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The iShares Core S&P 500 ETF (IVV) is an exchange-traded fund that seeks to track the performance of the S&P 500 Index, which is composed of the 500 largest publicly traded companies in the United States. The ETF is managed by BlackRock (iShares) and trades under the ticker IVV on NASDAQ.
Classified as an international equity ETF, IVV aims to reflect, before fees and expenses, the performance of the stocks that make up the S&P 500. To achieve this objective, the fund employs a passive management strategy, maintaining a portfolio that seeks to replicate the composition and weighting of the benchmark index.
The S&P 500 is weighted by float-adjusted market capitalization, which gives greater weight to larger companies and ensures broader representation of the U.S. economy.
The index undergoes periodic reviews, including additions, removals, and rebalancing of its constituents, a process that is followed by the ETF. This methodology seeks to maintain sector representativeness and reflect the dynamics of the largest publicly traded U.S. companies.
Diversification and sector exposure
Information technology.
Health care.
Consumer discretionary and consumer staples.
Financials.
Industrials.
Energy.
This composition reflects, in a balanced manner, the economic structure of the United States.
Structure and costs
Shares of IVV are traded on the secondary market, while creation and redemption of shares are carried out by authorized participants, a mechanism that helps keep the ETF’s market price close to its net asset value (NAV).
The fund features a low and competitive expense ratio, a common characteristic of passively managed ETFs, and does not charge a performance fee. IVV has a single share class and trades exclusively under the ticker IVV.
History and evolution of the ETF
Over the years, IVV has followed the growing adoption of passive investment strategies, maintaining a consistent focus on efficiently replicating the S&P 500. The ETF has undergone operational improvements and regulatory adaptations, without changes to its investment policy.
Between 2020 and 2024, IVV reflected the main movements of the U.S. stock market amid a backdrop of significant events such as the COVID-19 pandemic, shifts in monetary policy, and technological advances, while maintaining high liquidity and widespread use by institutional and individual investors.
