ETF Comparison

IVE vs VTV: Same Value Idea, Two Large-Cap Screens

A head-to-head of iShares S&P 500 Value and Vanguard Value covering index construction, fees, and payout.

Data updated September 18, 2026

Best for

IVEInvestors who want broad equity exposure.
VTVInvestors who want broad equity exposure.

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Visual comparison

Key metrics

Projected income on $10K

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

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

IVE has lagged VTV over the trailing twelve months, posting a 15.81% total return against 21.98%. The lead holds up over 10 years too: VTV has compounded at 12.66% a year, against 11.86% for IVE. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Symbol	YTD	1Y	3Y	5Y	10Y	Since Jan 2004	Volatility	Sharpe	Sortino	Max drawdown
IVE	10.26%	15.81%	15.16%	11.56%	11.86%	8.87%	12.4%	0.78	1.11	-17.6%
VTV	15.95%	21.98%	18.18%	12.55%	12.66%	9.66%	12.3%	1.00	1.45	-14.5%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Jan 2004” measures every fund from January 30, 2004 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
Metric	IVE	VTV
Full name	iShares S&P 500 Value ETF	Vanguard Morningstar Value ETF
Issuer	iShares	Vanguard
Underlying index	S&P 500 Value Index	Morningstar US Large Cap Value Index
Last Close	$231.89 as of September 18, 2026	$221.25 as of September 18, 2026
Distribution rate	1.61%	1.96%
Distribution Safety Score™	91	97
Safety-Adjusted Yield	1.47%	1.90%
Expense ratio	0.18%	0.03%
AUM	$49.1B	$192B
Distribution frequency	Quarterly	Quarterly
Objective	Provide exposure to the fund's underlying index or strategy per issuer materials.	Seeks to track the Morningstar US Large Cap Value Index.
Asset class	Equity	Equity
Inception date	05/22/2000	01/26/2004
Beta	0.77	0.67
Last dividend	$0.931 payable today	$1.082
Ex-dividend date	09/15/2026	06/26/2026

Bottom lineIVE and VTV are both for investors who want broad equity exposure — so strategy isn't the deciding factor here. Cost is: VTV charges 0.03% against 0.18% for IVE, and between two funds this similar that gap comes straight out of your return every year you hold.

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See how much monthly income a hypothetical investment would generate in each ETF at current yields.

iShares

ETFs466

Total AUM$4551B

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

iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.

See our curated list of related YouTube videos on IVE.

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Vanguard

ETFs116

Total AUM$4663B

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

Vanguard is one of the largest and most established ETF issuers, known for low-cost, broadly diversified fund offerings built on passive indexing principles. Their lineup spans multiple asset classes and strategies, including core equity and bond index funds, dividend-focused portfolios, ESG-screened options, factor-based strategies, sector exposure, target-date retirement funds, and international investments across developed and emerging markets. The platform is characterized by its emphasis on accessibility and cost efficiency across a comprehensive range of fund families, serving both individual investors seeking broad market exposure and those pursuing specific income, sustainability, or thematic objectives.

See our curated list of related YouTube videos on VTV.

See all Vanguard ETFs

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Quick verdict

IVE (iShares S&P 500 Value ETF) and VTV (Vanguard Morningstar Value ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

VTV offers the higher yield at 1.96% vs 1.61% for IVE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

VTV is cheaper with an expense ratio of 0.03% compared to 0.18%.

They have different reference exposures: IVE is linked to S&P 500 Value Index while VTV is linked to Morningstar US Large Cap Value Index, which means their performance drivers differ.

VTV is the larger fund by assets ($192B), but assets alone do not establish trading costs or liquidity.

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Deep dive

Yield & income

On a $10,000 investment, IVE would generate roughly $13.42/month, while VTV would produce $16.33/month, at current distribution rates. Both pay quarterly distributions.

IVE yield1.61%

VTV yield1.96%

Monthly diff on $10K$2.92

Cost & efficiency

Over 10 years on $10,000, IVE would cost approximately $180 in fees vs $30 for VTV (simplified, not compounded). The $150.00 difference may be offset by yield or performance.

