ILCV vs VOO
iShares Morningstar Value ETF vs Vanguard S&P 500 ETF
Which is better, ILCV or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. ILCV led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ILCV is less concentrated, with 34.1% of the fund in its ten largest positions against 37.6%.
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 | ILCV | VOO |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $1.3B | $997.4B |
| Dividend Yield | 1.51% | 1.04% |
| Holdings | 380 | 509 |
| YTD Return | +14.97%Best | +14.14% |
| 1Y Return | +21.64%Best | +17.31% |
| 3Y Return (annualized) | +20.35% | +23.16%Best |
| 5Y Return (annualized) | +13.48% | +13.85%Best |
| Volatility (annualized) | 13.7%Best | 14.1% |
| Max Drawdown | -35.5% | -34.3%Best |
| $10,000 over 5 years | $18,819 | $19,128Best |
| Top 10 Weight | 34.1%Best | 37.6% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jun 28, 2004 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 21, 2026 (16 years).
ILCV vs VOO 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 covers the 16 years both funds cover.
ILCV vs VOO Performance
iShares Morningstar Value ETF (ILCV) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year ILCV returned +21.64% while VOO returned +17.31%. Year to date, ILCV is up 14.97% versus a gain of 14.14% for VOO.
Over three years, ILCV compounded at +20.35% per year against +23.16% for VOO; over five years the annualized figures are +13.48% and +13.85% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +9.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.7% for ILCV. 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 -35.5% for ILCV and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ILCV charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, ILCV currently yields 1.51% against 1.04% for VOO.
Holdings Overlap
96.6% of ILCV's money is in holdings VOO also owns. 70.8% of VOO's money is in holdings ILCV also owns.
Most of ILCV is already inside VOO. Owning both mostly buys the same companies twice.
320 positions in common, counted across the 373 positions we hold weights for in ILCV and 494 in VOO, against full books of 380 and 509.
What only one of them owns
Our book lists 169 positions for VOO that do not appear in our book for ILCV (28.5% of the fund), and 43 for ILCV that do not appear in VOO (2.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ILCV | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.69% | 7.05% | 0.36% |
| MSFTMicrosoft Corp | 8.18% | 5.36% | 2.82% |
| AMZNAmazon.Com Inc | 3.31% | 4.13% | 0.82% |
| GOOGLAlphabet Inc,class A | 2.47% | 3.24% | 0.77% |
| GOOGAlphabet Inc | 1.96% | 2.62% | 0.66% |
| JPMJpmorgan Chase | 2.76% | 1.46% | 1.30% |
| METAMeta Platforms Inc | 2.30% | 1.90% | 0.40% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.69% | 1.46% | 1.23% |
| XOMExxon Mobil Corp. | 1.93% | 1.00% | 0.93% |
| MUMicron Technology, Inc. | 1.40% | 1.44% | 0.04% |
96.6% of ILCV is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ILCV or VOO?
ILCV has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, ILCV or VOO?
Over the past year ILCV returned +21.64% vs +17.31% for VOO, so ILCV leads on 1-year performance. Over the longest common window we track (16 years), ILCV annualized +9.80% vs +13.49% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ILCV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.7% for ILCV. Worst drawdown: ILCV -35.5% vs VOO -34.3%.
Should I hold both ILCV and VOO?
ILCV and VOO have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ILCV and VOO?
96.6% of ILCV's money is in holdings VOO also owns. 70.8% of VOO's is in holdings ILCV also owns. They hold 320 positions in common, counted across the 373 positions we hold weights for in ILCV and 494 in VOO.
Which pays a higher dividend, ILCV or VOO?
ILCV yields 1.51% while VOO yields 1.04%, so ILCV currently pays the higher dividend yield.
Is VOO better than ILCV?
VOO has a lower expense ratio. ILCV led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. ILCV is less concentrated, with 34.1% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.