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ETF Comparison

IVV vs VOO: The Same S&P 500 From Two Issuers

iShares Core S&P 500 ETF and Vanguard S&P 500 ETF compared on cost, trading, dividends and what actually differs.

Updated October 14, 2026

How these figures are calculated: methodology.

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. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.

IVV has lagged VOO over the trailing twelve months, posting a 17.54% total return against 17.55%. The lead holds up over 10 years too: VOO has compounded at 15.59% a year, against 15.58% for IVV. 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.
SymbolYTD cumulative1Y cumulative3Y annualized5Y annualized10Y annualizedSince Sep 2010Volatility Sharpe Sortino Max drawdown
IVV13.80%17.54%22.82%13.28%15.58%14.88%14.9%1.081.58-18.8%
VOO13.78%17.55%22.81%13.28%15.59%14.90%14.8%1.091.58-18.7%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 14, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Sep 2010” measures every fund from September 9, 2010 — 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.
MetricIVVVOO
Full nameiShares Core S&P 500 ETFVanguard S&P 500 ETF
IssueriSharesVanguard
Last Close$773.09 as of October 14, 2026$707.43 as of October 14, 2026
Distribution rate1.14%1.03%
Trailing 12-month yield1.09%1.05%
Distribution Safety Score™ 9797
Safety-Adjusted Yield 1.11%1.00%
Expense ratio0.03%0.03%
AUM$896B$1.06T
Distribution frequencyQuarterlyQuarterly
Underlying indexS&P 500 IndexS&P 500 Index
ObjectiveSeeks to track the investment results of an index composed of large-capitalization U.S. equities, measuring the performance of the large-cap sector of the U.S. equity market as determined by S&P Dow Jones Indices.Track the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Asset classEquityEquity
Inception date05/15/200009/07/2010
Beta1.01.0
Last dividend$2.20261$1.8226
Ex-dividend date09/15/202609/28/2026

Bottom lineIVV and VOO are nearly interchangeable — both track the S&P 500 with very similar cost and risk. Fees are effectively identical, so it comes down to which your broker offers commission-free and any share-price or tax-lot preference.

The same index from two issuers

IVV and VOO both track the S&P 500, so holdings, sector weights and long-run returns line up. What differs is who runs the fund, the share price, how heavily each trades and when the quarterly dividend lands.

IVVVOO
IndexS&P 500S&P 500
IssueriSharesVanguard
Expense ratio0.03%0.03%
Distribution rate1.14%1.03%
Inception05/15/200009/07/2010
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Income calculator

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iShares
ETFs467
Total AUM$4.70T

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

iShares, operated by BlackRock, is one of the largest and most established ETF providers globally, known for offering broad, liquid index-tracking funds across nearly all asset classes and investment styles. The lineup encompasses a comprehensive range of strategies including core equity and bond exposure, dividend and income-focused funds, covered call strategies, ESG and thematic investments, factor-based approaches, alternatives, commodities, and municipal bonds, serving both individual and institutional investors. With numerous popular ticker symbols and extensive diversification across geographies, sectors, and investment objectives, iShares provides one of the market's widest selections of ETFs for building diversified portfolios.

See our curated list of related YouTube videos on IVV.

See all ETFs from iShares
Vanguard
ETFs116
Total AUM$4.71T

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 VOO.

See all ETFs from Vanguard

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Quick verdict

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

IVV offers the higher yield at 1.14% vs 1.03% for VOO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

VOO is the larger fund by assets ($1.06T), but assets alone do not establish trading costs or liquidity.

Deep dive

Yield & income

On a $10,000 investment, IVV would generate roughly $28.50 cash per distribution, while VOO would produce $25.75 cash per distribution, at current distribution rates. Both pay quarterly distributions.

IVV yield1.14%
VOO yield1.03%
Cash diff on $10K$2.75

Cost & efficiency

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

IVV ER0.03%
VOO ER0.03%

Strategy & risk

IVV tracks S&P 500 Index, while VOO tracks S&P 500 Index with a large cap approach.

IVV beta1.0
VOO beta1.0

Fund details

IVV is managed by iShares (launched 05/15/2000) with $896B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1.06T in assets.

IVV AUM$896B
VOO AUM$1.06T
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Frequently asked questions

Is IVV the same as VOO?

