IVV vs VIOV
iShares Core S&P 500 ETF vs Vanguard S&P Small Cap 600 Value ETF
Which is better, IVV or VIOV?
Large Cap Blend against Small Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, VIOV over 1Y. VIOV is less concentrated, with 8.3% 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 | VIOV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.10% |
| AUM | $876.4B | $2.0B |
| Dividend Yield | 1.06% | 1.67% |
| Holdings | 508 | 468 |
| YTD Return | +12.51% | +18.26%Best |
| 1Y Return | +17.57% | +22.17%Best |
| 3Y Return (annualized) | +21.27%Best | +15.58% |
| 5Y Return (annualized) | +12.95%Best | +8.06% |
| Volatility (annualized) | 14.1%Best | 20.0% |
| Max Drawdown | -33.9%Best | -48.9% |
| $10,000 over 5 years | $18,384Best | $14,734 |
| Top 10 Weight | 37.9% | 8.3%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Value |
| 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 VIOV 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 VIOV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard S&P Small Cap 600 Value ETF (VIOV) is an ETF from Vanguard (US). Over the past year IVV returned +17.57% while VIOV returned +22.17%. Year to date, IVV is up 12.51% versus a gain of 18.26% for VIOV.
Over three years, IVV compounded at +21.27% per year against +15.58% for VIOV; over five years the annualized figures are +12.95% and +8.06% respectively. Across the full 16-year window we track, IVV has the edge at +13.37% annualized vs +10.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOV has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -48.9% for VIOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 1.67% for VIOV.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 461 in VIOV, totalling 100.0% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 461 in VIOV, against full books of 508 and 468.
What only one of them owns
Our book lists 451 positions for VIOV that do not appear in our book for IVV (96.3% of the fund), and 495 for IVV that do not appear in VIOV (99.3%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and VIOV 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 VIOV?
IVV has an expense ratio of 0.03% while VIOV charges 0.10%. IVV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, IVV or VIOV?
Over the past year IVV returned +17.57% vs +22.17% for VIOV, so VIOV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +13.37% vs +10.75% for VIOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VIOV?
VIOV has been the more volatile fund at 20.0% annualized versus 14.1% for IVV. Worst drawdown: IVV -33.9% vs VIOV -48.9%.
Should I hold both IVV and VIOV?
IVV and VIOV have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or VIOV?
IVV yields 1.06% while VIOV yields 1.67%, so VIOV currently pays the higher dividend yield.
Is VIOV better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, VIOV over 1Y. VIOV is less concentrated, with 8.3% 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.