IVSS vs VOO
Applied Finance IVS US SMID ETF vs Vanguard S&P 500 ETF
Which is better, IVSS or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. IVSS is less concentrated, with 15.1% 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 | IVSS | VOO |
|---|---|---|
| Expense Ratio | 0.59% | 0.03%Best |
| AUM | $27M | $1.0T |
| Dividend Yield | 0.06% | 1.04% |
| Holdings | 714 | 506 |
| YTD Return | +14.06%Best | +12.75% |
| 1Y Return | - | +15.60% |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.55% |
| Top 10 Weight | 15.1%Best | 37.6% |
| Fund Family | Applied Finance Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Dec 3, 2025 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVSS 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 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.
IVSS vs VOO Performance
Applied Finance IVS US SMID ETF (IVSS) is an ETF from Applied Finance Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, IVSS is up 14.06% versus a gain of 12.75% for VOO.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVSS charges 0.59% per year while VOO charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, IVSS currently yields 0.06% against 1.04% for VOO.
Holdings Overlap
0.1% of IVSS's money is in holdings VOO also owns. 0.1% of VOO's money is in holdings IVSS also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 46 days apart, IVSS as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 357 positions we hold weights for in IVSS and 494 in VOO, against full books of 714 and 506.
What only one of them owns
Our book lists 486 positions for VOO that do not appear in our book for IVSS (99.1% of the fund), and 335 for IVSS that do not appear in VOO (91.4%).
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 IVSS | Weight in VOO | Difference |
|---|---|---|---|
| CURVTorrid Holdings Inc Common Stock Usd 0.01 | 0.05% | 0.05% | 0.00% |
You are not choosing between two funds in isolation.
Whichever of IVSS and VOO 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, IVSS or VOO?
IVSS has an expense ratio of 0.59% while VOO charges 0.03%. VOO is the cheaper option, by $56 a year on a $10,000 investment.
Which pays a higher dividend, IVSS or VOO?
IVSS yields 0.06% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than IVSS?
VOO has a lower expense ratio. IVSS is less concentrated, with 15.1% 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.