No, but they hold the same index. IVV is iShares Core S&P 500 ETF from iShares and VOO is Vanguard S&P 500 ETF from Vanguard; both track the S&P 500. As of October 2026, IVV charges 0.03% and VOO 0.03%. Over long periods their returns track each other closely. What differs is the issuer, the share price, trading volume and the timing of quarterly dividends.

Is IVV or VOO better for dividend income?

Neither in any lasting way. Both hold the S&P 500, so they collect the same underlying dividends. The quoted rates, 1.14% for IVV and 1.03% for VOO as of October 2026, mostly reflect each fund's quarterly payout timing and share price on the measurement date, not a different income stream.

Is the IVV listed on the ASX the same fund?

No. This page covers the US-listed IVV, iShares Core S&P 500 ETF. The IVV that trades on the Australian Securities Exchange is a separate, Australian-domiciled iShares fund that also tracks the S&P 500. It is priced in Australian dollars with its own fee and tax treatment.

What is the current distribution rate for IVV and VOO?

IVV currently distributes 1.14% and VOO 1.03%, based on fund data updated October 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is IVV or VOO safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — they are effectively tied: IVV scores 97, VOO scores 97. Neither has a clear safety edge on that measure. No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, IVV or VOO?

IVV 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 IVV vs VOO generate?

At current rates, $10,000 in IVV would generate roughly $28.50 cash per distribution ($114.00 annually). The same in VOO would produce about $25.75 cash per distribution ($103.00 annually).

Which has performed better historically, IVV or VOO?

IVV has lagged VOO over the trailing twelve months, posting a 17.54% total return against 17.55%. The lead holds up over 10 years too: VOO has compounded at 15.59% a year, against 15.58% for IVV. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

IVV vs VOO — at a glance

Generated October 11, 2026.

Overview

IVV and VOO are both large-cap U.S. equity ETFs that track the S&P 500 Index, holding identical underlying securities with the same market exposure. The meaningful distinction lies in their issuer (iShares vs. Vanguard), asset base, inception timing, and yield profile — all three track the same index but have accumulated different AUM and generate slightly different distributions to shareholders.

How they differ

Both carry a 0.03% expense ratio, so cost is not a differentiator. VOO is the larger fund by asset base at $1062B compared to IVV's $896B, a gap that reflects VOO's later inception (09/07/2010) versus IVV's earlier launch (05/15/2000). IVV's distribution rate stands at 1.14%, while VOO's is 1.03% — a 0.11% percentage-point spread that may reflect timing of dividend captures, cash drag, or reinvested capital gains across the two fund flows. Both pay distributions quarterly and report a beta of 1.0, meaning they move in lockstep with the underlying index.

  • VOO: Designed for investors seeking the larger asset base and Vanguard's operational ecosystem, or those building a new S&P 500 position and indifferent between the two issuers.

Key risks to know

  • Index-tracking concentration: Both funds hold identical S&P 500 constituents, meaning they carry the same large-cap concentration risk — the top ten holdings typically represent roughly 30% of the index. A downturn in mega-cap technology or financial stocks affects both identically.
  • Cash drag and distribution timing: Slight differences in distribution yield (IVV at 1.14% vs. VOO at 1.03%) may reflect different cash management or dividend timing across the fund year. Investors sensitive to dividend capture mechanics should verify ex-dividend dates and payout schedules. While both are large, established operators, fund closures, mergers, or operational disruptions at either issuer could affect fund continuity.
  • Equity market beta: Both funds carry a beta of 1.0 and full exposure to U.S. large-cap equity volatility. A broad market correction will move both in tandem with no hedging or dampening.

Bottom line

If you prioritize the largest available asset base and Vanguard's fund ecosystem, VOO's $1062B offers that scale. If you value a slightly higher distribution rate and don't mind iShares' structure, IVV's 1.14% yield is marginally higher. Both track the identical index with identical expense ratios, so the choice hinges on issuer preference and distribution timing rather than fundamental strategy. Past performance does not guarantee future results.

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

Learn the method

The metrics behind this comparison, explained in the Academy.

What the distribution rate really tells you Why a high yield isn't high income How to read a fund's stats

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These comparisons follow the Dividend Vision methodology.