maintains a similar long inception date of September 2000, offering a robust track record.

Considerations

Despite its size, the fund's dividend yield of 0.47% remains modest and may not satisfy all income needs.
SPDR's portfolio S&P 500 Growth ETF shares concentration in mega-cap technology stocks like other S&P 500 growth funds.
The fund's structure mirrors a large-cap growth index, meaning it may underperform in value-oriented market cycles.

About IVW and SPYG

IVW (IVW)

The iShares S&P 500 Growth ETF offers investors exposure to a curated selection of US large-cap companies that exhibit strong growth characteristics. Designed for those seeking capital appreciation, this fund focuses on businesses expected to achieve above-average revenue and earnings growth. With an inception date of May 22, 2000, it has a long history of tracking growth-oriented market segments. The fund holds approximately 155 assets, maintaining a relatively concentrated portfolio compared to broader market indices. Its expense ratio stands at 0.18%, providing a cost-effective way to access this specific factor. While it currently offers a modest dividend yield of 0.34%, the primary objective remains growth rather than income. Investors should note that while net assets are substantial at USD 77.16 billion, the value of these growth stocks can fluctuate significantly, and past performance does not guarantee future returns.

SPYG (SPYG)

The SPDR Portfolio S&P 500 Growth ETF offers investors a streamlined way to access large-cap companies within the S&P 500 index that exhibit growth characteristics. With an exceptionally low expense ratio of just 0.04%, this fund prioritises cost efficiency, making it an attractive option for long-term investors seeking broad exposure to growth-oriented sectors. Holding 153 stocks, it provides diversification across key growth leaders while maintaining a manageable portfolio size. Although its dividend yield of 0.47% is modest compared to income-focused funds, the primary aim here is capital appreciation driven by companies expected to outpace average market growth. As with any equity investment, values can rise and fall, and returns are not guaranteed. Investors should consider their own risk tolerance and investment objectives before allocating funds to this ETF, ensuring it aligns with their overall portfolio strategy.

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IVW vs SPYG

Fund Snapshot