Data as of Oct 28, 2026.
IVV vs VWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to VWO's +4.8%; 0% of their weight is in the same names.
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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.
Pair scorecard
IVV costs 0.03 points a year less; their one-year returns differ by 8.9 points; IVV is 7.0 times larger.
| Measure | IVV | VWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +4.8% |
| Drawdown | ||
| Below its high | 7.0%, high on Sep 4, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 | FTSE Emerging Markets All Cap China A Inclusion Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.06% |
| Net assets, as of Sep 30, 2026 | $881.3bn | $125.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 38.1% | 29.8% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Mar 18, 2005 to Oct 23, 2026 · 1,127 weekly returnsIVV returned more: +857.4% to +309.0%. IVV swung less: 17.3% to 22.3%. IVV fell less at its worst: −54.7% to −63.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IVV | VWO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +857.4% | +309.0% | IVV | Price change plus distributions, reinvested. |
| Annualized | +11.0% | +6.7% | IVV | Total return as a yearly rate. |
| Price return | +540.9% | +133.1% | IVV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.3% | 22.3% | IVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.2% | 15.8% | IVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −54.7% | −63.8% | IVV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.32 | IVV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.83 | 0.46 | IVV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.20 | 0.11 | IVV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,127 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and VWO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IVV and VWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IVV and VWO do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and VWO follows FTSE Emerging Markets All Cap China A Inclusion Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IVV returned +13.7% and VWO +4.8% with distributions reinvested, a gap of 8.9 points.
Data as of Oct 28, 2026.
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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%.
VWO
VWO tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6,515 positions, with the top ten at 29.8%. It sat 7.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IVV or VWO?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and VWO +4.8%.
- Which is cheaper, IVV or VWO?
- IVV is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IVV against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-vwo
ETFIQ. (Oct 28, 2026). IVV against VWO. Retrieved from https://etfiq.com/compare/any/ivv-vs-vwo
[IVV against VWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-vwo)
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