IVV vs VWOB
iShares Core S&P 500 ETF vs Vanguard Emerging Markets Government Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | VWOB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $6.3B | |
| Dividend Yield | 1.09% | 5.81% | |
| Holdings | 508 | 903 | |
| YTD Return | +14.50% | +1.15% | |
| 1Y Return | +22.02% | +5.32% | |
| 3Y Return (annualized) | +21.80% | +8.94% | |
| 5Y Return (annualized) | +13.37% | +1.81% | |
| Volatility (annualized) | 15.1% | 8.6% | |
| Max Drawdown | -56.5% | -28.0% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 31, 2013 |
IVV vs VWOB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Emerging Markets Government Bond ETF (VWOB) is a ETF from Vanguard (US). Over the past year IVV returned +22.02% while VWOB returned +5.32%. Year to date, IVV is up 14.50% versus a gain of 1.15% for VWOB.
Over three years, IVV compounded at +21.80% per year against +8.94% for VWOB; over five years the annualized figures are +13.37% and +1.81% respectively. Across the full 13-year window we track, IVV has the edge at +7.07% annualized vs +0.80%. 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 8.6% for VWOB. 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 -28.0% for VWOB. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while VWOB charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.81% for VWOB.
Holdings Overlap
IVV and VWOB share 0 holdings out of 881 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 VWOB?
IVV has an expense ratio of 0.03% while VWOB charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or VWOB?
Over the past year IVV returned +22.02% vs +5.32% for VWOB, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.07% vs +0.80% for VWOB. Past performance does not guarantee future results.
Which is riskier, IVV or VWOB?
IVV has been the more volatile fund at 15.1% annualized versus 8.6% for VWOB. Worst drawdown: IVV -56.5% vs VWOB -28.0%.
Should I hold both IVV and VWOB?
IVV and VWOB have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VWOB?
IVV and VWOB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 881 unique securities.
Which pays a higher dividend, IVV or VWOB?
IVV yields 1.09% while VWOB yields 5.81%, so VWOB currently pays the higher dividend yield.
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