PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IGV vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGV vs. VOO

Last updated Aug 2, 2026
Documentation

IGV (iShares Expanded Tech-Software Sector ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IGV returned 15.95%/yr vs 15.14%/yr for VOO. Their 0.78 correlation means they have sometimes moved together and sometimes differently. IGV charges 0.39%/yr vs 0.03%/yr for VOO.

Performance

IGV vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IGV achieves a -10.50% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, IGV has outperformed VOO with an annualized return of 15.95%, while VOO has yielded a comparatively lower 15.14% annualized return.

IGV

1D
1.36%
1M
1.08%
6M
4.75%
YTD
-10.50%
1Y
-12.92%
3Y*
9.07%
5Y*
3.25%
10Y*
15.95%
ALL TIME*
9.37%

VOO

1D
0.71%
1M
0.26%
6M
8.58%
YTD
10.16%
1Y
21.58%
3Y*
19.42%
5Y*
12.83%
10Y*
15.14%
ALL TIME*
14.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IGV

iShares Expanded Tech-Software Sector ETF
$1.45B$1.32B$1.70B

VOO

Vanguard S&P 500 ETF
$3.82B$3.78B$5.44B

IGV vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGV
iShares Expanded Tech-Software Sector ETF		-10.50%5.56%23.41%58.56%-35.65%12.30%52.86%34.33%12.44%42.16%
VOO
Vanguard S&P 500 ETF		10.16%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%

Correlation

The correlation between IGV and VOO is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.53

Correlation (3Y)
Balances recent behavior with more history.

0.71

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.78

Correlation (10Y)
Provides a long-term view across more market conditions.

0.76

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.78

Over the past year, the correlation between IGV and VOO has dropped to 0.53 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

IGV vs. VOO - Sectors Allocation Comparison

Sectors
IGV
VOO

Technology

89.3%
38.6%

Communication Services

8.3%
9.9%

Financial Services

1.9%
11.4%

Consumer Cyclical

0.3%
9.5%

Industrials

0.1%
8.5%

Basic Materials

-

1.7%

Consumer Defensive

-

4.5%

Energy

-

3.0%

Healthcare

-

8.9%

Real Estate

-

1.8%

Utilities

-

2.2%

Technology

IGV
89.3%
VOO
38.6%

Communication Services

IGV
8.3%
VOO
9.9%

Financial Services

IGV
1.9%
VOO
11.4%

Consumer Cyclical

IGV
0.3%
VOO
9.5%

Industrials

IGV
0.1%
VOO
8.5%

Basic Materials

IGV

-

VOO
1.7%

Consumer Defensive

IGV

-

VOO
4.5%

Energy

IGV

-

VOO
3.0%

Healthcare

IGV

-

VOO
8.9%

Real Estate

IGV

-

VOO
1.8%

Utilities

IGV

-

VOO
2.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Expanded Tech-Software Sector ETF

Vanguard S&P 500 ETF

Often compared with IGV:
IGV vs. SOXXIGV vs. QQQIGV vs. XSWIGV vs. VGTIGV vs. XLKIGV vs. SMHIGV vs. SMHX
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. FXAIXVOO vs. SPYVOO vs. VGT

Return for Risk

IGV vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IGV
IGV Risk / Return Rank: 55
Overall Rank
IGV Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 55
Sortino Ratio Rank
IGV Omega Ratio Rank: 55
Omega Ratio Rank
IGV Calmar Ratio Rank: 66
Calmar Ratio Rank
IGV Martin Ratio Rank: 66
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IGV vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IGVVOODifference
Sharpe ratioReturn per unit of total volatility
-0.53
1.53

-2.06

Sortino ratioReturn per unit of downside risk
-0.58
2.13

-2.71

Omega ratioGain probability vs. loss probability

0.93

1.28

-0.34

Calmar ratioReturn relative to maximum drawdown

-0.42

2.21

-2.63

Martin ratioReturn relative to average drawdown

-0.79

9.44

-10.23

IGV vs. VOO - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.53, which is lower than the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IGV and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

IGV vs. VOO - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IGV and VOO.

Loading charts...

Drawdown Indicators

IGVVOODifference

Max Drawdown

Largest peak-to-trough decline

-63.45%

-33.99%

-29.46%

Max Drawdown (1Y)

Largest decline over 1 year

-36.61%

-8.90%

-27.71%

Max Drawdown (3Y)

Largest decline over 3 years

-36.61%

-18.69%

-17.92%

Max Drawdown (5Y)

Largest decline over 5 years

-45.85%

-24.52%

-21.33%

Max Drawdown (10Y)

Largest decline over 10 years

-45.85%

-33.99%

-11.86%

Current Drawdown

Current decline from peak

-19.69%

-1.38%

-18.31%

Average Drawdown

Average peak-to-trough decline

-14.49%

-3.67%

-10.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.35%

2.08%

+17.27%

Volatility

IGV vs. VOO - Volatility Comparison

iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 6.80% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IGVVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.80%

3.54%

+3.26%

Volatility (6M)

Calculated over the trailing 6-month period

25.02%

10.10%

+14.92%

Volatility (1Y)

Calculated over the trailing 1-year period

29.16%

12.82%

+16.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.16%

16.93%

+11.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.45%

18.01%

+8.44%

IGV vs. VOO - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

IGV vs. VOO - Dividend Comparison

IGV's dividend yield for the trailing twelve months is around 0.02%, less than VOO's 1.07% yield.

PositionTTM20252024202320222021202020192018201720162015
IGV
iShares Expanded Tech-Software Sector ETF		0.02%0.00%0.00%0.01%0.01%0.00%0.35%0.02%0.16%0.09%0.82%0.22%
VOO
Vanguard S&P 500 ETF		1.07%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

IGV and VOO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGV has higher volatility (6.80%) compared to VOO (3.54%). In terms of maximum drawdown, IGV dropped -63.45% vs VOO's -33.99%.

On 10-year performance, IGV leads with 15.95% vs 15.14% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGV has performed better with a 15.95% return vs 15.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.39% for IGV.

VOO has the higher dividend yield at 1.07%, compared with 0.02% for IGV.

IGV is categorized as Technology Equities, while VOO is S&P 500. IGV tracks S&P North American Expanded Technology Software Index, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for IGV and 0.03% for VOO.

VOO currently has the higher Sharpe Ratio (1.53 vs -0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for IGV and VOO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer