IVV vs VTV
iShares Core S&P 500 ETF vs Vanguard Morningstar Value ETF
Quick Verdict
VTV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | VTV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $907.0B | $187.8B | |
| Dividend Yield | 1.10% | 1.85% | |
| Holdings | 508 | 311 | |
| YTD Return | +12.71% | +18.65% | |
| 1Y Return | +21.89% | +27.73% | |
| 3Y Return (annualized) | +22.08% | +19.75% | |
| 5Y Return (annualized) | +12.96% | +12.58% | |
| Volatility (annualized) | 15.1% | 14.5% | |
| Max Drawdown | -56.5% | -61.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 26, 2004 |
IVV vs VTV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Morningstar Value ETF (VTV) is a ETF from Vanguard (US). Over the past year IVV returned +21.89% while VTV returned +27.73%. Year to date, IVV is up 12.71% versus a gain of 18.65% for VTV.
Over three years, IVV compounded at +22.08% per year against +19.75% for VTV; over five years the annualized figures are +12.96% and +12.58% respectively. Across the full 23-year window we track, VTV has the edge at +7.62% annualized vs +7.00%. 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 14.5% for VTV. 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 -61.3% for VTV. 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 0.94. 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 VTV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.10% against 1.85% for VTV.
Holdings Overlap
IVV and VTV share 287 holdings out of 526 unique holdings combined, representing a 42.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or VTV?
IVV has an expense ratio of 0.03% while VTV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IVV or VTV?
Over the past year IVV returned +21.89% vs +27.73% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +7.00% vs +7.62% for VTV. Past performance does not guarantee future results.
Which is riskier, IVV or VTV?
IVV has been the more volatile fund at 15.1% annualized versus 14.5% for VTV. Worst drawdown: IVV -56.5% vs VTV -61.3%.
Should I hold both IVV and VTV?
IVV and VTV have a monthly-return correlation of 0.94, 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 VTV?
IVV and VTV share 287 common holdings with a 42.0% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, IVV or VTV?
IVV yields 1.10% while VTV yields 1.85%, so VTV currently pays the higher dividend yield.
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