Data as of Oct 28, 2026.

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IBB vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IBB returned +37.5% to VOO's +13.7%, and VOO charges 0.03% to IBB's 0.44%.

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Net assets: $11.0bn on Oct 27, 2026 for iShares Biotechnology ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

At a glance
+37.5%
IBB total return, 1 year
+13.7%
VOO total return, 1 year
0.44%
IBB expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 0.41 points a year less; their one-year returns differ by 23.8 points; VOO is far larger, $1.0tn against $11.2bn.

IBB vs VOO: Differences, Returns & Fees
MeasureIBBVOO
Return
Total return, 1 year+37.5%+13.7%
Benchmark
What it tracksBiotechS&P 500 Index
Cost and size
Expense ratio0.44%0.03%
Net assets, as of Sep 30, 2026$11.2bn$1.0tn
Active share vs the S&P 50099%
Holdings
Holdings in common1%
Top ten holdings, share of the fund50%39.1%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
IBB VOO
Return
Total return edge VOO +658.8% +804.0%
Annualized edge VOO (slight) +13.4% +14.6%
Price return edge IBB (slight) +628.8% +575.9%
Risk
Volatility edge VOO 22.7% 15.9%
Max drawdown edge VOO −37.5% −31.8%
Risk-adjusted
Sharpe edge VOO 0.60 0.84
Sortino edge VOO 0.88 1.22
Calmar edge VOO 0.36 0.46
Reading

VOO returned more: +804.0% to +658.8%. VOO swung less: 15.9% to 22.7%. VOO fell less at its worst: −31.8% to −37.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IBB vs VOO: Differences, Returns & Fees
MeasureIBBVOOEdgeHow it is measured
Return
Total return+658.8%+804.0%VOOPrice change plus distributions, reinvested.
Annualized+13.4%+14.6%VOO (slight)Total return as a yearly rate.
Price return+628.8%+575.9%IBB (slight)Price change alone, distributions left out.
Risk
Volatility22.7%15.9%VOOSpread of weekly returns, annualized. Lower is steadier.
Downside deviation15.5%10.9%VOOLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−37.5%−31.8%VOODeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.600.84VOOReturn above Treasury bills per unit of volatility.
Sortino0.881.22VOOReturn above Treasury bills per unit of downside deviation.
Calmar0.360.46VOOAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

1%

By the books each fund has filed, IBB and VOO hold 1% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first IBB VOO
AMGEN INC 8.20% 0.35%
GILEAD SCIENCES 8.56% 0.28%
VERTEX PHARMACEUTICALS 7.53% 0.20%
REGENERON PHARMACEUTICALS 5.64% 0.11%
MODERNA 5.29% 0.11%
ILLUMINA INC 2.93% 0.06%
BIOGEN 2.58% 0.05%
INCYTE CORP 1.63% 0.03%
CHARLES RIVER LABORATORIES INTERNA 1.18% 0.02%
BIO TECHNE 0.79% 0.02%
Only in one fund ↓
Only in IBB
NATERA 3.85%
ARGENX SE ADR 3.42%
REVOLUTION MEDICINES 2.50%
BEONE MEDICINES AG 2.15%
ALNYLAM PHARMACEUTICALS 2.11%
GENMAB SPONSORED ADR 1.72%
UNITED THERAPEUTICS 1.71%
INSMED 1.42%
Only in VOO
NVIDIA Corp 8.40%
Apple Inc 7.39%
Microsoft Corp 5.79%
Amazon.com Inc 3.72%
Alphabet Inc 3.07%
Broadcom Inc 2.54%
Alphabet Inc 2.46%
Meta Platforms Inc 2.43%
Check overlap with more funds →

Side by side

IBB iShares Biotechnology ETF VOO Vanguard S&P 500 ETF
Where it sits Thematic ETF Stock ETF
What it is Biotech Tracks the S&P 500
Total return, 1 year +37.5% +13.7%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured 0.0 pts vs IVV
Expense ratio 0.44% 0.03%
Already in the S&P 500 40.2% 99.7%
Holdings 245 507
Net assets, IBB as of Oct 27, 2026 and VOO as of Sep 30, 2026 $11.0bn $1.0tn

IBB and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-6733911330

IBB and VOO do different jobs. What does each one do in a portfolio?

  1. What each follows. IBB follows Biotech and VOO follows S&P 500 Index.
  2. Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 IBB returned +37.5% and VOO +13.7% with distributions reinvested, a gap of 23.8 points.

Data as of Oct 28, 2026.

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About each fund
IBB

By weight, 40% of IBB's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 50% of the fund across 245 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +37.5% with distributions reinvested.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Are IBB and VOO in the same category?
IBB is a thematic ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IBB or VOO?
In the year to Oct 28, 2026, with distributions reinvested, IBB returned +37.5% and VOO +13.7%.
Which is cheaper, IBB or VOO?
VOO is cheaper, by 0.41 percentage points a year. That is about $41 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IBB and VOO overlap with the S&P 500?
By their latest filed holdings, 40% of IBB and 100% of VOO by weight is stocks the S&P 500 already holds.
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ETFIQ, IBB against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ibb-vs-voo

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