IVOO vs IVV
IVOO vs IVV
Vanguard S&P Mid-Cap 400 ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVOO delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVOO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $3.8B | $865.2B | |
| Dividend Yield | 1.46% | 1.09% | |
| Holdings | 409 | 508 | |
| YTD Return | +16.87% | +13.80% | |
| 1Y Return | +26.03% | +23.70% | |
| 3Y Return (annualized) | +14.88% | +21.49% | |
| 5Y Return (annualized) | +9.08% | +13.43% | |
| Volatility (annualized) | 16.9% | 15.1% | |
| Max Drawdown | -42.5% | -56.5% | |
| Fund Family | Vanguard (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | May 15, 2000 |
IVOO vs IVV Performance
Vanguard S&P Mid-Cap 400 ETF (IVOO) is a ETF from Vanguard (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IVOO returned +26.03% while IVV returned +23.70%. Year to date, IVOO is up 16.87% versus a gain of 13.80% for IVV.
Over three years, IVOO compounded at +14.88% per year against +21.49% for IVV; over five years the annualized figures are +9.08% and +13.43% respectively. Across the full 16-year window we track, IVOO has the edge at +11.48% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVOO has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 15.1% 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 -42.5% for IVOO and -56.5% for IVV. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVOO charges 0.07% per year while IVV charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, IVOO currently yields 1.46% against 1.09% for IVV.
Holdings Overlap
IVOO and IVV share 0 holdings out of 906 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, IVOO or IVV?
IVOO has an expense ratio of 0.07% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, IVOO or IVV?
Over the past year IVOO returned +26.03% vs +23.70% for IVV, so IVOO leads on 1-year performance. Over the longest common window we track (16 years), IVOO annualized +11.48% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, IVOO or IVV?
IVOO has been the more volatile fund at 16.9% annualized versus 15.1% for IVV. Worst drawdown: IVOO -42.5% vs IVV -56.5%.
Should I hold both IVOO and IVV?
IVOO and IVV have a monthly-return correlation of 0.91, 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 IVOO and IVV?
IVOO and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 906 unique securities.
Which pays a higher dividend, IVOO or IVV?
IVOO yields 1.46% while IVV yields 1.09%, so IVOO currently pays the higher dividend yield.
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