IYLD vs VOO
iShares Morningstar Multi-Asset Income ETF vs Vanguard S&P 500 ETF
Which is better, IYLD or VOO?
Allocation/Balanced against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 99.6%.
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 | IYLD | VOO |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $126M | $997.4B |
| Dividend Yield | 4.59% | 1.04% |
| Holdings | 19,236 | 509 |
| YTD Return | +2.23% | +12.37%Best |
| 1Y Return | +4.42% | +16.61%Best |
| 3Y Return (annualized) | +8.51% | +21.37%Best |
| 5Y Return (annualized) | +2.49% | +13.49%Best |
| Volatility (annualized) | 9.3%Best | 14.1% |
| Max Drawdown | -30.2%Best | -34.3% |
| $10,000 over 5 years | $11,309 | $18,827Best |
| Top 10 Weight | 99.6% | 37.6%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Apr 3, 2012 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Apr 5, 2012 to Sep 18, 2026 (14.5 years).
IYLD vs VOO 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 14.5 years both funds cover.
IYLD vs VOO Performance
iShares Morningstar Multi-Asset Income ETF (IYLD) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IYLD returned +4.42% while VOO returned +16.61%. Year to date, IYLD is up 2.23% versus a gain of 12.37% for VOO.
Over three years, IYLD compounded at +8.51% per year against +21.37% for VOO; over five years the annualized figures are +2.49% and +13.49% respectively. Across the full 15-year window we track, VOO has the edge at +13.11% annualized vs +3.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.3% for IYLD. 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 -30.2% for IYLD and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IYLD charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, IYLD currently yields 4.59% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 11 holdings in IYLD and 494 in VOO, totalling 99.7% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 11 positions we hold weights for in IYLD and 494 in VOO, against full books of 19,236 and 509.
What only one of them owns
Our book lists 487 positions for VOO that do not appear in our book for IYLD (99.2% of the fund), and 11 for IYLD that do not appear in VOO (99.7%).
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.
You are not choosing between two funds in isolation.
Whichever of IYLD and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IYLD or VOO?
IYLD has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IYLD or VOO?
Over the past year IYLD returned +4.42% vs +16.61% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (15 years), IYLD annualized +3.88% vs +13.11% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IYLD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.3% for IYLD. Worst drawdown: IYLD -30.2% vs VOO -34.3%.
Should I hold both IYLD and VOO?
IYLD and VOO have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IYLD or VOO?
IYLD yields 4.59% while VOO yields 1.04%, so IYLD currently pays the higher dividend yield.
Is VOO better than IYLD?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 99.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.