Data as of Oct 28, 2026.

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IVV vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IVV and VOO finished level, +13.7% against +13.7%, and they share 96% of their weight.

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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

At a glance
+13.7%
IVV total return, 1 year
+13.7%
VOO total return, 1 year
0.03%
IVV expense ratio
0.03%
VOO expense ratio

Pair scorecard

Both cost 0.03% a year; both returned +13.7% over a year; VOO is 1.1 times larger.

Points (pts) are percentage points.

IVV vs VOO: Differences, Returns & Fees
MeasureIVVVOO
Return
Total return, 1 year+13.7%+13.7%
Benchmark
What it tracksS&P 500S&P 500 Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$881.3bn$1.0tn
Holdings
Holdings in common96%
Top ten holdings, share of the fund38.1%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
IVV VOO
Return
Total return edge Tie +801.9% +804.0%
Annualized edge Tie +14.6% +14.6%
Price return edge Tie +572.8% +575.9%
Risk
Volatility edge Tie 16.0% 15.9%
Max drawdown edge Tie −31.8% −31.8%
Downside capture 99.7% 99.9%
Beta 0.99 1.00
Risk-adjusted
Sharpe edge Tie 0.83 0.84
Sortino edge Tie 1.21 1.22
Treynor 0.081 0.134
Calmar edge Tie 0.46 0.46
Against the benchmark
Alpha +0.1% a year 0.0% a year
Alpha t-stat 0.33 0.51
Information ratio 0.00 0.02
Tracking error 1.2% 0.4%

Each against its own benchmark: IVV against SPY, May 26, 2000 to Oct 23, 2026; VOO against IVV, Sep 17, 2010 to Oct 23, 2026.

Reading

IVV and VOO returned about the same: +801.9% and +804.0%. IVV and VOO swung about the same: 16.0% and 15.9%. IVV and VOO fell about the same at their worst: −31.8% and −31.8%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: IVV vs VOO: Differences, Returns & Fees
MeasureIVVVOOEdgeHow it is measured
Return
Total return+801.9%+804.0%TiePrice change plus distributions, reinvested.
Annualized+14.6%+14.6%TieTotal return as a yearly rate.
Price return+572.8%+575.9%TiePrice change alone, distributions left out.
Risk
Volatility16.0%15.9%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation11.0%10.9%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−31.8%−31.8%TieDeepest fall from a high to the low after it.
Upside capture99.3%99.8%Share of its benchmark's rise caught in the weeks it rose.
Downside capture99.7%99.9%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.991.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared1.001.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.830.84TieReturn above Treasury bills per unit of volatility.
Sortino1.211.22TieReturn above Treasury bills per unit of downside deviation.
Treynor0.0810.134Return above Treasury bills per unit of beta.
Calmar0.460.46TieAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkSPYIVVThe ETF each fund is measured against.
Alpha+0.1% a year0.0% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.330.51Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.4% to +0.5%−0.1% to +0.2%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.000.02Return against its benchmark per unit of tracking error.
Tracking error1.2%0.4%Not an edgeHow far weekly returns stray from the benchmark, annualized.

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

96%

By the books each fund has filed, IVV and VOO hold 96% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

96% in common

Positions both hold · largest shared weight first IVV VOO
NVIDIA 7.92% 8.40%
APPLE 7.61% 7.39%
MICROSOFT 5.93% 5.79%
AMAZON.COM INC 3.73% 3.72%
ALPHABET CLASS A 2.83% 3.07%
BROADCOM INC 2.45% 2.54%
ALPHABET CLASS C 2.26% 2.46%
META PLATFORMS CLASS A 2.05% 2.43%
MICRON TECHNOLOGY 1.57% 1.83%
TESLA INC 1.73% 1.52%
BERKSHIRE HATHAWAY INC CLASS B 1.52% 1.41%
ELI LILLY 1.54% 1.41%
Only in one fund ↓
Only in IVV
VYLOR 0.07%
TWILIO CLASS A 0.06%
HOLOGIC INC 0.00%
S&P500 EMINI DEC 26 0.00%
SKYDANCE EQUITY WARRANTS EXP TH OC 0.00%
Only in VOO
Warner Bros Discovery Inc 0.12%
Corteva Inc 0.08%
MKTLIQ 0.05%
Ingersoll Rand Inc 0.04%
ABIOMED INC-CVR 0.00%
HOLOGIC INC - CVR (APRIL 2026) 0.00%
SLBBH1142 0.00%
Check overlap with more funds →

Side by side

IVV iShares Core S&P 500 ETF VOO Vanguard S&P 500 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P 500 Tracks the S&P 500
Total return, 1 year +13.7% +13.7%
Its benchmark over the same days +13.6% (SPY) +13.7% (IVV)
Gap to its benchmark +0.1 pts vs SPY 0.0 pts vs IVV
Expense ratio 0.03% 0.03%
Already in the S&P 500 99.8% 99.7%
Holdings 505 507
Net assets, IVV as of Oct 27, 2026 and VOO as of Sep 30, 2026 $885.1bn $1.0tn

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

Client brief · page 1 of 2 Report BR-960856203C

IVV and VOO are close to the same fund. What, if anything, separates them?

  1. What each follows (similar). Both follow S&P 500.
  2. Holdings in common (similar). 96% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return (similar). Over 1 year to Oct 28, 2026 IVV returned +13.7% and VOO +13.7% with distributions reinvested, a gap of 0.0 points.

Data as of Oct 28, 2026.

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About each fund
IVV

IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.

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. 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

Which returned more over the last year, IVV or VOO?
In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and VOO +13.7%.
Which is cheaper, IVV or VOO?
Neither: IVV and VOO both charge 0.03% a year. Fees come from each fund's prospectus.
How much do IVV and VOO overlap with the S&P 500?
By their latest filed holdings, 100% of IVV and 100% of VOO by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, IVV against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-voo

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