IVOV vs VOO
IVOV vs VOO
Vanguard S&P Mid-Cap 400 Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. IVOV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVOV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.10% | 0.03% | |
| AUM | $1.3B | $979.0B | |
| Dividend Yield | 1.81% | 1.09% | |
| Holdings | 307 | 509 | |
| YTD Return | +13.16% | +13.11% | |
| 1Y Return | +23.08% | +22.88% | |
| 3Y Return (annualized) | +12.67% | +21.08% | |
| 5Y Return (annualized) | +9.14% | +13.26% | |
| Volatility (annualized) | 18.3% | 14.1% | |
| Max Drawdown | -46.0% | -34.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 7, 2010 | Sep 7, 2010 |
IVOV vs VOO Performance
Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IVOV returned +23.08% while VOO returned +22.88%. Year to date, IVOV is up 13.16% versus a gain of 13.11% for VOO.
Over three years, IVOV compounded at +12.67% per year against +21.08% for VOO; over five years the annualized figures are +9.14% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.54% annualized vs +11.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVOV has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 14.1% for VOO. 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 -46.0% for IVOV and -34.3% for VOO. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVOV charges 0.10% per year while VOO charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, IVOV currently yields 1.81% against 1.09% for VOO.
Holdings Overlap
IVOV and VOO share 0 holdings out of 803 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, IVOV or VOO?
IVOV has an expense ratio of 0.10% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, IVOV or VOO?
Over the past year IVOV returned +23.08% vs +22.88% for VOO, so IVOV leads on 1-year performance. Over the longest common window we track (16 years), IVOV annualized +11.79% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, IVOV or VOO?
IVOV has been the more volatile fund at 18.3% annualized versus 14.1% for VOO. Worst drawdown: IVOV -46.0% vs VOO -34.3%.
Should I hold both IVOV and VOO?
IVOV and VOO have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVOV and VOO?
IVOV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 803 unique securities.
Which pays a higher dividend, IVOV or VOO?
IVOV yields 1.81% while VOO yields 1.09%, so IVOV currently pays the higher dividend yield.
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