IVV vs VONV
iShares Core S&P 500 ETF vs Vanguard Russell 1000 Value ETF
Quick Verdict
IVV has a lower expense ratio. VONV delivered stronger 1-year returns. VONV offers more diversification with 876 holdings.
Side-by-Side Comparison
| Metric | IVV | VONV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.06% | |
| AUM | $907.0B | $21.5B | |
| Dividend Yield | 1.10% | 1.56% | |
| Holdings | 508 | 876 | |
| YTD Return | +12.71% | +22.16% | |
| 1Y Return | +21.89% | +31.95% | |
| 3Y Return (annualized) | +22.08% | +20.51% | |
| 5Y Return (annualized) | +12.96% | +11.94% | |
| Volatility (annualized) | 15.1% | 14.4% | |
| Max Drawdown | -56.5% | -38.2% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 20, 2010 |
IVV vs VONV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Russell 1000 Value ETF (VONV) is a ETF from Vanguard (US). Over the past year IVV returned +21.89% while VONV returned +31.95%. Year to date, IVV is up 12.71% versus a gain of 22.16% for VONV.
Over three years, IVV compounded at +22.08% per year against +20.51% for VONV; over five years the annualized figures are +12.96% and +11.94% respectively. Across the full 16-year window we track, VONV has the edge at +10.54% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.4% for VONV. 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 -38.2% for VONV. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while VONV charges 0.06%. On a $10,000 position that is $3 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.56% for VONV.
Holdings Overlap
IVV and VONV share 415 holdings out of 960 unique holdings combined, representing a 56.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or VONV?
IVV has an expense ratio of 0.03% while VONV charges 0.06%. IVV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, IVV or VONV?
Over the past year IVV returned +21.89% vs +31.95% for VONV, so VONV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +7.00% vs +10.54% for VONV. Past performance does not guarantee future results.
Which is riskier, IVV or VONV?
IVV has been the more volatile fund at 15.1% annualized versus 14.4% for VONV. Worst drawdown: IVV -56.5% vs VONV -38.2%.
Should I hold both IVV and VONV?
IVV and VONV have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and VONV?
IVV and VONV share 415 common holdings with a 56.2% weight overlap. Combined, they hold 960 unique securities.
Which pays a higher dividend, IVV or VONV?
IVV yields 1.10% while VONV yields 1.56%, so VONV currently pays the higher dividend yield.
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