IVV vs VNQI
iShares Core S&P 500 ETF vs Vanguard Global ex-US Real Estate ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. VNQI offers more diversification with 747 holdings.
Side-by-Side Comparison
| Metric | IVV | VNQI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.12% | |
| AUM | $907.0B | $3.9B | |
| Dividend Yield | 1.10% | 4.62% | |
| Holdings | 508 | 747 | |
| YTD Return | +12.71% | -0.67% | |
| 1Y Return | +21.89% | +1.55% | |
| 3Y Return (annualized) | +22.08% | +9.87% | |
| 5Y Return (annualized) | +12.96% | -0.99% | |
| Volatility (annualized) | 15.1% | 16.3% | |
| Max Drawdown | -56.5% | -38.4% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 1, 2010 |
IVV vs VNQI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Global ex-US Real Estate ETF (VNQI) is a ETF from Vanguard (US). Over the past year IVV returned +21.89% while VNQI returned +1.55%. Year to date, IVV is up 12.71% versus a loss of 0.67% for VNQI.
Over three years, IVV compounded at +22.08% per year against +9.87% for VNQI; over five years the annualized figures are +12.96% and -0.99% respectively. Across the full 16-year window we track, IVV has the edge at +7.00% annualized vs +3.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VNQI has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -38.4% for VNQI. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while VNQI charges 0.12%. On a $10,000 position that is $3 vs $12 annually, a gap of $9 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.62% for VNQI.
Holdings Overlap
IVV and VNQI share 0 holdings out of 1211 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 VNQI?
IVV has an expense ratio of 0.03% while VNQI charges 0.12%. IVV is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, IVV or VNQI?
Over the past year IVV returned +21.89% vs +1.55% for VNQI, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.00% vs +3.36% for VNQI. Past performance does not guarantee future results.
Which is riskier, IVV or VNQI?
VNQI has been the more volatile fund at 16.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs VNQI -38.4%.
Should I hold both IVV and VNQI?
IVV and VNQI have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VNQI?
IVV and VNQI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1211 unique securities.
Which pays a higher dividend, IVV or VNQI?
IVV yields 1.10% while VNQI yields 4.62%, so VNQI currently pays the higher dividend yield.
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