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Both VOO and IVV track the S&P 500 with the same return and expense ratio.
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IVV offers a slightly higher dividend yield and a slightly heavier weighting in technology.
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There is little difference in the liquidity, risk, and overall portfolio composition of the two ETFs.
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this Vanguard S&P 500 ETF (NYSE: VOO) and iShares Core S&P 500 ETF (NYSE: IVV) Both provide low-cost exposure S&P 500 Indexexpense ratios match, performance is similar, and there are only minor differences in dividend yield and industry allocation.
For investors considering broad coverage of U.S. large-cap stocks, this comparison looks at VOO and IVV—two of the largest and most liquid S&P 500 ETFs. Both aim to replicate the performance of the S&P 500, but subtle details like yield, industry tilt and fund size can influence which one is a better fit.
|
Metric |
Woao |
intravenous injection |
|---|---|---|
|
Issuer |
pioneer |
Anshuo |
|
expense ratio |
0.03% |
0.03% |
|
1 year return (as of January 23, 2026) |
13.0% |
13.0% |
|
dividend yield |
1.1% |
1.2% |
|
Beta |
1.00 |
1.00 |
|
AUM |
$1.5 trillion |
$760.6 billion |
Beta measures price volatility relative to the S&P 500; beta is calculated based on five-year weekly returns. The 1-year return represents the total return over the past 12 months.
Both funds have equally affordable fees, with an expense ratio of 0.03%, while IVV offers a slightly higher dividend yield that may appeal to income-focused investors.
|
Metric |
Woao |
intravenous injection |
|---|---|---|
|
Maximum drawdown (5 years) |
-24.52% |
-24.53% |
|
$1,000 growth in 5 years |
$1,794 |
$1,794 |
IVV holds 503 companies and has a track record of 25.7 years. Its industry mix leans more toward technology (43%) than VOO, with its top holdings including NVIDIA (NASDAQ: NVDA), apple (NASDAQ:AAPL)and Microsoft (NASDAQ:MSFT). The fund mirrors the S&P 500 Index and has no leverage, hedging or other structural quirks.
By comparison, VOO holds 505 companies and tracks the S&P 500, but has a slightly lower technology weighting (35%). Its largest positions are also concentrated in Nvidia, Apple and Microsoft, providing large-cap investors with nearly equal exposure.
For more guidance on ETF investing, check out our complete guide at this link.
A great way to expand your stock portfolio is to invest in the S&P 500. Investors who want to do this have two good options, the Vanguard S&P 500 (VOO) and iShares Core S&P 500 (IVV) ETFs. Both offer nearly identical performance, cost, and beta.
IVV has a slight advantage in terms of dividend yield, while VOO has slightly better liquidity due to its larger assets under management. IVV is a more attractive ETF for investors looking to hold more tech stocks, especially given the boom in the artificial intelligence industry.
