IVOV vs IVV
Vanguard S&P Mid-Cap 400 Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVOV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.03% | |
| AUM | $1.5B | $907.0B | |
| Dividend Yield | 1.61% | 1.10% | |
| Holdings | 305 | 508 | |
| YTD Return | +12.79% | +12.71% | |
| 1Y Return | +19.67% | +21.89% | |
| 3Y Return (annualized) | +14.80% | +22.08% | |
| 5Y Return (annualized) | +9.20% | +12.96% | |
| Volatility (annualized) | 18.3% | 15.1% | |
| Max Drawdown | -46.0% | -56.5% | |
| Fund Family | Vanguard (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | May 15, 2000 |
IVOV vs IVV Performance
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is a ETF from Vanguard (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IVOV returned +19.67% while IVV returned +21.89%. Year to date, IVOV is up 12.79% versus a gain of 12.71% for IVV.
Over three years, IVOV compounded at +14.80% per year against +22.08% for IVV; over five years the annualized figures are +9.20% and +12.96% respectively. Across the full 16-year window we track, IVOV has the edge at +11.74% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVOV has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 15.1% for IVV. 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 -46.0% for IVOV and -56.5% for IVV. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVOV charges 0.10% per year while IVV charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, IVOV currently yields 1.61% against 1.10% for IVV.
Holdings Overlap
IVOV and IVV share 1 holdings out of 802 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVOV | Weight in IVV | Difference |
|---|---|---|---|
| IPGP | 0.17% | 0.62% | 0.45% |
Frequently Asked Questions
Which is cheaper, IVOV or IVV?
IVOV has an expense ratio of 0.10% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, IVOV or IVV?
Over the past year IVOV returned +19.67% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVOV annualized +11.74% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, IVOV or IVV?
IVOV has been the more volatile fund at 18.3% annualized versus 15.1% for IVV. Worst drawdown: IVOV -46.0% vs IVV -56.5%.
Should I hold both IVOV and IVV?
IVOV and IVV have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVOV and IVV?
IVOV and IVV share 1 common holdings with a 0.2% weight overlap. Combined, they hold 802 unique securities.
Which pays a higher dividend, IVOV or IVV?
IVOV yields 1.61% while IVV yields 1.10%, so IVOV currently pays the higher dividend yield.
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