IVV vs VSMV
iShares Core S&P 500 ETF vs VictoryShares US Multi-Factor Minimum Volatility ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | VSMV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.35% | |
| AUM | $907.0B | $157M | |
| Dividend Yield | 1.10% | 1.34% | |
| Holdings | 508 | 63 | |
| YTD Return | +12.28% | +9.58% | |
| 1Y Return | +20.94% | +19.24% | |
| 3Y Return (annualized) | +21.81% | +16.42% | |
| 5Y Return (annualized) | +13.05% | +10.25% | |
| Volatility (annualized) | 15.1% | 13.1% | |
| Max Drawdown | -56.5% | -31.4% | |
| Fund Family | iShares by BlackRock (US) | Victory Capital Management Inc. | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 21, 2017 |
IVV vs VSMV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is a ETF from Victory Capital Management Inc.. Over the past year IVV returned +20.94% while VSMV returned +19.24%. Year to date, IVV is up 12.28% versus a gain of 9.58% for VSMV.
Over three years, IVV compounded at +21.81% per year against +16.42% for VSMV; over five years the annualized figures are +13.05% and +10.25% respectively. Across the full 9-year window we track, VSMV has the edge at +11.17% annualized vs +6.98%. 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 13.1% for VSMV. 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 -31.4% for VSMV. 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 0.90. 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 VSMV charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.34% for VSMV.
Holdings Overlap
IVV and VSMV share 52 holdings out of 514 unique holdings combined, representing a 17.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or VSMV?
IVV has an expense ratio of 0.03% while VSMV charges 0.35%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVV or VSMV?
Over the past year IVV returned +20.94% vs +19.24% for VSMV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +6.98% vs +11.17% for VSMV. Past performance does not guarantee future results.
Which is riskier, IVV or VSMV?
IVV has been the more volatile fund at 15.1% annualized versus 13.1% for VSMV. Worst drawdown: IVV -56.5% vs VSMV -31.4%.
Should I hold both IVV and VSMV?
IVV and VSMV have a monthly-return correlation of 0.90, 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 VSMV?
IVV and VSMV share 52 common holdings with a 17.5% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, IVV or VSMV?
IVV yields 1.10% while VSMV yields 1.34%, so VSMV currently pays the higher dividend yield.
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