Monday 17 April 2023

Compare S&P500 BlackRock ETF IVV vs CSPX

 


Both IVV and CSPX are passive S&P500 ETFs from BlackRock that seeks to track the performance of an index of 500 large cap USA companies. IVV is listed in the NYSE (USA), while CSPX is listed in LSE (UK). Both are in USD and have shown similarities in terms of portfolio performance and pricing.

Only slight differences are seen in terms of Net Assets, Dividends and Expense Ratio. 


IVV is more established (since 2000) with $308B net assets, quarterly distribution of dividends and a lower expense ratio of 0.03%


CSPX however is smaller, accumulating dividends and a slightly higher expense ratio of 0.07%



Personal Preferance: As a re-foray into USA markets after many years, I guess it pays to be more cautious. Would choose IVV instead, as it is more established/liquidity, pays quarterly dividend and offers a lower expense ratio (personally dislike paying fund managers 😂). The slight drawback would be in the USA domicile, which would require 30% tax vs 15% tax for Ireland. Guess my intial positions would be small, so there should not be much differences in dividend payouts.


Waiting for a good opportuntiy to enter into USA markets. Hopefully it would be profitable in the long run, as Singapore markets is small and kind of directionless.

As always, would welcome any comments or suggestions  😎

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