IVV vs VBF
iShares Core S&P 500 ETF vs Invesco Bond Fund
Which is better, IVV or VBF?
Large Cap Blend against Long Term Mid Quality.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
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 | VBF |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.54% |
| AUM | $876.4B | $4,400.74 |
| Dividend Yield | 1.06% | 5.14% |
| Holdings | 508 | 1,492 |
| YTD Return | +14.14%Best | -3.19% |
| 1Y Return | +17.30%Best | -4.41% |
| 3Y Return (annualized) | +23.04%Best | +5.29% |
| 5Y Return (annualized) | +13.63%Best | -2.75% |
| Volatility (annualized) | 15.1% | 10.2%Best |
| Max Drawdown | -56.5% | -37.7%Best |
| $10,000 over 5 years | $18,944Best | $8,699 |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term Mid Quality |
| Inception | May 15, 2000 | Oct 28, 1970 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 22, 2026 (26.3 years).
IVV vs VBF 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.
IVV vs VBF Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Bond Fund (VBF) is an ETF from Invesco (US). Over the past year IVV returned +17.30% while VBF returned -4.41%. Year to date, IVV is up 14.14% versus a loss of 3.19% for VBF.
Over three years, IVV compounded at +23.04% per year against +5.29% for VBF; over five years the annualized figures are +13.63% and -2.75% respectively. Across the full 26-year window we track, IVV has the edge at +7.02% annualized vs +0.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 10.2% for VBF. 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 -37.7% for VBF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while VBF charges 0.54%. On a $10,000 position that is $3 vs $54 annually, a gap of $51 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 5.14% for VBF.
Holdings Overlap
At least 0.5% of IVV's money is in holdings VBF also owns.
Stated as a floor: for VBF, our book for it covers 61.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 184 days apart, IVV as of Aug 31, 2026 and VBF as of Feb 28, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 490 positions we hold weights for in IVV and 1,017 in VBF, against full books of 508 and 1,492.
You are not choosing between two funds in isolation.
Whichever of IVV and VBF 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, IVV or VBF?
IVV has an expense ratio of 0.03% while VBF charges 0.54%. IVV is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, IVV or VBF?
Over the past year IVV returned +17.30% vs -4.41% for VBF, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.02% vs +0.66% for VBF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VBF?
IVV has been the more volatile fund at 15.1% annualized versus 10.2% for VBF. Worst drawdown: IVV -56.5% vs VBF -37.7%.
Should I hold both IVV and VBF?
IVV and VBF have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or VBF?
IVV yields 1.06% while VBF yields 5.14%, so VBF currently pays the higher dividend yield.
Is VBF better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.