IVE ER0.18%

VTV ER0.03%

Strategy & risk

IVE tracks S&P 500 Value Index with an index approach, while VTV tracks Morningstar US Large Cap Value Index with an index approach. Beta is 0.77 for IVE and 0.67 for VTV, making VTV the less volatile of the two by this measure.

IVE beta0.77

VTV beta0.67

Fund details

IVE is managed by iShares (launched 05/22/2000) with $49.1B in assets. VTV is managed by Vanguard (launched 01/26/2004) with $192B in assets.

IVE AUM$49.1B

VTV AUM$192B

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Frequently asked questions

What is the difference between IVE and VTV?

IVE (iShares S&P 500 Value ETF) tracks S&P 500 Value Index. VTV (Vanguard Morningstar Value ETF) tracks Morningstar US Large Cap Value Index. Cost is 0.18% versus 0.03%; distributions are 1.61% and 1.96% as of September 2026. Value definition and index rules are the live differences.

What is the current distribution rate for IVE and VTV?

IVE currently distributes 1.61% and VTV 1.96%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is IVE or VTV better for dividend income?

It depends on your goals. VTV 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.

Can I hold both IVE and VTV?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Is IVE or VTV safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — VTV scores 97, IVE scores 91, so VTV's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, IVE or VTV?

IVE has an expense ratio of 0.18% while VTV charges 0.03%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in IVE vs VTV generate?

At current rates, $10,000 in IVE would generate roughly $13.42 per month ($161.00 annually). The same in VTV would produce about $16.33 per month ($196.00 annually).

Which has performed better historically, IVE or VTV?

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IVE vs VTV — at a glance

Generated September 19, 2026.

Overview

Both IVE and VTV are large-cap value stock ETFs that track different value indexes and deliver quarterly income. The key distinction is their index methodology: IVE uses S&P's mechanical value screens, while VTV uses Morningstar's fundamental research-driven approach to identify value stocks.

How they differ

The most significant difference is index design. IVE follows the S&P 500 Value Index, which applies value screens to the 500 largest U.S. stocks, while VTV tracks Morningstar's index, which selects from the 750 largest U.S. companies and uses Morningstar analysts' assessments of fair value alongside quantitative metrics. This leads to different holdings and sector tilts.

VTV costs substantially less to own: its 0.03% expense ratio is lower than IVE's 0.18%, a meaningful gap when compounded over years.

IVE carries a higher beta of 0.77 versus VTV's 0.67, indicating it amplifies market movements more sharply—a reflection of its S&P 500-constrained universe. IVE also yields 1.61%, modestly lower than VTV's 1.96%.

Who each is best for

IVE: Fits investors who want pure S&P 500 value exposure aligned with a well-known, standardized index and who are comfortable with slightly higher volatility in exchange for familiarity with the underlying methodology.

VTV: Designed for cost-conscious value investors who prefer Morningstar's research-informed stock selection and a marginally higher yield, and who want the largest asset base and lowest ongoing expenses.

Key risks to know

Index-selection divergence: The two funds' different index methodologies produce meaningfully different portfolio compositions and sector allocations. Holdings overlap is not guaranteed, and performance may diverge during periods when S&P value screens and Morningstar's fair-value assessments disagree on which stocks belong in a value portfolio.

Value-style underperformance: Both funds are concentrated in value equities, so extended periods of growth-stock outperformance will pressure returns. The value tilt has underperformed broader large-cap indices in several notable stretches over the past decade.

Beta and volatility risk: IVE's higher beta (0.77 versus 0.67) means larger NAV swings during equity corrections, which may be uncomfortable for risk-averse income investors but poses no unique structural concern.

Bottom line

If you prioritize the lowest cost and highest yield from a research-driven value index with the deepest liquidity, VTV's 0.03% expense ratio and 1.96% yield stand out. If you prefer exposure tied directly to the S&P 500 Value Index methodology, IVE delivers that with a higher beta and slightly lower cost than the S&P alternatives. Both are established funds with long track records; past performance does not predict future results, and performance between the two will vary based on which index's selection criteria align better with value opportunities at any given time.

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

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