IVV vs VFMV
IVV vs VFMV
iShares Core S&P 500 ETF vs Vanguard US Minimum Volatility ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | VFMV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.13% | |
| AUM | $865.2B | $418M | |
| Dividend Yield | 1.09% | 1.49% | |
| Holdings | 508 | 182 | |
| YTD Return | +13.80% | +12.46% | |
| 1Y Return | +23.70% | +15.31% | |
| 3Y Return (annualized) | +21.49% | +14.77% | |
| 5Y Return (annualized) | +13.43% | +9.47% | |
| Volatility (annualized) | 15.1% | 13.2% | |
| Max Drawdown | -56.5% | -33.6% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 13, 2018 |
IVV vs VFMV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard US Minimum Volatility ETF (VFMV) is a ETF from Vanguard (US). Over the past year IVV returned +23.70% while VFMV returned +15.31%. Year to date, IVV is up 13.80% versus a gain of 12.46% for VFMV.
Over three years, IVV compounded at +21.49% per year against +14.77% for VFMV; over five years the annualized figures are +13.43% and +9.47% respectively. Across the full 9-year window we track, VFMV has the edge at +10.00% annualized vs +7.05%. 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 13.2% for VFMV. 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 -33.6% for VFMV. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VFMV charges 0.13%. On a $10,000 position that is $3 vs $13 annually, a gap of $10 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.49% for VFMV.
Holdings Overlap
IVV and VFMV share 113 holdings out of 571 unique holdings combined, representing a 25.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in VFMV | Difference |
|---|---|---|---|
| NVDA | 7.76% | 1.50% | 6.26% |
| AAPL | 7.44% | 1.48% | 5.96% |
| MSFT | 4.57% | 1.49% | 3.08% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
See all 10 holdings IVV shares with VFMV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or VFMV?
IVV has an expense ratio of 0.03% while VFMV charges 0.13%. IVV is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, IVV or VFMV?
Over the past year IVV returned +23.70% vs +15.31% for VFMV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +7.05% vs +10.00% for VFMV. Past performance does not guarantee future results.
Which is riskier, IVV or VFMV?
IVV has been the more volatile fund at 15.1% annualized versus 13.2% for VFMV. Worst drawdown: IVV -56.5% vs VFMV -33.6%.
Should I hold both IVV and VFMV?
IVV and VFMV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VFMV?
IVV and VFMV share 113 common holdings with a 25.8% weight overlap. Combined, they hold 571 unique securities.
Which pays a higher dividend, IVV or VFMV?
IVV yields 1.09% while VFMV yields 1.49%, so VFMV currently pays the higher dividend yield.
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