IVV vs VIOV
iShares Core S&P 500 ETF vs Vanguard S&P Small Cap 600 Value ETF
Quick Verdict
IVV has a lower expense ratio. VIOV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | VIOV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.10% | |
| AUM | $907.0B | $2.0B | |
| Dividend Yield | 1.10% | 1.68% | |
| Holdings | 508 | 468 | |
| YTD Return | +12.71% | +21.63% | |
| 1Y Return | +21.89% | +33.54% | |
| 3Y Return (annualized) | +22.08% | +16.25% | |
| 5Y Return (annualized) | +12.96% | +8.56% | |
| Volatility (annualized) | 15.1% | 20.1% | |
| Max Drawdown | -56.5% | -48.9% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 7, 2010 |
IVV vs VIOV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard S&P Small Cap 600 Value ETF (VIOV) is a ETF from Vanguard (US). Over the past year IVV returned +21.89% while VIOV returned +33.54%. Year to date, IVV is up 12.71% versus a gain of 21.63% for VIOV.
Over three years, IVV compounded at +22.08% per year against +16.25% for VIOV; over five years the annualized figures are +12.96% and +8.56% respectively. Across the full 16-year window we track, VIOV has the edge at +10.99% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOV has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 15.1% 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 -56.5% for IVV and -48.9% for VIOV. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VIOV charges 0.10%. On a $10,000 position that is $3 vs $10 annually, a gap of $7 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.68% for VIOV.
Holdings Overlap
IVV and VIOV share 0 holdings out of 966 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 VIOV?
IVV has an expense ratio of 0.03% while VIOV charges 0.10%. IVV is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, IVV or VIOV?
Over the past year IVV returned +21.89% vs +33.54% for VIOV, so VIOV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.00% vs +10.99% for VIOV. Past performance does not guarantee future results.
Which is riskier, IVV or VIOV?
VIOV has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs VIOV -48.9%.
Should I hold both IVV and VIOV?
IVV and VIOV have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VIOV?
IVV and VIOV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 966 unique securities.
Which pays a higher dividend, IVV or VIOV?
IVV yields 1.10% while VIOV yields 1.68%, so VIOV currently pays the higher dividend yield.
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