US stocks delivered another strong performance in FY25, with one of the most popular ASX exchange-traded funds (ETFs) benefiting.
The iShares Core S&P 500 AUD ETF (ASX: IVV) tracks the performance of the S&P 500 Index (SP: INX) before fees.
The IVV ETF rose 15.02% and delivered total returns (including dividends) of 15.13%, according to iShares ETF provider BlackRock.
According to the S&P Global website, the S&P 500 rose by 13.63% to close at 6,204.95 points on 30 June.
With dividends included, the S&P 500's total gross return for the year was 15.16%.
The difference in growth rates between the S&P 500 and the ASX IVV is due to the impact of the currency exchange.
In Australian dollar terms, S&P Global reports that the S&P 500 rose by 15.8%, with total gross returns of 17.36%.
US stocks operate on a different fiscal year cycle from us.
However, it's interesting to compare their performance to ASX shares over our FY25 period, given so many Aussies invest in both.
The S&P 500 outperformed the benchmark S&P/ASX 200 Index (ASX: XJO), which rose 9.97% and produced 13.81% total returns.
The IVV ETF closed the year at $63.18 per unit on 30 June. It hit a record high of $65.27 per unit on 31 January.
The ASX IVV is popular with Australian investors because it provides geographical diversification into the US for our portfolios.
Demonstrating this, the IVV ETF was the No.1 ASX ETF purchased via the Stake online trading platform during the April market rout.
Image source: Getty Images
How did the top 10 US stocks in ASX IVV perform in FY25?
The top 10 holdings in the IVV ETF reflect the market capitalisations of the biggest US stocks in the S&P 500.
Here's how those stocks performed in terms of share price growth in FY25.
| US stock | Share price growth in FY25 | Weight in ASX IVV |
| Nvidia Corp (NASDAQ: NVDA) | 28% | 7.3% |
| Microsoft Corp (NASDAQ: MSFT) | 11% | 6.96% |
| Apple Inc (NASDAQ: AAPL) | (2.6%) | 5.99% |
| Amazon.com, Inc. (NASDAQ: AMZN) | 13.5% | 3.96% |
| Meta Platforms Inc (NASDAQ: META) | 46% | 2.93% |
| Broadcom Inc (NASDAQ: AVGO) | 71.7% | 2.43% |
| Alphabet Inc Class A (NASDAQ: GOOGL) | (3.3%) | 1.96% |
| Berkshire Hathaway Inc Class B (NYSE: BRK.B) | 19.4% | 1.67% |
| Tesla Inc (NASDAQ: TSLA) | 61% | 1.66% |
| Alphabet Inc Class C (NASDAQ: GOOG) | (3.3%) | 1.59% |
Other IVV ETF news
ASX IVV investors will receive their next distribution (dividend) this week.
Find out how much you'll receive here.
Further reading
ASX tech shares outperformed US tech stocks by 2:1 in FY25. Here's why.
