IVV vs VIPIX
iShares Core S&P 500 ETF vs Vanguard Inflation Protected Securities Fund Insti Shs
Which is better, IVV or VIPIX?
Large Cap Blend against Inflation Protection.
IVV has a lower expense ratio.
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 | VIPIX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.07% |
| AUM | $886.7B | $12.4B |
| Dividend Yield | 1.10% | 5.21% |
| Holdings | 508 | 81 |
| YTD Price Return | +12.79% | -0.96% |
| 1Y Price Return | +18.66% | -4.04% |
| 3Y Price Return (annualized) | +19.67% | -0.32% |
| 5Y Price Return (annualized) | +11.30% | -4.81% |
| Volatility (annualized) | 15.8% | 6.6%Best |
| Max Drawdown | -25.4% | -24.5%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Inflation Protection |
| Inception | May 15, 2000 | Dec 12, 2003 |
Not shown on this pair: $10,000 over 5 years, Top 10 Weight.
A price return is not the return of a fund that pays its income out. The coupon or distribution never appears in the price, so the return rows carry no winner here. IVV currently yields 1.10% and VIPIX 5.21%.
Volatility and max drawdown are measured over the window both funds cover: Sep 7, 2021 to Sep 4, 2026 (5 years).
IVV vs VIPIX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US). Over the past year IVV's price moved +18.66% and VIPIX's -4.04%, before the income each one paid out.
Over three years, IVV compounded at +19.67% per year against -0.32% for VIPIX; over five years the annualized figures are +11.30% and -4.81% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 6.6% for VIPIX. 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 -25.4% for IVV and -24.5% for VIPIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while VIPIX 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 1.10% against 5.21% for VIPIX.
Structure and taxes
VIPIX is a mutual fund and IVV is an ETF. A mutual fund prices once a day at net asset value and may carry a purchase minimum. An ETF trades through the day at whatever the market pays for it.
In a taxable account the difference that usually matters is distributions. An ETF can meet redemptions in kind, so it rarely has to sell holdings and rarely passes a capital gain to the people who held it; a mutual fund that sells holdings to meet redemptions can distribute a realised gain at year end to everyone still in the fund, whether or not they sold anything themselves. In a tax-deferred account that difference largely disappears. Both are descriptions of how the two wrappers work, not a recommendation.
Tax-loss harvesting works on either wrapper.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 52 in VIPIX, totalling 100.0% and 74.3% 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 52 in VIPIX, against full books of 508 and 81.
You are not choosing between two funds in isolation.
Whichever of IVV and VIPIX 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 VIPIX?
IVV has an expense ratio of 0.03% while VIPIX charges 0.07%. IVV is the cheaper option, by $4 a year on a $10,000 investment.
Which is riskier, IVV or VIPIX?
IVV has been the more volatile fund at 15.8% annualized versus 6.6% for VIPIX. Worst drawdown: IVV -25.4% vs VIPIX -24.5%.
Should I hold both IVV and VIPIX?
IVV and VIPIX have a monthly-return correlation of 0.65, 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 VIPIX?
IVV yields 1.10% while VIPIX yields 5.21%, so VIPIX currently pays the higher dividend yield.
Is it better to hold VIPIX or IVV in a taxable account?
IVV is an ETF and VIPIX is a mutual fund. An ETF can meet redemptions in kind, so it rarely distributes a capital gain to the people holding it. A mutual fund that sells holdings to meet redemptions can pass a realised gain to every holder at year end. In a tax-deferred account that difference largely disappears. This is information, not a recommendation.
Is VIPIX better than IVV?
IVV has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.