IVV vs VTCIX
iShares Core S&P 500 ETF vs Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
Quick Verdict
IVV delivered stronger 1-year returns. VTCIX offers more diversification with 836 holdings.
Side-by-Side Comparison
| Metric | IVV | VTCIX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $907.0B | $5.2B | |
| Dividend Yield | 1.10% | 0.93% | |
| Holdings | 508 | 836 | |
| YTD Return | +12.71% | +11.54% | |
| 1Y Return | +21.89% | +19.63% | |
| 3Y Return (annualized) | +22.08% | +20.07% | |
| 5Y Return (annualized) | +12.96% | +10.90% | |
| Volatility (annualized) | 15.1% | 16.1% | |
| Max Drawdown | -56.5% | -26.0% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 24, 1999 |
IVV vs VTCIX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is a mutual fund from Vanguard (US). Over the past year IVV returned +21.89% while VTCIX returned +19.63%. Year to date, IVV is up 12.71% versus a gain of 11.54% for VTCIX.
Over three years, IVV compounded at +22.08% per year against +20.07% for VTCIX; over five years the annualized figures are +12.96% and +10.90% respectively. Across the full 5-year window we track, VTCIX has the edge at +10.90% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTCIX has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% 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 -56.5% for IVV and -26.0% for VTCIX. 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 0.99. 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 VTCIX charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.10% against 0.93% for VTCIX.
Holdings Overlap
IVV and VTCIX share 466 holdings out of 864 unique holdings combined, representing a 83.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or VTCIX?
IVV has an expense ratio of 0.03% while VTCIX charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or VTCIX?
Over the past year IVV returned +21.89% vs +19.63% for VTCIX, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs +10.90% for VTCIX. Past performance does not guarantee future results.
Which is riskier, IVV or VTCIX?
VTCIX has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs VTCIX -26.0%.
Should I hold both IVV and VTCIX?
IVV and VTCIX have a monthly-return correlation of 0.99, 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 VTCIX?
IVV and VTCIX share 466 common holdings with a 83.7% weight overlap. Combined, they hold 864 unique securities.
Which pays a higher dividend, IVV or VTCIX?
IVV yields 1.10% while VTCIX yields 0.93%, so IVV currently pays the higher dividend yield.
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