# IVE alternatives: 8 similar ETFs compared

> ETFs similar to IVE, closest first, with each fund's fee, what it tracks, and returns and worst drops on the same dates as IVE. Updated daily.

The ETFs most like IVE are SPYV, IWD and VTV. SPYV tracks the same index as IVE, so it holds the same stocks. VTV costs less: 0.03% a year against 0.18%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- 8 funds can stand in for IVE: 1 on the same index, 3 of the same kind and 4 related funds.
- IVE charges 0.18% a year (about $18 on $10,000). The cheapest alternative here, VTV, charges 0.03%.
- SPYV moved most like IVE: a daily correlation of 1.00 over about the last five years.
- Returns and drops for each pair use the same dates for both funds.

## 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.

| ETF | How close | Yearly fee | Fee on $10,000 | Tracks |
| --- | --- | --- | --- | --- |
| **IVE** | This fund | 0.18% | $18 | S&P 500 Value Index |
| [SPYV](https://tactfolio.com/etf/spyv.md) | Same index | 0.04% | $4 | S&P 500 Value Index |
| [IWD](https://tactfolio.com/etf/iwd.md) | Same kind of fund | 0.18% | $18 | Russell 1000 Value Index |
| [VTV](https://tactfolio.com/etf/vtv.md) | Same kind of fund | 0.03% | $3 | Morningstar US Large Cap Value Index |
| [SCHV](https://tactfolio.com/etf/schv.md) | Same kind of fund | 0.04% | $4 | Dow Jones U.S. Large-Cap Value Total Stock Market Index |
| [VYM](https://tactfolio.com/etf/vym.md) | Related fund | 0.04% | $4 | FTSE High Dividend Yield Index |
| [SCHD](https://tactfolio.com/etf/schd.md) | Related fund | 0.06% | $6 | Dow Jones U.S. Dividend 100 Index |
| [SPYD](https://tactfolio.com/etf/spyd.md) | Related fund | 0.07% | $7 | S&P 500 High Dividend Index |
| [HDV](https://tactfolio.com/etf/hdv.md) | Related fund | 0.08% | $8 | Morningstar Dividend Yield Focus Index |

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.

| ETF | Moves with IVE | Per year | IVE per year | Worst drop | IVE worst drop | Since |
| --- | --- | --- | --- | --- | --- | --- |
| [SPYV](https://tactfolio.com/etf/spyv.md) | 1.00 | 7.9% | 7.5% | −58.5% | −61.3% | October 2000 |
| [IWD](https://tactfolio.com/etf/iwd.md) | 0.98 | 8.3% | 7.7% | −60.1% | −61.3% | May 2000 |
| [VTV](https://tactfolio.com/etf/vtv.md) | 0.96 | 9.7% | 8.9% | −59.3% | −61.3% | January 2004 |
| [SCHV](https://tactfolio.com/etf/schv.md) | 0.96 | 11.5% | 11.7% | −37.1% | −37.0% | December 2009 |
| [VYM](https://tactfolio.com/etf/vym.md) | 0.95 | 9.3% | 8.3% | −57.0% | −61.3% | November 2006 |
| [SCHD](https://tactfolio.com/etf/schd.md) | 0.92 | 13.5% | 12.5% | −33.4% | −37.0% | October 2011 |
| [SPYD](https://tactfolio.com/etf/spyd.md) | 0.88 | 8.9% | 11.5% | −46.4% | −37.0% | October 2015 |
| [HDV](https://tactfolio.com/etf/hdv.md) | 0.80 | 11.0% | 11.2% | −37.0% | −37.0% | March 2011 |

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](https://tactfolio.com/etf/spyv.md) 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](https://tactfolio.com/etf/iwd.md) 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](https://tactfolio.com/etf/vtv.md) 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](https://tactfolio.com/etf/schv.md) 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](https://tactfolio.com/etf/vym.md) 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](https://tactfolio.com/etf/schd.md) 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](https://tactfolio.com/etf/spyd.md) 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](https://tactfolio.com/etf/hdv.md) 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](https://tactfolio.com/etf/spyv.md), State Street SPDR Portfolio S&P 500 Value ETF (same index, 0.04% a year)
- **Vanguard:** [VTV](https://tactfolio.com/etf/vtv.md), Vanguard Morningstar Value ETF (same kind of fund, 0.03% a year)
- **Schwab:** [SCHV](https://tactfolio.com/etf/schv.md), 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](https://www.irs.gov/publications/p550).

## 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](https://tactfolio.com/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](https://tactfolio.com/docs/backtests.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What ETF is most similar to IVE?

SPYV is the closest. 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. Over about the last five years they moved almost exactly together.

### Is there a cheaper alternative to IVE?

Yes. VTV charges 0.03% a year, SPYV charges 0.04% a year and SCHV charges 0.04% a year, against 0.18% for IVE. On $10,000 that is about $3 a year instead of $18.

### Is IVE or SPYV better?

Neither is better for everyone. From October 2000 to October 2026, IVE returned about 7.5% a year and SPYV returned about 7.9% a year. IVE charges 0.18% a year and SPYV charges 0.04%. Past returns do not tell you what comes next.

### What if I had put $10,000 in IVE 10 years ago?

It would have grown to about $31,114 by October 16, 2026, with dividends reinvested. That is about 12.0% a year. Past returns do not tell you what comes next.

## Sources

- [iShares (BlackRock): iShares S&P 500 Value ETF fund page](https://www.ishares.com/us/products/239728/ishares-s-p-500-value-etf)
- [SPDR (State Street): State Street SPDR Portfolio S&P 500 Value ETF fund page](https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-portfolio-sp-500-value-etf-spyv)
- [iShares (BlackRock): iShares Russell 1000 Value ETF fund page](https://www.ishares.com/us/products/239708/ishares-russell-1000-value-etf)
- [Vanguard: Vanguard Morningstar Value ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vtv)
- [Schwab: Schwab U.S. Large-Cap Value ETF fund page](https://www.sec.gov/Archives/edgar/data/1454889/000110465926020698/tm266454-4_497k.htm)
- [Vanguard: Vanguard High Dividend Yield ETF fund page](https://investor.vanguard.com/investment-products/etfs/profile/vym)
- [Schwab: Schwab U.S. Dividend Equity ETF fund page](https://www.sec.gov/Archives/edgar/data/1454889/000110465926020681/tm266454-15_497k.htm)
- [SPDR (State Street): State Street SPDR Portfolio S&P 500 High Dividend ETF fund page](https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-portfolio-sp-500-high-dividend-etf-spyd)
- [iShares (BlackRock): iShares Core High Dividend ETF fund page](https://www.ishares.com/us/products/239563/ishares-core-high-dividend-etf)
- [IRS Publication 550: wash sales](https://www.irs.gov/publications/p550)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.