IVV vs VNM
iShares Core S&P 500 ETF vs VanEck Vietnam ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | VNM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.66% | |
| AUM | $907.0B | $490M | |
| Dividend Yield | 1.10% | 0.23% | |
| Holdings | 508 | 58 | |
| YTD Return | +14.29% | -10.20% | |
| 1Y Return | +21.79% | -3.38% | |
| 3Y Return (annualized) | +22.19% | +5.97% | |
| 5Y Return (annualized) | +13.28% | -1.44% | |
| Volatility (annualized) | 15.1% | 24.1% | |
| Max Drawdown | -56.5% | -62.7% | |
| Fund Family | iShares by BlackRock (US) | VanEck | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 11, 2009 |
IVV vs VNM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and VanEck Vietnam ETF (VNM) is a ETF from VanEck. Over the past year IVV returned +21.79% while VNM returned -3.38%. Year to date, IVV is up 14.29% versus a loss of 10.20% for VNM.
Over three years, IVV compounded at +22.19% per year against +5.97% for VNM; over five years the annualized figures are +13.28% and -1.44% respectively. Across the full 17-year window we track, IVV has the edge at +7.06% annualized vs -0.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VNM has been the more volatile fund, with annualized monthly volatility of 24.1% 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 -62.7% for VNM. 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 VNM charges 0.66%. On a $10,000 position that is $3 vs $66 annually, a gap of $63 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.23% for VNM.
Holdings Overlap
IVV and VNM share 0 holdings out of 560 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 VNM?
IVV has an expense ratio of 0.03% while VNM charges 0.66%. IVV is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, IVV or VNM?
Over the past year IVV returned +21.79% vs -3.38% for VNM, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.06% vs -0.80% for VNM. Past performance does not guarantee future results.
Which is riskier, IVV or VNM?
VNM has been the more volatile fund at 24.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs VNM -62.7%.
Should I hold both IVV and VNM?
IVV and VNM 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 VNM?
IVV and VNM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, IVV or VNM?
IVV yields 1.10% while VNM yields 0.23%, so IVV currently pays the higher dividend yield.
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