IVV Fund Description

The iShares Core S&P 500 ETF tracks a market-cap-weighted index of US large- and midcap stocks selected by the S&P Committee.

IVV ETF.com Insight

IVV, one of three ETFs that track the S&P 500—splits the middle between its competitors on low all-in costs. Despite the common perception that the S&P 500 provides puresplits the middle between its competitors on low all-in costs market-cap-weighted exposure to the US economy, its committee can exercise discretion to exclude companies. Still, its exclusions only make up about 2% of the large-cap universe. IVV tilts slightly smaller than our benchmark, thanks to a modest allocation to midcaps, but charges one of the lowest expense ratios in the segment for a comprehensive portfolio. It is also extremely liquid, with enough on-screen volume for traders of all sizes to enter and exit the fund effortlessly. (Insight updated 07/10/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

IVV
1.10% 6.01% 9.12% 23.71% 23.61% 16.55% 6.01%

IVV (NAV)
1.15% 6.04% 9.18% 23.74% 23.65% 16.56% 6.04%

S&P 500
1.15% 6.06% 9.22% 23.81% 23.74% 16.65% 6.06%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IVV Top 10 Countries

IVV Top 10 Sectors

IVV Top 10 Holdings View All

IVV Summary Data

BlackRock

A company that produces and manages ETFs.

05/15/00

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.07%

The net total annual fee a fund holder pays to the issuer.

$60.73 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$715.02 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

IVV Portfolio Data

$124.05 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

18.63

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.69

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.76%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

09/24/14

The date on which a security's price excludes an upcoming dividend.

500

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

IVV Index Data

S&P 500

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Committee

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI USA Large Cap

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to IVV

SPY, VOO, IWL, MGC, SCHX

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

IVV ETF.com Efficiency Insight

IVV delivers exposure to the S&P 500 very efficiently, thanks to its 7 bp expense ratio (lowered from 9 bps in October 2012). Over the past 2 years, it has tended to track its index closely and consistently. It has successfully avoided capital gains payouts, and has built up a significant arsenal of undistributed capital losses. It is a large, successful and well-run fund. (Insight updated 07/10/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

IVV
1.10% 6.01% 9.12% 23.71% 23.61% 16.55% 6.01%

IVV (NAV)
1.15% 6.04% 9.18% 23.74% 23.65% 16.56% 6.04%

S&P 500
1.15% 6.06% 9.22% 23.81% 23.74% 16.65% 6.06%

MSCI USA Large Cap
1.08% 5.88% 8.76% 23.35% 22.74% 15.54% 5.88%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IVV Portfolio Management

0.07%

The net annual fee a fund holder pays to the issuer.

-0.07%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.06%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.08%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

IVV Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

IVV Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

70% / 30%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

IVV ETF.com Tradability Insight

IVV is one of the most liquid ETFs around. It trades with minimal bid/ask spreads—on average, only 1 bp—and tends to trade very close to fair value. It has perfect block liquidity and extremely low creation costs. Investors should have no trouble getting in or out of IVV at a moment's notice. (Insight updated 07/10/2014)

Average Spread

Premium/Discount

Volume

IVV ETF.com/ Block LiquidityAs of 08/22/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of IVV. IVV is rated a 5 out of 5.

IVV Tradability

3,623,382

It is the daily number of shares traded, averaged over the past 45 trading days.

$715.02 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

2,795,723

Median number of shares traded over the past 45 trading days.

$558.9 M

Median dollar value of shares traded over the past 45 trading days.

0.01%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.01%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.10% / -0.15%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

55.91

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.01%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.01%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

11,510

The total number of net outstanding options contracts for an ETF.

$200.82

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

IVV ETF.com Fit Insight

IVV provides comprehensive exposure to the US large-cap space. Like all S&P 500 funds, IVV includes more midcaps than our benchmark, making it slightly less concentrated at the top. It tilts slightly smaller than our benchmark and excludes several of our benchmark's large-cap securities, due to the S&P Committee's discretion. Yet its sector exposures are similar, with no significant weighting differences. (Insight updated 07/10/2014)

IVV Sector/Industry BreakdownView All

IVV Segment Benchmark
18.35% 17.45%
15.89% 16.22%
12.18% 12.85%
12.39% 12.72%
12.51% 12.11%
11.10% 10.54%
10.03% 9.77%
2.53% 3.08%
2.03% 2.62%

IVV Geographic Exposure

IVV Segment Benchmark
99.92% 99.83%
-- 0.10%
0.08% 0.07%

IVV Segment Benchmark
99.92% 99.83%
-- 0.10%
0.08% 0.07%
100.00% / 0% 100.00% / 0%

IVV Performance Statistics

1.00

The degree to which the fund and its segment benchmark move up and down in unison.

1.01

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.01

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.02

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.03%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI USA Large Cap

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

IVV Benchmark Comparison

IVV
500 Holdings
Segment Benchmark
280 Constituents
Shared Holdings
263 (Count)
 
85.75% (Weight)
IVVSegment Benchmark
$139.92 B$124.05 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

99%91%
1%9%
0%0%
0%0%
18.6518.63

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.732.69

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.99%1.93%

The weighted average of the current yield on the portfolio’s holdings.

280500

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowLow

The level of return contribution attributable to the average portfolio constituent.