SPY vs IVV: Dividend Yield, Total Return & Fees Compared
SPDR S&P 500 ETF TrustiShares Core S&P 500 ETF
Data as of the close · refreshed automatically every trading day
SPY vs IVV at a glance
SPDR S&P 500 ETF Trust (SPY) and iShares Core S&P 500 ETF (IVV) are compared below using data through the September 25, 2026 close, refreshed after every trading day.
Over the past year, IVV returned +18.56% with dividends reinvested, compared with +18.48% for SPY. IVV currently yields 1.08% (trailing 12-month) against 0.98% for SPY. Across five years the total-return gap is +86.38% for IVV vs +85.81% for SPY.
IVV leads on both current yield and 1-year total return. Yields and returns move with markets, so check the longer periods below before drawing conclusions.
| Metric | SPY | IVV |
|---|---|---|
| Last close | $771.35 | $774.83 |
| Dividend yield | 0.98% (TTM) | 1.08% (TTM) |
| Expense ratio | 0.09% | — |
| Pays | quarterly | quarterly |
| Dividends, last 12 months | $7.58 (4 payments) | $8.40 (4 payments) |
| Issuer | SPDR | iShares |
| Inception | Jan 23, 1993 | — |
Performance: SPY vs IVV
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Sep 25, 2025 – Sep 25, 2026
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Recent dividend payments
The latest 12 distributions per share for each fund, newest first.
| SPY | IVV | ||
|---|---|---|---|
| Sep 18, 2026 | $1.89 | Sep 15, 2026 | $2.20 |
| Jun 18, 2026 | $1.90 | Jun 15, 2026 | $2.00 |
| Mar 20, 2026 | $1.80 | Mar 17, 2026 | $1.78 |
| Dec 19, 2025 | $1.99 | Dec 16, 2025 | $2.41 |
| Sep 19, 2025 | $1.83 | Sep 16, 2025 | $2.00 |
| Jun 20, 2025 | $1.76 | Jun 16, 2025 | $1.87 |
| Mar 21, 2025 | $1.70 | Mar 18, 2025 | $1.77 |
| Dec 20, 2024 | $1.97 | Dec 17, 2024 | $2.13 |
| Sep 20, 2024 | $1.75 | Sep 25, 2024 | $2.24 |
| Jun 21, 2024 | $1.76 | Jun 11, 2024 | $1.61 |
| Mar 15, 2024 | $1.60 | Mar 21, 2024 | $1.67 |
| Dec 15, 2023 | $1.91 | Dec 20, 2023 | $1.93 |
SPY vs IVV: common questions
Which pays a higher dividend, SPY or IVV?
As of September 25, 2026, SPY yields 0.98% (trailing 12-month) and IVV yields 1.08% (trailing 12-month), so IVV currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, SPY or IVV?
Over the past year with dividends reinvested, SPY returned +18.48% and IVV returned +18.56%. Over five years, SPY returned +85.81% and IVV returned +86.38%. Past performance does not predict future results.
What would $10,000 in SPY vs IVV be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $11,848 in SPY and $11,856 in IVV.
How often do SPY and IVV pay dividends?
SPY pays quarterly (4 payments in the last 12 months) and IVV pays quarterly (4 payments).
Is SPY or IVV the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Related comparisons
More side-by-side comparisons with SPY and IVV.
Figures come from end-of-day prices and distributions and are recalculated after every trading session; see our methodology. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.