BIV vs VOO
Vanguard Intermediate-Term Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO delivered stronger 1-year returns. BIV offers more diversification with 2101 holdings.
Side-by-Side Comparison
| Metric | BIV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $29.3B | $979.0B | |
| Dividend Yield | 4.18% | 1.09% | |
| Holdings | 2,321 | 509 | |
| YTD Return | -0.60% | +14.48% | |
| 1Y Return | +1.50% | +22.02% | |
| 3Y Return (annualized) | +4.67% | +21.80% | |
| 5Y Return (annualized) | -0.21% | +13.36% | |
| Volatility (annualized) | 5.7% | 14.2% | |
| Max Drawdown | -20.3% | -34.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 3, 2007 | Sep 7, 2010 |
BIV vs VOO Performance
Vanguard Intermediate-Term Bond ETF (BIV) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BIV returned +1.50% while VOO returned +22.02%. Year to date, BIV is down 0.60% versus a gain of 14.48% for VOO.
Over three years, BIV compounded at +4.67% per year against +21.80% for VOO; over five years the annualized figures are -0.21% and +13.36% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs +1.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BIV charges 0.03% per year while VOO charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, BIV currently yields 4.18% against 1.09% for VOO.
Holdings Overlap
BIV and VOO share 4 holdings out of 2602 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BIV or VOO?
BIV has an expense ratio of 0.03% while VOO charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, BIV or VOO?
Over the past year BIV returned +1.50% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), BIV annualized +1.00% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, BIV or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 5.7% for BIV. Worst drawdown: BIV -20.3% vs VOO -34.3%.
Should I hold both BIV and VOO?
BIV and VOO have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BIV and VOO?
BIV and VOO share 4 common holdings with a 0.1% weight overlap. Combined, they hold 2602 unique securities.
Which pays a higher dividend, BIV or VOO?
BIV yields 4.18% while VOO yields 1.09%, so BIV currently pays the higher dividend yield.
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