VOO vs IVV: The S&P 500 Price War — Both Charge 0.03%
VOO and IVV are S&P 500 clones with identical fees. The differences are so minor they barely matter — but they do exist. Here's the honest breakdown.
VOO (Vanguard) and IVV (iShares) are both excellent S&P 500 ETFs charging an identical 0.03% expense ratio. Both hold the same 503 US large-cap stocks in the same proportions. Over any meaningful time period, their returns will differ by less than 0.02% — attributable to tiny differences in securities lending income and cash drag management. The practical choice comes down to your brokerage: Vanguard clients often prefer VOO, while Fidelity and Schwab clients sometimes prefer IVV for liquidity and options availability. Either is a top-tier long-term investment. If you already own one, there is no reason to switch.
Whether the lower-cost fund suits your situation depends on your existing holdings, account type, tax situation, and how you use each fund. This is a cost comparison, not a personalized recommendation.
Both funds trade commission-free at every major brokerage. Where to buy them →
📋 VOO vs IVV: Key Facts Side by Side
| Metric | VOO | IVV |
|---|---|---|
| Fund Name | Vanguard S&P 500 ETF | iShares Core S&P 500 ETF |
| Issuer | Vanguard | iShares |
| Tracks Index | S&P 500 | S&P 500 |
| Expense Ratio | 0.03% | 0.03% |
| Cost per $10K/yr | $3.00 | $3.00 |
| AUM | $1,600.2B | $881.3B |
| Holdings | 503 | 503 |
| Inception | 2010 | 2000 |
| 1-Year Return | +16.97% | +16.95% |
| 3-Year Return | +23.30% | +23.29% |
| 5-Year Return | +13.91% | +13.92% |
| Dividend Yield | 1.06% | 1.10% |
| Holdings Overlap | See holdings overlap → | |
| Avg Bid-Ask Spread | 0.00% | 0.00% |
AUM and returns updated Oct 15, 2026 from ETF BFF database; expense ratios verified against issuer filings. Returns are annualised. Not investment advice.
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📊 VOO vs IVV: Annualised Returns
Annualised returns (trailing, price-based). Past performance does not guarantee future results.
🎯 Which Fund Fits Which Investor?
- want focused large-cap US stock exposure via S&P 500
- already use Vanguard and prefer staying within one fund family
- want focused large-cap US stock exposure via S&P 500
- already use iShares and prefer staying within one fund family
💰 What the Fee Difference Actually Costs
Adjust the numbers for your situation. This models each fund's expense ratio compounding against your balance over time.
Assumes a constant annual return reinvested, with each fund's expense ratio deducted yearly. Illustrative only; actual returns vary. Past performance does not guarantee future results.
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Side-by-side holdings overlap, sector breakdown, and live performance tabs, all in one place.
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New to ETF investing? See answers to the most common ETF questions →