IVV vs VOOV
iShares Core S&P 500 ETF vs Vanguard S&P 500 Value ETF
Which is better, IVV or VOOV?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VOOV is less concentrated, with 23.6% of the fund in its ten largest positions against 37.8%.
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 | VOOV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.07% |
| AUM | $876.4B | $6.8B |
| Dividend Yield | 1.06% | 1.66% |
| Holdings | 508 | 444 |
| YTD Return | +12.27%Best | +10.74% |
| 1Y Return | +17.04%Best | +16.25% |
| 3Y Return (annualized) | +21.24%Best | +15.42% |
| 5Y Return (annualized) | +13.08%Best | +11.76% |
| Volatility (annualized) | 14.1%Best | 14.3% |
| Max Drawdown | -33.9%Best | -37.7% |
| $10,000 over 5 years | $18,490Best | $17,435 |
| Top 10 Weight | 37.8% | 23.6%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large 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 17, 2026 (16 years).
IVV vs VOOV 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 VOOV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 Value ETF (VOOV) is an ETF from Vanguard (US). Over the past year IVV returned +17.04% while VOOV returned +16.25%. Year to date, IVV is up 12.27% versus a gain of 10.74% for VOOV.
Over three years, IVV compounded at +21.24% per year against +15.42% for VOOV; over five years the annualized figures are +13.08% and +11.76% respectively. Across the full 16-year window we track, IVV has the edge at +13.34% annualized vs +10.52%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOOV has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -37.7% for VOOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOOV 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 1.06% against 1.66% for VOOV.
Holdings Overlap
59.9% of IVV's money is in holdings VOOV also owns. 96.8% of VOOV's money is in holdings IVV also owns.
Most of VOOV is already inside IVV. Owning both mostly buys the same companies twice.
411 positions in common, counted across the 490 positions we hold weights for in IVV and 431 in VOOV, against full books of 508 and 444.
What only one of them owns
Our book lists 19 positions for VOOV that do not appear in our book for IVV (2.2% of the fund), and 74 for IVV that do not appear in VOOV (39.0%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in VOOV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 7.68% | 0.66% |
| AMZNAmazon.Com Inc | 3.84% | 4.23% | 0.39% |
| XOMExxon Mobil Corp. | 1.01% | 2.18% | 1.17% |
| TSLATesla Inc | 1.56% | 1.13% | 0.43% |
| JPMJpmorgan Chase | 1.44% | 1.02% | 0.42% |
| WMTWalmart, Inc. | 0.69% | 1.65% | 0.96% |
| INTCIntel Corporation | 0.67% | 1.44% | 0.77% |
| COSTCostco Wholesale Corp. | 0.63% | 1.43% | 0.80% |
| BACBank of America Corp.: Financials | 0.61% | 1.37% | 0.76% |
| VVisa Inc Class A | 0.95% | 0.93% | 0.02% |
96.8% of VOOV is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or VOOV?
IVV has an expense ratio of 0.03% while VOOV charges 0.07%. IVV is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, IVV or VOOV?
Over the past year IVV returned +17.04% vs +16.25% for VOOV, so IVV leads on 1-year performance. Over the longest common window we track (16 years), IVV annualized +13.34% vs +10.52% for VOOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VOOV?
VOOV has been the more volatile fund at 14.3% annualized versus 14.1% for IVV. Worst drawdown: IVV -33.9% vs VOOV -37.7%.
Should I hold both IVV and VOOV?
IVV and VOOV have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and VOOV?
96.8% of VOOV's money is in holdings IVV also owns. 96.8% of VOOV's is in holdings IVV also owns. They hold 411 positions in common, counted across the 490 positions we hold weights for in IVV and 431 in VOOV.
Which pays a higher dividend, IVV or VOOV?
IVV yields 1.06% while VOOV yields 1.66%, so VOOV currently pays the higher dividend yield.
Is VOOV better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. VOOV is less concentrated, with 23.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.