IVV vs VV
iShares Core S&P 500 ETF vs Vanguard Morningstar Large-Cap ETF
Which is better, IVV or VV?
Each has led over a different period.
IVV led over 1Y and 5Y, VV over 3Y and the full window. The two have moved almost in lockstep, correlation 1.00. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 38.0%.
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 | VV |
|---|---|---|
| Expense Ratio | 0.03%Tie | 0.03%Tie |
| AUM | $876.4B | $52.6B |
| Dividend Yield | 1.06% | 0.99% |
| Holdings | 508 | 437 |
| YTD Return | +12.01%Best | +11.96% |
| 1Y Return | +16.48%Best | +16.16% |
| 3Y Return (annualized) | +21.21% | +21.42%Best |
| 5Y Return (annualized) | +12.95%Best | +12.57% |
| Volatility (annualized) | 14.6%Best | 14.8% |
| Max Drawdown | -56.5% | -56.0%Best |
| $10,000 over 5 years | $18,384Best | $18,076 |
| Top 10 Weight | 37.8%Best | 38.0% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Jan 27, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 14, 2026 (22.6 years).
IVV vs VV 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 covers the 22.6 years both funds cover.
IVV vs VV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year IVV returned +16.48% while VV returned +16.16%. Year to date, IVV is up 12.01% versus a gain of 11.96% for VV.
Over three years, IVV compounded at +21.21% per year against +21.42% for VV; over five years the annualized figures are +12.95% and +12.57% respectively. Across the full 23-year window we track, VV has the edge at +9.41% annualized vs +9.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VV has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.6% 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 -56.0% for VV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. 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 VV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, IVV currently yields 1.06% against 0.99% for VV.
Holdings Overlap
95.8% of IVV's money is in holdings VV also owns. 96.4% of VV's money is in holdings IVV also owns.
Most of VV is already inside IVV. Owning both mostly buys the same companies twice.
378 positions in common, counted across the 490 positions we hold weights for in IVV and 431 in VV, against full books of 508 and 437.
What only one of them owns
Our book lists 43 positions for VV that do not appear in our book for IVV (2.8% of the fund), and 105 for IVV that do not appear in VV (2.9%).
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 VV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 7.31% | 0.76% |
| AAPLApple, Inc | 7.02% | 7.18% | 0.16% |
| MSFTMicrosoft Corp | 5.69% | 5.47% | 0.22% |
| AMZNAmazon.Com Inc | 3.84% | 4.16% | 0.32% |
| GOOGLAlphabet Inc,class A | 3.00% | 3.31% | 0.31% |
| AVGOBroadcom Inc | 2.65% | 2.92% | 0.27% |
| GOOGAlphabet Inc | 2.39% | 2.64% | 0.25% |
| METAMeta Platforms Inc | 1.90% | 1.94% | 0.04% |
| MUMicron Technology, Inc. | 1.63% | 1.47% | 0.16% |
| TSLATesla Inc | 1.56% | 1.39% | 0.17% |
96.4% of VV 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 VV?
IVV has an expense ratio of 0.03% while VV charges 0.03%. At the precision these are quoted to, they cost the same.
Which performed better, IVV or VV?
Over the past year IVV returned +16.48% vs +16.16% for VV, so IVV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +9.16% vs +9.41% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or VV?
VV has been the more volatile fund at 14.8% annualized versus 14.6% for IVV. Worst drawdown: IVV -56.5% vs VV -56.0%.
Should I hold both IVV and VV?
IVV and VV have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and VV?
96.4% of VV's money is in holdings IVV also owns. 96.4% of VV's is in holdings IVV also owns. They hold 378 positions in common, counted across the 490 positions we hold weights for in IVV and 431 in VV.
Which pays a higher dividend, IVV or VV?
IVV yields 1.06% while VV yields 0.99%, so IVV currently pays the higher dividend yield.
Is VV better than IVV?
IVV led over 1Y and 5Y, VV over 3Y and the full window. The two have moved almost in lockstep, correlation 1.00. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.