IVV vs VB
iShares Core S&P 500 ETF vs Vanguard Morningstar Small-Cap ETF
Which is better, IVV or VB?
Large Cap Blend against Small Cap Blend.
IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. VB is less concentrated, with 4.3% of the fund in its ten largest positions against 37.9%.
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 | IVV | VB |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $79.7B |
| Dividend Yield | 1.06% | 1.21% |
| Holdings | 508 | 1,319 |
| YTD Return | +12.51% | +12.96%Best |
| 1Y Return | +17.57%Best | +15.18% |
| 3Y Return (annualized) | +21.27%Best | +15.97% |
| 5Y Return (annualized) | +12.95%Best | +7.16% |
| Volatility (annualized) | 14.6%Best | 18.8% |
| Max Drawdown | -56.5%Best | -61.0% |
| $10,000 over 5 years | $18,384Best | $14,131 |
| Top 10 Weight | 37.9% | 4.3%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Jan 26, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 11, 2026 (22.6 years).
IVV vs VB 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 22.6 years both funds cover.
IVV vs VB Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Small-Cap ETF (VB) is an ETF from Vanguard (US). Over the past year IVV returned +17.57% while VB returned +15.18%. Year to date, IVV is up 12.51% versus a gain of 12.96% for VB.
Over three years, IVV compounded at +21.27% per year against +15.97% for VB; over five years the annualized figures are +12.95% and +7.16% respectively. Across the full 23-year window we track, IVV has the edge at +9.19% annualized vs +8.62%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VB has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 14.6% 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 -56.5% for IVV and -61.0% for VB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while VB charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.06% against 1.21% for VB.
Holdings Overlap
4.9% of IVV's money is in holdings VB also owns. 20.4% of VB's money is in holdings IVV also owns.
VB and IVV share little of their money.
124 positions in common, counted across the 505 positions we hold weights for in IVV and 1,303 in VB, against full books of 508 and 1,319.
What only one of them owns
Our book lists 1,124 positions for VB that do not appear in our book for IVV (74.6% of the fund), and 374 for IVV that do not appear in VB (94.5%).
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 IVV | Weight in VB | Difference |
|---|---|---|---|
| METAMeta Platforms, Inc. | 1.94% | 0.00% | 1.94% |
| JBLJabil, Inc. | 0.05% | 0.49% | 0.44% |
| EMEEmcor Group Inc | 0.05% | 0.44% | 0.39% |
| NRGNrg Energy Inc. | 0.04% | 0.37% | 0.33% |
| TPRTapestry Inc. | 0.05% | 0.35% | 0.30% |
| CASYCasey's General Stores Inc | 0.05% | 0.35% | 0.30% |
| ATOAtmos Energy Corp | 0.04% | 0.34% | 0.30% |
| WSMWilliams-sonoma Inc | 0.04% | 0.33% | 0.29% |
| SWR:IESmurfit Westrock Plc | 0.04% | 0.29% | 0.25% |
| MRNAModerna Inc | 0.03% | 0.30% | 0.27% |
20.4% of VB is already inside IVV.
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, IVV or VB?
IVV has an expense ratio of 0.03% while VB charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or VB?
Over the past year IVV returned +17.57% vs +15.18% for VB, so IVV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +9.19% vs +8.62% for VB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VB?
VB has been the more volatile fund at 18.8% annualized versus 14.6% for IVV. Worst drawdown: IVV -56.5% vs VB -61.0%.
Should I hold both IVV and VB?
IVV and VB have a monthly-return correlation of 0.91, 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 IVV and VB?
20.4% of VB's money is in holdings IVV also owns. 20.4% of VB's is in holdings IVV also owns. They hold 124 positions in common, counted across the 505 positions we hold weights for in IVV and 1,303 in VB.
Which pays a higher dividend, IVV or VB?
IVV yields 1.06% while VB yields 1.21%, so VB currently pays the higher dividend yield.
Is VB better than IVV?
IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. VB is less concentrated, with 4.3% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.