IVVvsSPY
Both track the S&P 500 on the ASX. The fee gap matters over time.
iShares S&P 500 ETF · SPDR S&P 500 ETF Trust
IVV costs 0.04% vs SPY's 0.09% - a 5bp gap on the same underlying exposure. On $10,000 invested that's ~$5/year in extra fees. With identical index tracking, fees are the only meaningful differentiator.
Score Breakdown
Fund Profiles
As one of the world's most recognised index funds, IVV tracks the S&P 500 Index and is managed by BlackRock's iShares, giving ASX investors access to America's 500 largest companies. Listed on the ASX in Australian dollars, the fund provides unhedged exposure, meaning returns are influenced by movements in the AUD/USD exchange rate alongside underlying equity performance. IVV serves as a core international holding for Australian investors comfortable with US dollar currency exposure and seeking broad, low-cost access to the world's deepest equity market.
State Street's SPDR manages SPY on the ASX, a locally listed version of the world's most famous ETF, tracking the S&P 500 Index of America's largest companies. While the US-listed SPY is the largest ETF globally, its ASX counterpart carries considerably smaller assets under management, though it provides the same unhedged large-cap US equity exposure for Australian investors. Those who prefer State Street's trusted SPDR brand for their core US allocation - or want to complement existing Australian holdings with straightforward S&P 500 exposure - will find SPY a reliable option.