iShares IVV vs. Vanguard VOO

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Both VOO and IVV track the S&P 500 with the same return and expense ratios.
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IVV offers a slightly higher dividend yield and a marginally heavier tech weighting.
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Liquidity, risk and overall portfolio composition are virtually indistinguishable between these two ETFs.
Vanguard S&P 500 ETF (NYSEMKT:VOO) And iShares Core S&P 500 ETF (NYSEMKT:IVV) both provide low-cost imaging S&P 500matching expense ratios, similar performance and dividend yield, with only minor differences in sector allocation.
For investors considering broad U.S. capital coverage, this comparison looks at VOO and IVV, two of the S&P 500 index’s largest and most liquid ETFs. Both aim to replicate the performance of the S&P 500, but the nuances of returns, industry trends and fund size can influence which is more appropriate.
|
Metric |
VOO |
IVV |
|---|---|---|
|
Issuer |
Pioneer |
iShares |
|
expense ratio |
0.03% |
0.03% |
|
1 year return (as of 2026/01/23) |
13.0% |
13.0% |
|
dividend yield |
1.1% |
1.2% |
|
Beta |
1.00 |
1.00 |
|
AUM |
1.5 trillion dollars |
$760.6 billion |
Beta measures price volatility relative to the S&P 500; Beta is calculated from five years of weekly returns. The 1-year return represents the total return over the trailing 12 months.
While both funds are equally affordable and charge a 0.03% expense ratio, IVV offers a slightly higher dividend yield that may appeal to income-oriented investors.
|
Metric |
VOO |
IVV |
|---|---|---|
|
Maximum drawdown (5 years) |
-24.52% |
-24.53% |
|
$1,000 growth in 5 years |
$1,794 |
$1,794 |
IVV has 503 companies and has a track record of 25.7 years. The industry mix leans slightly more towards technology (43%) compared to VOO; Among the largest holdings are: Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL)And Microsoft (NASDAQ:MSFT). The fund mirrors the S&P 500 without any leverage, hedging or other structural quirks.
VOO, by contrast, includes 505 companies and also tracks the S&P 500, but with a slightly lower tech weighting (35%). Its largest positions are similarly concentrated in Nvidia, Apple and Microsoft, providing nearly identical risks for large-capitalization investors.
For more guidance on ETF investing, check out the full guide at: this link.
A great way to grow your stock portfolio is to invest in the S&P 500. Investors looking to do this have a pair of great options in the Vanguard S&P 500 (VOO) and iShares Core S&P 500 (IVV) ETFs. Both offer almost the same performance, costs and beta version.
IVV has a slight edge in dividend yield, while VOO is slightly better in terms of liquidity given its larger assets under management. IVV is a more interesting ETF for investors looking for greater exposure to technology stocks, especially given the burgeoning artificial intelligence industry.


