IVOV vs VTI
Vanguard S&P Mid-Cap 400 Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, IVOV or VTI?
Mid Cap Value against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. IVOV is less concentrated, with 10.3% of the fund in its ten largest positions against 33.3%.
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 | IVOV | VTI |
|---|---|---|
| Expense Ratio | 0.10% | 0.03%Best |
| AUM | $1.5B | $666.9B |
| Dividend Yield | 1.63% | 1.03% |
| Holdings | 305 | 3,543 |
| YTD Return | +6.29% | +13.10%Best |
| 1Y Return | +10.03% | +17.01%Best |
| 3Y Return (annualized) | +13.44% | +22.26%Best |
| 5Y Return (annualized) | +8.01% | +11.98%Best |
| Volatility (annualized) | 18.3% | 14.5%Best |
| Max Drawdown | -46.0% | -35.0%Best |
| $10,000 over 5 years | $14,700 | $17,608Best |
| Top 10 Weight | 10.3%Best | 33.3% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Sep 7, 2010 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 24, 2026 (16 years).
IVOV vs VTI 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.
IVOV vs VTI Performance
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is an ETF from Vanguard (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year IVOV returned +10.03% while VTI returned +17.01%. Year to date, IVOV is up 6.29% versus a gain of 13.10% for VTI.
Over three years, IVOV compounded at +13.44% per year against +22.26% for VTI; over five years the annualized figures are +8.01% and +11.98% respectively. Across the full 16-year window we track, VTI has the edge at +13.13% annualized vs +11.25%.
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 14.5% for VTI. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVOV charges 0.10% per year while VTI 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 1.63% against 1.03% for VTI.
Holdings Overlap
98.3% of IVOV's money is in holdings VTI also owns. 3.3% of VTI's money is in holdings IVOV also owns.
Most of IVOV is already inside VTI. Owning both mostly buys the same companies twice.
294 positions in common, counted across the 297 positions we hold weights for in IVOV and 3,463 in VTI, against full books of 305 and 3,543.
What only one of them owns
Our book lists 897 positions for VTI that do not appear in our book for IVOV (94.2% of the fund), and 2 for IVOV that do not appear in VTI (0.8%).
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 IVOV | Weight in VTI | Difference |
|---|---|---|---|
| USFDUS Foods Holding Corp | 1.27% | 0.03% | 1.24% |
| RSReliance Steel & Aluminum Co. | 1.19% | 0.03% | 1.16% |
| SNXSynnex Technology International Co | 1.10% | 0.03% | 1.07% |
| PFGCPerformance Food Group Co | 1.03% | 0.02% | 1.01% |
| OVVOvintiv Inc. | 0.99% | 0.02% | 0.97% |
| PRPermian Resource | 0.96% | 0.02% | 0.94% |
| WCCWesco International Inc | 0.96% | 0.02% | 0.94% |
| NLYAnnaly Capital Management Inc | 0.96% | 0.02% | 0.94% |
| JLLJones Lang Lasalle Inc. | 0.95% | 0.02% | 0.93% |
| PNFPPinnacle Financial Partners In Common Stock Usd1.0 | 0.91% | 0.02% | 0.89% |
98.3% of IVOV is already inside VTI.
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, IVOV or VTI?
IVOV has an expense ratio of 0.10% while VTI charges 0.03%. VTI is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, IVOV or VTI?
Over the past year IVOV returned +10.03% vs +17.01% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (16 years), IVOV annualized +11.25% vs +13.13% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVOV or VTI?
IVOV has been the more volatile fund at 18.3% annualized versus 14.5% for VTI. Worst drawdown: IVOV -46.0% vs VTI -35.0%.
Should I hold both IVOV and VTI?
IVOV and VTI have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVOV and VTI?
98.3% of IVOV's money is in holdings VTI also owns. 3.3% of VTI's is in holdings IVOV also owns. They hold 294 positions in common, counted across the 297 positions we hold weights for in IVOV and 3,463 in VTI.
Which pays a higher dividend, IVOV or VTI?
IVOV yields 1.63% while VTI yields 1.03%, so IVOV currently pays the higher dividend yield.
Is VTI better than IVOV?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. IVOV is less concentrated, with 10.3% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.