BIV vs IVV
Vanguard Intermediate-Term Bond ETF vs iShares Core S&P 500 ETF
Which is better, BIV or IVV?
IVV has been ahead.
IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BIV | IVV |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $28.8B | $876.4B |
| Dividend Yield | 4.32% | 1.06% |
| Holdings | 2,336 | 508 |
| YTD Return | -1.92% | +14.14%Best |
| 1Y Return | -0.95% | +17.30%Best |
| 3Y Return (annualized) | +4.73% | +23.04%Best |
| 5Y Return (annualized) | -0.48% | +13.63%Best |
| Volatility (annualized) | 5.7%Best | 15.5% |
| Max Drawdown | -20.3%Best | -56.5% |
| $10,000 over 5 years | $9,762 | $18,944Best |
| Fund Family | Vanguard (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Apr 3, 2007 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 10, 2007 to Sep 22, 2026 (19.5 years).
BIV vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
BIV vs IVV Performance
Vanguard Intermediate-Term Bond ETF (BIV) is an ETF from Vanguard (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year BIV returned -0.95% while IVV returned +17.30%. Year to date, BIV is down 1.92% versus a gain of 14.14% for IVV.
Over three years, BIV compounded at +4.73% per year against +23.04% for IVV; over five years the annualized figures are -0.48% and +13.63% respectively. Across the full 20-year window we track, IVV has the edge at +9.46% annualized vs +0.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 5.7% for BIV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.3% for BIV and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.22. They move largely independently of each other.
Fees and Cost Over Time
BIV charges 0.03% per year while IVV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, BIV currently yields 4.32% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 798 holdings in BIV and 490 in IVV, totalling 60.9% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 798 positions we hold weights for in BIV and 490 in IVV, against full books of 2,336 and 508.
You are not choosing between two funds in isolation.
Whichever of BIV and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BIV or IVV?
BIV has an expense ratio of 0.03% while IVV charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, BIV or IVV?
Over the past year BIV returned -0.95% vs +17.30% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), BIV annualized +0.92% vs +9.46% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BIV or IVV?
IVV has been the more volatile fund at 15.5% annualized versus 5.7% for BIV. Worst drawdown: BIV -20.3% vs IVV -56.5%.
Should I hold both BIV and IVV?
BIV and IVV have a monthly-return correlation of 0.22, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BIV or IVV?
BIV yields 4.32% while IVV yields 1.06%, so BIV currently pays the higher dividend yield.
Is IVV better than BIV?
IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.