IVV vs VIITX
iShares Core S&P 500 ETF vs Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class
Quick Verdict
VIITX has a lower expense ratio. IVV delivered stronger 1-year returns. VIITX offers more diversification with 2,599 holdings.
Side-by-Side Comparison
| Metric | IVV | VIITX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.02% | |
| AUM | $907.0B | - | |
| Dividend Yield | 1.10% | 4.59% | |
| Holdings | 508 | 2,599 | |
| YTD Return | +12.28% | -1.66% | |
| 1Y Return | +20.94% | -1.16% | |
| 3Y Return (annualized) | +21.81% | +0.81% | |
| 5Y Return (annualized) | +13.05% | -2.27% | |
| Volatility (annualized) | 15.1% | 4.2% | |
| Max Drawdown | -56.5% | -15.0% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Dec 1, 1997 |
IVV vs VIITX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class (VIITX) is a mutual fund from Vanguard (US). Over the past year IVV returned +20.94% while VIITX returned -1.16%. Year to date, IVV is up 12.28% versus a loss of 1.66% for VIITX.
Over three years, IVV compounded at +21.81% per year against +0.81% for VIITX; over five years the annualized figures are +13.05% and -2.27% respectively. Across the full 5-year window we track, IVV has the edge at +6.98% annualized vs -2.27%. 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 4.2% for VIITX. 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 -15.0% for VIITX. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while VIITX charges 0.02%. On a $10,000 position that is $3 vs $2 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.59% for VIITX.
Holdings Overlap
IVV and VIITX share 2 holdings out of 1688 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or VIITX?
IVV has an expense ratio of 0.03% while VIITX charges 0.02%. VIITX is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or VIITX?
Over the past year IVV returned +20.94% vs -1.16% for VIITX, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +6.98% vs -2.27% for VIITX. Past performance does not guarantee future results.
Which is riskier, IVV or VIITX?
IVV has been the more volatile fund at 15.1% annualized versus 4.2% for VIITX. Worst drawdown: IVV -56.5% vs VIITX -15.0%.
Should I hold both IVV and VIITX?
IVV and VIITX have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VIITX?
IVV and VIITX share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1688 unique securities.
Which pays a higher dividend, IVV or VIITX?
IVV yields 1.10% while VIITX yields 4.59%, so VIITX currently pays the higher dividend yield.
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