ETF Comparison

ITOT vs VOO: Which Is the Better Pick in 2026?

A head-to-head comparison of iShares Core S&P Total U.S. Stock Market ETF and Vanguard S&P 500 ETF covering yield, cost, risk, and income potential.

Data updated May 20, 2026

BlackRock

ETFs44

Total AUM$3107.6B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

BlackRock is one of the world's largest asset managers and a major provider of ETFs across multiple investment strategies. The company's dividend-focused lineup emphasizes income-generating investments, with funds designed to deliver regular distributions to investors seeking yield. Their portfolio includes eight notable ETFs such as BALI (emerging markets income), DIVB (dividend equity), and DGRO (dividend growth), alongside complementary funds that span income, growth, and fixed-income strategies.

See our curated list of related YouTube videos on ITOT.

See all BlackRock ETFs

Vanguard

ETFs48

Total AUM$11763.3B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Vanguard is known for offering low-cost, passively managed ETFs that serve as core portfolio holdings for individual investors. Their fund lineup emphasizes core equity exposure and dividend income strategies, with offerings spanning domestic growth (VGT, VUG), broad market indices (VOO), dividend-focused portfolios (VYM, VIG), and international high dividend yield opportunities (VONG, VYMI). The issuer's seven funds are characterized by expense ratios among the industry's lowest and a focus on long-term, buy-and-hold investors seeking diversified equity exposure.

See our curated list of related YouTube videos on VOO.

See all Vanguard ETFs

Side-by-side snapshot

	ITOT	VOO
Full name	iShares Core S&P Total U.S. Stock Market ETF	Vanguard S&P 500 ETF
Issuer	BlackRock	Vanguard
Last Close	$160.94 as of May 20, 2026	$678.91 as of May 20, 2026
Distribution yield	0.99%	1.04%
Expense ratio	0.03%	0.03%
AUM	$88.9B	$1600.2B
Distribution frequency	Quarterly	Quarterly
Underlying index	S&P Total Market Index	S&P 500 Index
Objective	Provide exposure to the fund's underlying index or strategy per issuer materials.	Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Asset class	Equity	Equity
Inception date	01/20/2004	09/07/2010
Beta	1.04	1.0
Last dividend	$0.33	$1.87
Ex-dividend date	03/17/2026	03/27/2026

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Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

ITOT (iShares Core S&P Total U.S. Stock Market ETF) and VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

VOO offers the higher yield at 1.04% vs 0.99% for ITOT. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They track different benchmarks: ITOT is linked to S&P Total Market Index while VOO tracks S&P 500 Index, which means their performance drivers differ.

VOO is the larger fund by assets ($1600.2B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, ITOT would generate roughly $8.25/month, while VOO would produce $8.67/month, at current distribution rates. Both pay quarterly distributions.

ITOT yield0.99%

VOO yield1.04%

Monthly diff on $10K$0.42

Cost & efficiency

Over 10 years on $10,000, ITOT would cost approximately $30 in fees vs $30 for VOO (simplified, not compounded). Both charge the same expense ratio.

ITOT ER0.03%

VOO ER0.03%

Strategy & risk

ITOT tracks S&P Total Market Index with an index approach, while VOO tracks S&P 500 Index using a large cap strategy. Beta is 1.04 for ITOT and 1.0 for VOO, indicating VOO is less volatile relative to the market.

ITOT beta1.04

VOO beta1.0

Fund details

ITOT is managed by BlackRock (launched 01/20/2004) with $88.9B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1600.2B in assets.

ITOT AUM$88.9B

VOO AUM$1600.2B

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Frequently asked questions

Is ITOT or VOO better for dividend income?

It depends on your goals. VOO currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between ITOT and VOO?

ITOT (iShares Core S&P Total U.S. Stock Market ETF) tracks S&P Total Market Index with an index strategy, while VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a large cap approach. They are issued by BlackRock and Vanguard respectively.

Can I hold both ITOT and VOO?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, ITOT or VOO?

ITOT and VOO both charge the same expense ratio of 0.03%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in ITOT vs VOO generate?

At current rates, $10,000 in ITOT would generate roughly $8.25 per month ($99.00 annually). The same in VOO would produce about $8.67 per month ($104.00 annually).

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ITOT vs VOO — at a glance

Generated April 2026 from current fund data.

Overview

ITOT and VOO are both low-cost, index-tracking ETFs designed to capture broad U.S. stock market returns. The key difference is scope: ITOT tracks the entire S&P Total Market Index (roughly 3,500 stocks including mid-caps and small-caps), while VOO follows the S&P 500 Index (500 of the largest companies). Both charge the same 0.03% expense ratio and pay quarterly dividends, but they serve different portfolio roles.

How they differ

ITOT's defining advantage is breadth. It includes mid-cap and small-cap stocks absent from VOO, giving you exposure to about 2,500 smaller public companies. VOO's $1.42 trillion in assets dwarfs ITOT's $79.6 billion—a 18-fold difference—meaning VOO has deeper liquidity and tighter bid-ask spreads. The yield difference is negligible: ITOT at 1.04% versus VOO at 1.09%, both well below the long-term equity average. VOO's beta of exactly 1.0 reflects its pure large-cap tracking; ITOT's 1.04 beta suggests slightly higher volatility, consistent with its exposure to smaller stocks.

Who each is best for

ITOT: Core portfolio builders seeking maximum U.S. stock diversification in a single holding, especially those who want to avoid separately buying mid-cap or small-cap funds.

VOO: Investors prioritizing the deepest liquidity, tightest spreads, and largest fund ecosystem; also ideal as an anchor holding in a multi-asset portfolio or taxable accounts where trading activity needs to be minimal.

Key risks to know

Market concentration: VOO's $1.42 trillion AUM means large institutional flows can temporarily widen spreads during high-volume sell-offs, though this is rare in normal conditions.
Size-factor drag: ITOT's inclusion of mid- and small-caps introduces exposure to historically lower-returning market segments; in extended large-cap rallies (like 2023–2024), ITOT may lag VOO.
Overlap and redundancy: The two funds share roughly 500 stocks, so holding both creates unnecessary duplication unless you're deliberately tilting toward mid/small-cap exposure.
NAV stability: Both are equity ETFs with no leverage or derivative complexity, so NAV tracks the underlying index closely; no credit or structural risk.

Bottom line

If you want maximum market exposure in a single fund and accept mild underperformance during large-cap rallies, ITOT delivers broad diversification at the same cost as VOO. If you prioritize liquidity, lowest-possible trading costs, and the simplicity of owning America's 500 largest firms, VOO's vastly larger scale makes it the practical choice. Past performance of either fund does not predict future returns.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.