IVV vs VFVA
iShares Core S&P 500 ETF vs Vanguard US Value Factor ETF
Which is better, IVV or VFVA?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, VFVA over 1Y. VFVA is less concentrated, with 7.9% of the fund in its ten largest positions against 37.8%.
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 | VFVA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.13% |
| AUM | $876.4B | $951M |
| Dividend Yield | 1.06% | 1.73% |
| Holdings | 508 | 693 |
| YTD Return | +11.03% | +18.29%Best |
| 1Y Return | +15.62% | +24.24%Best |
| 3Y Return (annualized) | +20.81%Best | +17.74% |
| 5Y Return (annualized) | +12.61%Best | +12.04% |
| Volatility (annualized) | 16.4%Best | 22.9% |
| Max Drawdown | -33.9%Best | -48.6% |
| $10,000 over 5 years | $18,109Best | $17,655 |
| Top 10 Weight | 37.8% | 7.9%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | Feb 13, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Feb 15, 2018 to Sep 16, 2026 (8.6 years).
IVV vs VFVA 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 8.6 years both funds cover.
IVV vs VFVA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard US Value Factor ETF (VFVA) is an ETF from Vanguard (US). Over the past year IVV returned +15.62% while VFVA returned +24.24%. Year to date, IVV is up 11.03% versus a gain of 18.29% for VFVA.
Over three years, IVV compounded at +20.81% per year against +17.74% for VFVA; over five years the annualized figures are +12.61% and +12.04% respectively. Across the full 9-year window we track, IVV has the edge at +13.54% annualized vs +10.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VFVA has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 16.4% 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 -33.9% for IVV and -48.6% for VFVA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VFVA 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 1.06% against 1.73% for VFVA.
Holdings Overlap
29.9% of IVV's money is in holdings VFVA also owns. 43.4% of VFVA's money is in holdings IVV also owns.
The two portfolios partly overlap.
169 positions in common, counted across the 490 positions we hold weights for in IVV and 688 in VFVA, against full books of 508 and 693.
What only one of them owns
Our book lists 500 positions for VFVA that do not appear in our book for IVV (54.4% of the fund), and 314 for IVV that do not appear in VFVA (68.8%).
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 VFVA | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.84% | 0.06% | 3.78% |
| METAMeta Platforms Inc | 1.90% | 0.32% | 1.58% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 0.26% | 1.13% |
| JPMJpmorgan Chase | 1.44% | 0.14% | 1.30% |
| XOMExxon Mobil Corp. | 1.01% | 0.38% | 0.63% |
| CRMSalesforce Inc Crm Us Equity | 0.32% | 0.96% | 0.64% |
| CVXChevron Corp | 0.58% | 0.59% | 0.01% |
| VZVerizon Communic | 0.32% | 0.77% | 0.45% |
| BMYBristol-Myers Squibb Co. | 0.21% | 0.86% | 0.65% |
| TBBAt&t Inc | 0.27% | 0.79% | 0.52% |
43.4% of VFVA 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 VFVA?
IVV has an expense ratio of 0.03% while VFVA charges 0.13%. IVV is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, IVV or VFVA?
Over the past year IVV returned +15.62% vs +24.24% for VFVA, so VFVA leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +13.54% vs +10.96% for VFVA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VFVA?
VFVA has been the more volatile fund at 22.9% annualized versus 16.4% for IVV. Worst drawdown: IVV -33.9% vs VFVA -48.6%.
Should I hold both IVV and VFVA?
IVV and VFVA have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and VFVA?
43.4% of VFVA's money is in holdings IVV also owns. 43.4% of VFVA's is in holdings IVV also owns. They hold 169 positions in common, counted across the 490 positions we hold weights for in IVV and 688 in VFVA.
Which pays a higher dividend, IVV or VFVA?
IVV yields 1.06% while VFVA yields 1.73%, so VFVA currently pays the higher dividend yield.
Is VFVA better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, VFVA over 1Y. VFVA is less concentrated, with 7.9% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.