IVV vs VRIG
iShares Core S&P 500 ETF vs Invesco Variable Rate Investment Grade ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | VRIG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.30% | |
| AUM | $865.2B | $1.8B | |
| Dividend Yield | 1.09% | 4.71% | |
| Holdings | 508 | 364 | |
| YTD Return | +13.43% | +2.62% | |
| 1Y Return | +22.61% | +4.65% | |
| 3Y Return (annualized) | +21.47% | +5.73% | |
| 5Y Return (annualized) | +13.26% | +4.57% | |
| Volatility (annualized) | 15.1% | 3.4% | |
| Max Drawdown | -56.5% | -14.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 20, 2016 |
IVV vs VRIG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Variable Rate Investment Grade ETF (VRIG) is a ETF from Invesco (US). Over the past year IVV returned +22.61% while VRIG returned +4.65%. Year to date, IVV is up 13.43% versus a gain of 2.62% for VRIG.
Over three years, IVV compounded at +21.47% per year against +5.73% for VRIG; over five years the annualized figures are +13.26% and +4.57% respectively. Across the full 10-year window we track, IVV has the edge at +7.03% annualized vs +2.37%. 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 3.4% for VRIG. 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 -14.3% for VRIG. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while VRIG charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.71% for VRIG.
Holdings Overlap
IVV and VRIG share 0 holdings out of 811 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 VRIG?
IVV has an expense ratio of 0.03% while VRIG charges 0.30%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, IVV or VRIG?
Over the past year IVV returned +22.61% vs +4.65% for VRIG, so IVV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.03% vs +2.37% for VRIG. Past performance does not guarantee future results.
Which is riskier, IVV or VRIG?
IVV has been the more volatile fund at 15.1% annualized versus 3.4% for VRIG. Worst drawdown: IVV -56.5% vs VRIG -14.3%.
Should I hold both IVV and VRIG?
IVV and VRIG have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VRIG?
IVV and VRIG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 811 unique securities.
Which pays a higher dividend, IVV or VRIG?
IVV yields 1.09% while VRIG yields 4.71%, so VRIG currently pays the higher dividend yield.
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