IVE alternatives and similar ETFs

IVE alternatives at a glance#

Each fund below can stand in for IVE, closest first. “Same index” funds hold the same stocks as IVE. “Same kind” funds hold the same kind of stocks through a different index. “Related” funds make a different bet that often moves the same way.

Fees come from each fund company, checked on the dates shown on each fund’s page.

How IVE and its alternatives did over the same dates#

Each row measures the alternative and IVE on the days both traded, so neither gets a head start. Correlation shows how closely their daily moves matched over about the last five years. A value of 1 means they always moved together.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

Each IVE alternative, compared#

SPYV: State Street SPDR Portfolio S&P 500 Value ETF#

SPYV tracks the same S&P 500 Value Index as IVE, so the two hold the same stocks. The main differences are the fee and the fund company.

It charges 0.04% a year, about $4 on $10,000, against $18 for IVE. It held 435 stocks, against 436 for IVE.

From October 2000 to October 2026, SPYV returned about 7.9% a year and IVE returned about 7.5% a year. Over about the last five years they moved almost exactly together (correlation 1.00).

Read the SPYV fund page for its returns by year and worst drop.

IWD: iShares Russell 1000 Value ETF#

IWD also holds large US companies that look cheap compared with their earnings and assets. It tracks the Russell 1000 Value Index, while IVE tracks the S&P 500 Value Index.

It charges 0.18% a year, about $18 on $10,000, against $18 for IVE. It held 870 stocks, against 436 for IVE.

From May 2000 to October 2026, IWD returned about 8.3% a year and IVE returned about 7.7% a year. Over about the last five years they moved almost exactly together (correlation 0.98).

Read the IWD fund page for its returns by year and worst drop.

VTV: Vanguard Morningstar Value ETF#

VTV also holds large US companies that look cheap compared with their earnings and assets. It tracks the Morningstar US Large Cap Value Index, while IVE tracks the S&P 500 Value Index.

It charges 0.03% a year, about $3 on $10,000, against $18 for IVE. It held 298 stocks, against 436 for IVE.

From January 2004 to October 2026, VTV returned about 9.7% a year and IVE returned about 8.9% a year. Over about the last five years they moved almost exactly together (correlation 0.96).

Read the VTV fund page for its returns by year and worst drop.

SCHV: Schwab U.S. Large-Cap Value ETF#

SCHV also holds large US companies that look cheap compared with their earnings and assets. It tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index, while IVE tracks the S&P 500 Value Index.

It charges 0.04% a year, about $4 on $10,000, against $18 for IVE. It held 555 stocks, against 436 for IVE.

From December 2009 to October 2026, SCHV returned about 11.5% a year and IVE returned about 11.7% a year. Over about the last five years they moved almost exactly together (correlation 0.96).

Read the SCHV fund page for its returns by year and worst drop.

VYM: Vanguard High Dividend Yield ETF#

VYM is a looser match. It holds US companies that pay high or steady dividends, while IVE holds large US companies that look cheap compared with their earnings and assets.

It charges 0.04% a year, about $4 on $10,000, against $18 for IVE. It held 593 stocks, against 436 for IVE.

From November 2006 to October 2026, VYM returned about 9.3% a year and IVE returned about 8.3% a year. Over about the last five years they moved almost exactly together (correlation 0.95).

Read the VYM fund page for its returns by year and worst drop.

SCHD: Schwab U.S. Dividend Equity ETF#

SCHD is a looser match. It holds US companies that pay high or steady dividends, while IVE holds large US companies that look cheap compared with their earnings and assets.

It charges 0.06% a year, about $6 on $10,000, against $18 for IVE. It held 98 stocks, against 436 for IVE.

From October 2011 to October 2026, SCHD returned about 13.5% a year and IVE returned about 12.5% a year. Over about the last five years they moved together on most days (correlation 0.92).

Read the SCHD fund page for its returns by year and worst drop.

SPYD: State Street SPDR Portfolio S&P 500 High Dividend ETF#

SPYD is a looser match. It holds US companies that pay high or steady dividends, while IVE holds large US companies that look cheap compared with their earnings and assets.

It charges 0.07% a year, about $7 on $10,000, against $18 for IVE. It held 78 stocks, against 436 for IVE.

From October 2015 to October 2026, SPYD returned about 8.9% a year and IVE returned about 11.5% a year. Over about the last five years they moved together on most days (correlation 0.88).

Read the SPYD fund page for its returns by year and worst drop.

HDV: iShares Core High Dividend ETF#

HDV is a looser match. It holds US companies that pay high or steady dividends, while IVE holds large US companies that look cheap compared with their earnings and assets.

It charges 0.08% a year, about $8 on $10,000, against $18 for IVE. It held 74 stocks, against 436 for IVE.

From March 2011 to October 2026, HDV returned about 11.0% a year and IVE returned about 11.2% a year. Over about the last five years they often moved together, but not always (correlation 0.80).

Read the HDV fund page for its returns by year and worst drop.

IVE versions from other fund companies#

Some people keep all their funds with one company. Here is the closest fund to IVE from each other company on this page:

• SPDR (State Street): SPYV, State Street SPDR Portfolio S&P 500 Value ETF (same index, 0.04% a year)
• Vanguard: VTV, Vanguard Morningstar Value ETF (same kind of fund, 0.03% a year)
• Schwab: SCHV, Schwab U.S. Large-Cap Value ETF (same kind of fund, 0.04% a year)

Most brokers let you buy any ETF, whoever runs it. Mutual fund versions, such as a fund company’s index mutual fund, are not listed here.

How to choose between IVE and its alternatives#

• What it tracks. A fund on the same index holds the same stocks. A different index can mean different weights, more or fewer holdings, or a different mix.
• The fee. The difference is often small. On $10,000, IVE costs about $18 a year. VTV costs about $3.
• History. An older fund has been through more bad markets, so you can see how far it fell.
• What you already own. Two funds that move together add little variety. A fund with a low correlation behaves more on its own.

Swapping IVE to harvest a tax loss#

Some investors sell a fund at a loss to lower their taxes, then buy a similar fund so they stay invested. This is called tax-loss harvesting.

The IRS wash sale rule blocks the loss if you buy a “substantially identical” security within 30 days before or after the sale. The IRS has not said exactly when two funds count. Funds on the same index are more likely to. Funds on a different index, such as IWD, VTV or SCHV, are less likely to.

Ask a tax professional before you rely on this. Read the IRS rules in Publication 550.

Test IVE and its alternatives in a backtest#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add IVE and SPYV, and see how each would have done on the same dates, or how a mix of both would have done.

The details#

Alternatives are picked from facts, not from returns. First come funds that track the same index as IVE. Then come funds that hold the same kind of stocks through another index. Last come funds from a close category that make a different bet. Leveraged funds are only listed as alternatives to other leveraged funds.

Within each group, the funds whose daily returns moved most like IVE over about the last five years come first. Returns and worst drops use Tactfolio’s stored daily prices, adjusted for splits, with dividends reinvested. Each alternative is measured with IVE only on days both traded. Read what a backtest simulates for more on these measures.