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ETF Comparison

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

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

Data updated August 19, 2026

Visual comparison

Key metrics

Projected income on $10K

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

Total returns

IVV has outpaced VOO over the trailing twelve months, posting a 20.98% total return against 20.95%. The picture flips over 10 years, though — VOO has compounded at 15.30% a year, ahead of IVV at 15.29%. 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.
SymbolYTD1Y3Y5Y10YSince Sep 2010Volatility Sharpe Sortino Max drawdown
IVV13.22%20.98%22.17%13.44%15.29%15.01%15.0%1.041.50-18.8%
VOO13.20%20.95%22.16%13.44%15.30%15.02%14.9%1.051.51-18.7%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 19, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2010” measures every fund from September 9, 2010 — the youngest fund's first trading day — 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$770.98 as of August 19, 2026$705.40 as of August 19, 2026
Distribution yield1.04%1.11%
Distribution Safety Score™ 100100
Expense ratio0.03%0.03%
AUM$906B$1045B
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$1.9956$1.9622
Ex-dividend date06/15/202606/26/2026

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.

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Income calculator

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

iShares
ETFs473
Total AUM$4710B

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 IVV.

See all iShares ETFs
Vanguard
ETFs116
Total AUM$4703B

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 Vanguard ETFs

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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.

VOO offers the higher yield at 1.11% vs 1.04% for IVV. 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 ($1045B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, IVV would generate roughly $8.67/month, while VOO would produce $9.25/month, at current distribution rates. Both pay quarterly distributions.

IVV yield1.04%
VOO yield1.11%
Monthly diff on $10K$0.58

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 $906B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1045B in assets.

IVV AUM$906B
VOO AUM$1045B
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Frequently asked questions

What is the current distribution yield for IVV and VOO?

IVV currently distributes 1.04% and VOO 1.11%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is IVV 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 IVV and VOO?

IVV (iShares Core S&P 500 ETF) tracks S&P 500 Index, while VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a large cap approach. They are issued by iShares and Vanguard respectively.

Can I hold both IVV and VOO?

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 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 100, VOO scores 100. 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 $8.67 per month ($104.00 annually). The same in VOO would produce about $9.25 per month ($111.00 annually).

Which has performed better historically, IVV or VOO?

IVV has outpaced VOO over the trailing twelve months, posting a 20.98% total return against 20.95%. The picture flips over 10 years, though — VOO has compounded at 15.30% a year, ahead of IVV at 15.29%. 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 August 15, 2026.

Overview

IVV and VOO are both ETFs tracking the S&P 500 Index, offering broad exposure to 500 of the largest U.S. companies with identical expense ratios of 0.03%. The key distinction is issuer: IVV is managed by iShares (BlackRock) and VOO by Vanguard, which means different shareholder bases, trading dynamics, and dividend reinvestment mechanics despite tracking the same underlying index.

How they differ

Both ETFs hold the same index with the same fee, so the differences are structural rather than strategic. VOO is the larger fund at $1032B in assets versus IVV's $901B, which typically means tighter bid-ask spreads and higher daily trading volume for VOO. VOO's distribution rate is 1.10% compared to IVV's 1.02%, a modest 8-basis-point gap that could reflect timing of dividend capture or reinvestment differences between the two fund families rather than a fundamental strategy divergence. IVV has been operating 10 years longer (inception May 2000 versus September 2010), which has no performance implication but may indicate why VOO has since accumulated slightly larger assets despite the later start date.

Who each is best for

IVV: Fits investors building a core S&P 500 position who already maintain relationships with iShares or BlackRock platforms and value the longer fund history for audit trail and continuity.

VOO: Fits investors who prioritize maximum fund size and liquidity or who have existing Vanguard brokerage relationships and benefit from Vanguard's settlement and dividend processing infrastructure.

Key risks to know

  • Index concentration: Both funds track the S&P 500's sector and mega-cap tilt, so holding either means significant exposure to information technology and a handful of trillion-dollar companies. The index's top 10 holdings typically represent 30%+ of the portfolio.
  • Valuation risk: Large-cap U.S. equities trade at historically elevated price-to-earnings multiples. A compression in valuations would affect both funds identically and could reduce returns regardless of which ETF holds the position.
  • Dividend yield compression: The 1%–1.10% distribution rates reflect current market yields. If corporate earnings decline or capital allocation shifts away from dividends, yield could fall, particularly affecting investors relying on these distributions for income.

Bottom line

These ETFs are functionally equivalent for index-tracking purposes—same underlying, same expense ratio, same risk profile. The choice between them hinges on trading venue convenience, existing brokerage infrastructure, and the modest yield difference. If you value the largest possible fund size and tightest liquidity, VOO offers that; if you prefer iShares ecosystem integration or longer fund history, IVV delivers the same core exposure. Past performance doesn't predict 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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