IVV vs VCRM
iShares Core S&P 500 ETF vs Vanguard Core Tax-Exempt Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. VCRM offers more diversification with 3,675 holdings.
Side-by-Side Comparison
| Metric | IVV | VCRM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.12% | |
| AUM | $907.0B | $1.7B | |
| Dividend Yield | 1.10% | 3.69% | |
| Holdings | 508 | 3,675 | |
| YTD Return | +12.71% | -0.98% | |
| 1Y Return | +21.89% | +3.87% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 4.1% | |
| Max Drawdown | -56.5% | -3.8% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Nov 19, 2024 |
IVV vs VCRM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Core Tax-Exempt Bond ETF (VCRM) is a ETF from Vanguard (US). Over the past year IVV returned +21.89% while VCRM returned +3.87%. Year to date, IVV is up 12.71% versus a loss of 0.98% for VCRM.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.1% for VCRM. 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 -3.8% for VCRM. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while VCRM charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.69% for VCRM.
Holdings Overlap
IVV and VCRM share 0 holdings out of 695 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or VCRM?
IVV has an expense ratio of 0.03% while VCRM charges 0.12%. IVV is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, IVV or VCRM?
Over the past year IVV returned +21.89% vs +3.87% for VCRM, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.00% vs +2.56% for VCRM. Past performance does not guarantee future results.
Which is riskier, IVV or VCRM?
IVV has been the more volatile fund at 15.1% annualized versus 4.1% for VCRM. Worst drawdown: IVV -56.5% vs VCRM -3.8%.
Should I hold both IVV and VCRM?
IVV and VCRM have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VCRM?
IVV and VCRM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 695 unique securities.
Which pays a higher dividend, IVV or VCRM?
IVV yields 1.10% while VCRM yields 3.69%, so VCRM currently pays the higher dividend yield.
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