IVV vs VIOO
iShares Core S&P 500 ETF vs Vanguard S&P Small-Cap 600 ETF
Which is better, IVV or VIOO?
Large Cap Blend against Small Cap Blend.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, VIOO over 1Y. VIOO is less concentrated, with 5.8% of the fund in its ten largest positions against 37.9%.
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 | VIOO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.07% |
| AUM | $876.4B | $4.2B |
| Dividend Yield | 1.06% | 1.13% |
| Holdings | 508 | 613 |
| YTD Return | +12.51% | +17.60%Best |
| 1Y Return | +17.57% | +19.98%Best |
| 3Y Return (annualized) | +21.27%Best | +15.30% |
| 5Y Return (annualized) | +12.95%Best | +6.96% |
| Volatility (annualized) | 14.1%Best | 18.9% |
| Max Drawdown | -33.9%Best | -44.1% |
| $10,000 over 5 years | $18,384Best | $13,999 |
| Top 10 Weight | 37.9% | 5.8%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Blend |
| Inception | May 15, 2000 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
IVV vs VIOO 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 16 years both funds cover.
IVV vs VIOO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard S&P Small-Cap 600 ETF (VIOO) is an ETF from Vanguard (US). Over the past year IVV returned +17.57% while VIOO returned +19.98%. Year to date, IVV is up 12.51% versus a gain of 17.60% for VIOO.
Over three years, IVV compounded at +21.27% per year against +15.30% for VIOO; over five years the annualized figures are +12.95% and +6.96% respectively. Across the full 16-year window we track, IVV has the edge at +13.37% annualized vs +12.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOO has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 14.1% 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 -44.1% for VIOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VIOO charges 0.07%. On a $10,000 position that is $3 vs $7 annually, a gap of $4 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.13% for VIOO.
Holdings Overlap
1.9% of IVV's money is in holdings VIOO also owns.
IVV and VIOO share little of their money.
1 positions in common, counted across the 505 positions we hold weights for in IVV and 607 in VIOO, against full books of 508 and 613.
What only one of them owns
Our book lists 588 positions for VIOO that do not appear in our book for IVV (97.0% of the fund), and 494 for IVV that do not appear in VIOO (97.4%).
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 VIOO | Difference |
|---|---|---|---|
| METAMeta Platforms, Inc. | 1.94% | 0.00% | 1.94% |
You are not choosing between two funds in isolation.
Whichever of IVV and VIOO 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 VIOO?
IVV has an expense ratio of 0.03% while VIOO charges 0.07%. IVV is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, IVV or VIOO?
Over the past year IVV returned +17.57% vs +19.98% for VIOO, so VIOO leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +13.37% vs +12.20% for VIOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VIOO?
VIOO has been the more volatile fund at 18.9% annualized versus 14.1% for IVV. Worst drawdown: IVV -33.9% vs VIOO -44.1%.
Should I hold both IVV and VIOO?
IVV and VIOO have a monthly-return correlation of 0.84, 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 VIOO?
1.9% of IVV's money is in holdings VIOO also owns. 0.0% of VIOO's is in holdings IVV also owns. They hold 1 positions in common, counted across the 505 positions we hold weights for in IVV and 607 in VIOO.
Which pays a higher dividend, IVV or VIOO?
IVV yields 1.06% while VIOO yields 1.13%, so VIOO currently pays the higher dividend yield.
Is VIOO better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, VIOO over 1Y. VIOO is less concentrated, with 5.8% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.