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IVSSvsSPSMETF Comparison

ETF 1
IVSS

Applied Finance IVS US SMID ETF

This fund is part of
US Multi-Factor
-0.38%
VS
ETF 2
SPSM

State Street SPDR Portfolio S&P 600 Small Cap ETF

This fund is part of
US Small Cap
-0.4%

Applied Finance IVS US SMID ETF (IVSS) belongs to the US Multi-Factor segment. State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is part of the US Small Cap segment. IVSS's top 3 sector exposures are Information Technology, Industrials and Financials. In contrast, SPSM's top sector exposures are Industrials, Financials and Information Technology. IVSS is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.03% for SPSM. IVSS is up 11.23% year-to-date (YTD) with +$16M in YTD flows. SPSM performs better with 13.1% YTD performance, and +$416M in YTD flows. Run a side-by-side ETF comparison of IVSS and SPSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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IVSS vs SPSM performance and flow charts

Performance

0510%Mar 24Mar 31Apr 8Apr 15Apr 22

Cumulative Flows

-60 M-40 M-20 M0 M20 MMar 24Mar 31Apr 8Apr 15Apr 22

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 04/24/2026
1M3MYTD1Y3Y5Y
Perf.
IVSS
SPSM
+7.51%+12.30%
+4.76%+7.00%
+11.23%+13.10%
n/a+37.31%
n/a+51.60%
n/a+31.57%
Flows
IVSS
SPSM
+$6M+$6M
+$10M+$142M
+$16M+$416M
-+$947M
-+$6.00B
-+$8.01B
Volatility and drawdown
3M1Y3Y5Y
Volatility
IVSS
SPSM
+16.83%+17.93%
n/a+18.13%
n/a+20.58%
n/a+21.54%
Max drawdown
IVSS
SPSM
-8.25%-8.68%
n/a-8.68%
n/a-27.91%
n/a-27.91%
Max drawdown duration
IVSS
SPSM
53d59d
n/a59d
n/a380d
n/a380d
Trading data

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IVSS
SPSM
Last sale
4/28/2026 at 7:14 PM
$27.96
$52.40
Previous close
04/28/2026
$28.13
$52.83
Consolidated volume
04/28/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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IVSS
is actively managed and doesn’t replicate an index

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IVSS
SPSM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 4/28/2026 at 7:14 PM
Live
Closed
IVSS
SPSM
Last price
$27.96
$52.40
1D performance
-0.60%
-0.81%
AuM$23.12 M$15.17 B
E/R0.59%0.03%
Characteristics
IVSS
SPSM
Management strategyActivePassive
ProviderApplied FinanceState Street Investment Management
Benchmark-S&P SmallCap 600 Index
N° of holdings317559
Asset class-Equities
Trailing 12m distribution yield
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Inception dateDecember 3, 2025July 8, 2013
ESGNoNo
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Exposure

Countries

IVSS
USA
73.22%
Other
26.78%
SPSM
USA
95.92%
Other
4.08%

Sectors

IVSS
Information Techn.
13.97%
Industrials
11.71%
Financials
11.56%
Consumer Discreti.
11.29%
Health Care
10.74%
Energy
10.62%
Other
30.11%
SPSM
Industrials
16.29%
Financials
15.89%
Information Techn.
13.19%
Consumer Discreti.
13.16%
Health Care
10.13%
Other
31.34%

Diversification

IVSS

Total weight of top 15 holdings out of 15

19.76%
SPSM

Total weight of top 15 holdings out of 15

7.33%

Top 15 holdings

Data as of March 31, 2026
IVSS
RYMAN HOSPITALITY PROPERTIES
2.08%
ENSIGN GROUP
1.96%
INTERDIGITAL
1.54%
SOUTHWEST GAS
1.51%
FABRINET
1.45%
OPTION CARE HEALTH INC
1.32%
LANTHEUS HOLDINGS
1.30%
MAXIMUS
1.17%
VALARIS LTD
1.16%
JACKSON FINANCIAL INC
1.16%
PJT PARTNERS
1.14%
LIBERTY OILFIELD SERVICES
1.03%
STRIDE INC
0.99%
INTERNATIONAL SEAWAYS
0.98%
PRESTIGE CONSUMER HEALTHCARE
0.97%
SPSM
EASTMAN CHEMICAL
0.57%
ELEMENT SOLUTIONS INC
0.51%
PRIMORIS SERVICES
0.51%
VIAVI SOLUTIONS INC
0.50%
ARGAN
0.49%
FORMFACTOR
0.49%
LKQ
0.49%
JACKSON FINANCIAL INC
0.49%
ESCO TECHNOLOGIES
0.48%
MATCH GROUP
0.47%
CELANESE SR
0.47%
SEMTECH
0.47%
ARMSTRONG WORLD INDUSTRIES
0.46%
SANMINA CORP
0.46%
SM ENERGY
0.46%
Frequently asked questions about IVSS and SPSM

How have the IVSS and SPSM ETFs performed in 2026?

As of April 24, 2026, IVSS is up 11.23% year-to-date (YTD), while SPSM has returned 13.1%. That puts SPSM better performer ahead so far this year.

Which ETF is attracting more investor money: IVSS or SPSM?

Year-to-date, the IVSS ETF saw +$16M in flows, compared to +$416M for SPSM.

Which ETF is bigger: IVSS or SPSM?

As of April 24, 2026, IVSS holds $23.12 M in assets under management (AUM), while SPSM manages $15.17 B.

What sectors do the IVSS and SPSM ETFs invest in?

IVSS leans toward sectors like Information Technology, Industrials and Financials. Meanwhile, SPSM focuses on Industrials, Financials and Information Technology.

What are the top holdings of the IVSS ETF and SPSM ETF?

IVSS top holdings include RYMAN HOSPITALITY PROPERTIES, ENSIGN GROUP and INTERDIGITAL. SPSM holds in its top three: EASTMAN CHEMICAL, ELEMENT SOLUTIONS INC and PRIMORIS SERVICES.

Which ETF is more diversified: IVSS or SPSM?

IVSS holds 320 securities with 19.76% of its assets in the top 15. SPSM has 601 securities and a top 15 weight of 7.33%.

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