SPYV alternatives and similar ETFs

The ETFs most like SPYV are IVE, IWD and VTV. IVE tracks the same index as SPYV, so it holds the same stocks. VTV costs less: 0.03% a year against 0.04%.

Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.

Yearly fee
0.04%
about $4 on $10,000
Return per year
7.9%
since October 2000
Worst drop
−58.5%
since 2000
Started trading
Sep 2000
SPDR (State Street)

Key points

  • 8 funds can stand in for SPYV: 1 on the same index, 3 of the same kind and 4 related funds.
  • SPYV charges 0.04% a year (about $4 on $10,000). The cheapest alternative here, VTV, charges 0.03%.
  • IVE moved most like SPYV: 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.

SPYV alternatives at a glance#

Each fund below can stand in for SPYV, closest first. “Same index” funds hold the same stocks as SPYV. “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.

ETFHow closeYearly feeFee on $10,000Tracks
SPYVThis fund0.04%$4S&P 500 Value Index
IVESame index0.18%$18S&P 500 Value Index
IWDSame kind of fund0.18%$18Russell 1000 Value Index
VTVSame kind of fund0.03%$3Morningstar US Large Cap Value Index
SCHVSame kind of fund0.04%$4Dow Jones U.S. Large-Cap Value Total Stock Market Index
VYMRelated fund0.04%$4FTSE High Dividend Yield Index
SCHDRelated fund0.06%$6Dow Jones U.S. Dividend 100 Index
SPYDRelated fund0.07%$7S&P 500 High Dividend Index
HDVRelated fund0.08%$8Morningstar Dividend Yield Focus Index

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

How SPYV and its alternatives did over the same dates#

$10k$20k$50k20052008201120142017202020232026
SPYVIVEIWDVTVGrowth of $10,000, log scale, with dividends reinvested. Past results do not tell you what happens next.

Each row measures the alternative and SPYV 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.

ETFMoves with SPYVPer yearSPYV per yearWorst dropSPYV worst dropSince
IVE1.007.5%7.9%−61.3%−58.5%October 2000
IWD0.978.2%7.9%−60.1%−58.5%October 2000
VTV0.969.7%8.9%−59.3%−58.5%January 2004
SCHV0.9611.5%11.8%−37.1%−36.9%December 2009
VYM0.959.3%8.5%−57.0%−58.5%November 2006
SCHD0.9213.5%12.6%−33.4%−36.9%October 2011
SPYD0.888.9%11.7%−46.4%−36.9%October 2015
HDV0.8011.0%11.3%−37.0%−36.9%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 SPYV alternative, compared#

IVE: iShares S&P 500 Value ETF#

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

It charges 0.18% a year, about $18 on $10,000, against $4 for SPYV. It held 436 stocks, against 435 for SPYV.

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

Read the IVE 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 SPYV tracks the S&P 500 Value Index.

It charges 0.18% a year, about $18 on $10,000, against $4 for SPYV. It held 870 stocks, against 435 for SPYV.

From October 2000 to October 2026, IWD returned about 8.2% a year and SPYV returned about 7.9% a year. Over about the last five years they moved almost exactly together (correlation 0.97).

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 SPYV tracks the S&P 500 Value Index.

It charges 0.03% a year, about $3 on $10,000, against $4 for SPYV. It held 298 stocks, against 435 for SPYV.

From January 2004 to October 2026, VTV returned about 9.7% a year and SPYV 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 SPYV tracks the S&P 500 Value Index.

It charges 0.04% a year, about $4 on $10,000, against $4 for SPYV. It held 555 stocks, against 435 for SPYV.

From December 2009 to October 2026, SCHV returned about 11.5% a year and SPYV returned about 11.8% 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 SPYV 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 $4 for SPYV. It held 593 stocks, against 435 for SPYV.

From November 2006 to October 2026, VYM returned about 9.3% a year and SPYV returned about 8.5% 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 SPYV 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 $4 for SPYV. It held 98 stocks, against 435 for SPYV.

From October 2011 to October 2026, SCHD returned about 13.5% a year and SPYV returned about 12.6% 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 SPYV 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 $4 for SPYV. It held 78 stocks, against 435 for SPYV.

From October 2015 to October 2026, SPYD returned about 8.9% a year and SPYV returned about 11.7% 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 SPYV 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 $4 for SPYV. It held 74 stocks, against 435 for SPYV.

From March 2011 to October 2026, HDV returned about 11.0% a year and SPYV returned about 11.3% 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.

SPYV versions from other fund companies#

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

  • iShares (BlackRock): IVE, iShares S&P 500 Value ETF (same index, 0.18% 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 SPYV 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, SPYV costs about $4 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 SPYV 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 SPYV 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 SPYV and IVE, 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 SPYV. 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 SPYV 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 SPYV only on days both traded. Read what a backtest simulates for more on these measures.

Research and test it

Common questions#

What ETF is most similar to SPYV?#

IVE is the closest. IVE tracks the same S&P 500 Value Index as SPYV, 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 SPYV?#

Yes. VTV charges 0.03% a year, against 0.04% for SPYV. On $10,000 that is about $3 a year instead of $4.

Is SPYV or IVE better?#

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

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

It would have grown to about $31,477 by October 16, 2026, with dividends reinvested. That is about 12.2% a year. Past returns do not tell you what comes next.

Sources#