IVV vs VWIUX
iShares Core S&P 500 ETF vs Vanguard Intermediate Term Tax-Exempt Fund admiral class
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. VWIUX offers more diversification with 15,066 holdings.
Side-by-Side Comparison
| Metric | IVV | VWIUX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $907.0B | $86.4B | |
| Dividend Yield | 1.10% | 3.13% | |
| Holdings | 508 | 15,066 | |
| YTD Return | +12.71% | -1.67% | |
| 1Y Return | +21.89% | +0.97% | |
| 3Y Return (annualized) | +22.08% | +0.65% | |
| 5Y Return (annualized) | +12.96% | -1.79% | |
| Volatility (annualized) | 15.1% | 5.4% | |
| Max Drawdown | -56.5% | -16.1% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Tax Preferred | |
| Inception | May 15, 2000 | Feb 12, 2001 |
IVV vs VWIUX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Intermediate Term Tax-Exempt Fund admiral class (VWIUX) is a mutual fund from Vanguard (US). Over the past year IVV returned +21.89% while VWIUX returned +0.97%. Year to date, IVV is up 12.71% versus a loss of 1.67% for VWIUX.
Over three years, IVV compounded at +22.08% per year against +0.65% for VWIUX; over five years the annualized figures are +12.96% and -1.79% respectively. Across the full 5-year window we track, IVV has the edge at +7.00% annualized vs -1.79%. 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 5.4% for VWIUX. 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 -16.1% for VWIUX. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while VWIUX charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.13% for VWIUX.
Holdings Overlap
IVV and VWIUX share 0 holdings out of 2268 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 VWIUX?
IVV has an expense ratio of 0.03% while VWIUX charges 0.09%. IVV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, IVV or VWIUX?
Over the past year IVV returned +21.89% vs +0.97% for VWIUX, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.00% vs -1.79% for VWIUX. Past performance does not guarantee future results.
Which is riskier, IVV or VWIUX?
IVV has been the more volatile fund at 15.1% annualized versus 5.4% for VWIUX. Worst drawdown: IVV -56.5% vs VWIUX -16.1%.
Should I hold both IVV and VWIUX?
IVV and VWIUX have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VWIUX?
IVV and VWIUX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2268 unique securities.
Which pays a higher dividend, IVV or VWIUX?
IVV yields 1.10% while VWIUX yields 3.13%, so VWIUX currently pays the higher dividend yield.
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