IVV vs VPX
iShares Core S&P 500 ETF vs Variant Perception Cycle Aware US Equity ETF
Which is better, IVV or VPX?
IVV costs less.
IVV has a lower expense ratio. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.2%.
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 | VPX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.75% |
| AUM | $876.4B | $55M |
| Dividend Yield | 1.06% | 0.00% |
| Holdings | 508 | 125 |
| YTD Return | +13.23% | +28.44%Best |
| 1Y Return | +17.38% | - |
| 3Y Return (annualized) | +22.67% | - |
| 5Y Return (annualized) | +13.13% | - |
| Top 10 Weight | 37.8%Best | 40.2% |
| Fund Family | iShares by BlackRock (US) | Variant Perception, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Mar 11, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs VPX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs VPX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Variant Perception Cycle Aware US Equity ETF (VPX) is an ETF from Variant Perception, LLC. Year to date, IVV is up 13.23% versus a gain of 28.44% for VPX.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while VPX charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.00% for VPX.
Holdings Overlap
54.0% of IVV's money is in holdings VPX also owns. 97.0% of VPX's money is in holdings IVV also owns.
Most of VPX is already inside IVV. Owning both mostly buys the same companies twice.
119 positions in common, counted across the 490 positions we hold weights for in IVV and 127 in VPX, against full books of 508 and 125.
What only one of them owns
Our book lists 4 positions for VPX that do not appear in our book for IVV (1.1% of the fund), and 363 for IVV that do not appear in VPX (44.6%).
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 VPX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 5.06% | 3.01% |
| AAPLApple, Inc | 7.02% | 4.08% | 2.94% |
| GOOGLAlphabet Inc,class A | 3.00% | 4.84% | 1.84% |
| AVGOBroadcom Inc | 2.65% | 4.99% | 2.34% |
| METAMeta Platforms Inc | 1.90% | 5.13% | 3.23% |
| MUMicron Technology, Inc. | 1.63% | 4.00% | 2.37% |
| XOMExxon Mobil Corp. | 1.01% | 3.63% | 2.62% |
| JPMJpmorgan Chase | 1.44% | 3.05% | 1.61% |
| AMDAdvanced Micro Devices Inc | 1.16% | 2.81% | 1.65% |
| CVXChevron Corp | 0.58% | 2.58% | 2.00% |
97.0% of VPX 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 VPX?
IVV has an expense ratio of 0.03% while VPX charges 0.75%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
What is the holdings overlap between IVV and VPX?
97.0% of VPX's money is in holdings IVV also owns. 97.0% of VPX's is in holdings IVV also owns. They hold 119 positions in common, counted across the 490 positions we hold weights for in IVV and 127 in VPX.
Which pays a higher dividend, IVV or VPX?
IVV yields 1.06% while VPX yields 0.00%, so IVV currently pays the higher dividend yield.
Is VPX better than IVV?
IVV has a lower expense ratio. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 40.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.