VOO vs IVV: Differences, Fees and Returns
VOO and IVV cost the same: a 0.03% TER a year.
Both track the same index (S&P 500), so their returns before costs should be almost identical: the choice comes down to cost, where you can buy them and tax.
Over the last 10 years, VOO and IVV returned practically the same, around 15.34% a year.
Head-to-head comparison
| VOO | IVV | |
|---|---|---|
| Name | Vanguard S&P 500 ETF | iShares Core S&P 500 ETF |
| Provider | Vanguard | BlackRock |
| Index | S&P 500 | S&P 500 |
| TER | 0.03% | 0.03% |
| Type | ETF | ETF |
| Domicile | United States | United States |
| Dividends | Distributing | Distributing |
| Launch date | September 7, 2010 | May 15, 2000 |
| Fund size | $1.8T | $884B |
| ISIN | — | — |
| Available to EU retail investors | No | No |
| Tax-free switch (Spain) | No | No |
Historical returns: VOO vs IVV (Aug 2016 – Aug 2026)
10,000 invested in Aug 2016 would be worth $41,654 in VOO and $41,631 in IVV today.
| VOO | IVV | |
|---|---|---|
| Annualised return | 15.34% | 15.33% |
| Total return | 316.54% | 316.31% |
| Annual volatility | 15.34% | 15.34% |
| Maximum drawdown | -23.91% | -23.93% |
| Monthly correlation | 1 | |
Calendar-year returns
| Year | VOO | IVV |
|---|---|---|
| 2026* | 13.09% | 13.12% |
| 2025 | 17.82% | 17.85% |
| 2024 | 24.98% | 24.93% |
| 2023 | 26.32% | 26.32% |
| 2022 | -18.19% | -18.16% |
| 2021 | 28.78% | 28.76% |
| 2020 | 18.29% | 18.40% |
| 2019 | 31.36% | 31.07% |
| 2018 | -4.50% | -4.47% |
| 2017 | 21.77% | 21.76% |
* Current year, to Aug 2026.
Month-end closing prices adjusted for dividends and net of fund costs. Broker fees and taxes are not included. Past performance does not guarantee future results.
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Frequently Asked Questions
VOO and IVV cost the same: a 0.03% TER a year. Both track the same index (S&P 500), so their returns before costs should be almost identical: the choice comes down to cost, where you can buy them and tax.
VOO (ETF) tracks the S&P 500 with a 0.03% TER; IVV (ETF) tracks the S&P 500 with a 0.03% TER.
Generally not as a retail client: they are US-domiciled ETFs without the key information document EU PRIIPs rules require. Look for their UCITS equivalents in our list of funds for Europe.
Over the last 10 years, VOO and IVV returned practically the same, around 15.34% a year.