What is the expense ratio of IVV vs VO?

IVV has an expense ratio of 0.03%, while VO has an expense ratio of 0.03%.

IVV vs VO

iShares Core S&P 500 ETF vs Vanguard Mid-Cap Index Fund ETF Shares

Last updated: 2026-04-02

IVV iShares

iShares Core S&P 500 ETF (IVV) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.23%. Launched in 2000, the fund has a 26-year track record.

AUM: $702.1B ER: 0.03% Yield: 1.23% Since: May 15, 2000

VO Vanguard

Vanguard Mid-Cap Index Fund ETF Shares (VO) is an exchange-traded fund issued by Vanguard that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.50%. Launched in 2004, the fund has a 22-year track record.

AUM: $90.7B ER: 0.03% Yield: 1.50% Since: Jan 26, 2004

Quick Verdict

Over the past year, IVV has significantly outperformed with a 16.7% return vs 11.4%.

Key Metrics

Metric	IVV	VO
Expense Ratio	0.03%	0.03%
Dividend Yield	1.2%	1.5%
Fund Family	iShares	Vanguard
Category	US Large Cap Blend	US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

IVV +61.3%

VO +27.8%

Performance Comparison

Period	IVV	VO	Difference
1 Month	-4.55%	-5.54%	+0.99%
3 Months	-4.10%	-1.24%	-2.86%
6 Months	-2.14%	-2.10%	-0.04%
YTD	-4.10%	-1.24%	-2.86%
1 Year	+16.72%	+11.38%	+5.34%
3 Years	+59.51%	+37.24%	+22.27%
5 Years	+61.35%	+27.84%	+33.51%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	IVV Fees	VO Fees	You Save
$10.000	10 years	$60	$60	$0
$10.000	20 years	$258	$258	$0
$10.000	30 years	$835	$835	$0
$50.000	10 years	$299	$299	$0
$50.000	30 years	$4.176	$4.176	$0
$100.000	30 years	$8.352	$8.352	$0

Risk Metrics

Based on 5 years of daily returns

Metric	IVV	VO
Annualized Volatility	16.9%	17.6%
Max Drawdown	-25.4%	-28.6%
Sharpe Ratio	0.39	0.11

Dividend Comparison

Metric	IVV	VO
Annual Dividend (per share)	$8.06	$4.33
Dividend Yield	1.22%	1.50%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

IVV Top Holdings

Name	Weight
NVIDIA CorporationNVDA	7.45%
Apple Inc.AAPL	6.68%
Microsoft CorporationMSFT	4.85%
Amazon.com, Inc.AMZN	3.56%
Broadcom Inc.AVGO	2.61%
Alphabet Inc.GOOG	2.34%
Meta Platforms, Inc.META	2.10%
Tesla, Inc.TSLA	1.86%
Berkshire Hathaway Inc.BRK.B	1.57%

VO Top Holdings

Name	Weight
Newmont CorporationNEM	1.46%
Corning IncorporatedGLW	1.20%
Howmet Aerospace Inc.HWM	1.09%
Constellation Energy CorporationCEG	1.06%
Vertiv Holdings CoVRT	0.99%
Western Digital CorporationWDC	0.99%
Seagate Technology Holdings plcSTX	0.90%
Quanta Services, Inc.PWR	0.87%
Cummins Inc.CMI	0.83%
CRH plcCRH	0.83%

Which One Should You Choose?

Choose IVV if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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