IVVM vs. VOOG

Last updated Jun 24, 2026

IVVM (iShares Large Cap Moderate Buffer ETF) and VOOG (Vanguard S&P 500 Growth ETF) are both exchange-traded funds - IVVM is a Options Trading fund actively managed by iShares, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. IVVM is actively managed, while VOOG is passively managed. Over the past year, IVVM returned 14.52% vs 26.86% for VOOG. Their correlation of 0.88 suggests significant overlap in exposure. IVVM charges 0.50%/yr vs 0.07%/yr for VOOG.

Performance

IVVM vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Moderate Buffer ETF (IVVM) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVVM achieves a 5.35% return, which is significantly lower than VOOG's 8.71% return.

IVVM

• 1D: -0.62%
• 1M: -0.24%
• YTD: 5.35%
• 6M: 4.81%
• 1Y: 14.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOOG

• 1D: -2.34%
• 1M: -2.03%
• YTD: 8.71%
• 6M: 7.44%
• 1Y: 26.86%
• 3Y*: 25.47%
• 5Y*: 14.06%
• 10Y*: 18.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVVM vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVVM iShares Large Cap Moderate Buffer ETF	5.35%	14.24%	16.08%	5.17%
VOOG Vanguard S&P 500 Growth ETF	8.71%	22.11%	35.89%	8.74%

Correlation

The correlation between IVVM and VOOG is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.88

The correlation between IVVM and VOOG has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

IVVM vs. VOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVVM

IVVM Risk / Return Rank: 68
IVVM Sharpe Ratio Rank: 66
IVVM Sortino Ratio Rank: 67
IVVM Omega Ratio Rank: 73
IVVM Calmar Ratio Rank: 59
IVVM Martin Ratio Rank: 76

VOOG

VOOG Risk / Return Rank: 45
VOOG Sharpe Ratio Rank: 47
VOOG Sortino Ratio Rank: 45
VOOG Omega Ratio Rank: 44
VOOG Calmar Ratio Rank: 41
VOOG Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVVM vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Moderate Buffer ETF (IVVM) and Vanguard S&P 500 Growth ETF (VOOG). 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.

	IVVM	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.59	+0.44
Sortino ratio: Return per unit of downside risk	2.90	2.17	+0.73
Omega ratio: Gain probability vs. loss probability	1.41	1.28	+0.13
Calmar ratio: Return relative to maximum drawdown	2.75	1.97	+0.78
Martin ratio: Return relative to average drawdown	13.53	7.82	+5.71

IVVM vs. VOOG - Sharpe Ratio Comparison

The current IVVM Sharpe Ratio is 2.03, which is comparable to the VOOG Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of IVVM and VOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVVM vs. VOOG - Drawdown Comparison

The maximum IVVM drawdown since its inception was -11.62%, smaller than the maximum VOOG drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for IVVM and VOOG.

Drawdown Indicators

	IVVM	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-11.62%	-32.73%	+21.11%
Max Drawdown (1Y) Largest decline over 1 year	-5.31%	-13.71%	+8.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.73%	—
Current Drawdown Current decline from peak	-0.79%	-5.49%	+4.70%
Average Drawdown Average peak-to-trough decline	-0.91%	-4.96%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	3.45%	-2.37%

Volatility

IVVM vs. VOOG - Volatility Comparison

The current volatility for iShares Large Cap Moderate Buffer ETF (IVVM) is 1.88%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 7.23%. This indicates that IVVM experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVVM	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	7.23%	-5.35%
Volatility (6M) Calculated over the trailing 6-month period	5.76%	13.86%	-8.10%
Volatility (1Y) Calculated over the trailing 1-year period	7.21%	17.04%	-9.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	21.38%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.59%	20.81%	-11.22%

IVVM vs. VOOG - Expense Ratio Comparison

IVVM has a 0.50% expense ratio, which is higher than VOOG's 0.07% expense ratio.

Dividends

IVVM vs. VOOG - Dividend Comparison

IVVM's dividend yield for the trailing twelve months is around 0.65%, more than VOOG's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVVM iShares Large Cap Moderate Buffer ETF	0.65%	0.68%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both IVVM and VOOG in my portfolio?

IVVM and VOOG have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVVM or VOOG?

VOOG has higher volatility (7.23%) compared to IVVM (1.88%). In terms of maximum drawdown, IVVM dropped -11.62% vs VOOG's -32.73%.

Which ETF is better, IVVM or VOOG?

On 1-year performance, VOOG leads with 26.86% vs 14.52% for IVVM. On fees, VOOG is cheaper at 0.07% per year. On volatility, IVVM has been the lower-risk option at 1.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVVM or VOOG?

Over the 1-year period, VOOG has performed better with a 26.86% return vs 14.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVVM or VOOG?

VOOG is cheaper with a 0.07% expense ratio, compared with 0.50% for IVVM.

Which ETF pays a higher dividend yield, IVVM or VOOG?

IVVM has the higher dividend yield at 0.65%, compared with 0.46% for VOOG.

What is the main difference between IVVM and VOOG?

IVVM is categorized as Options Trading, while VOOG is S&P 500. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for IVVM and 0.07% for VOOG.

Which has better risk-adjusted returns?

IVVM currently has the higher Sharpe Ratio (2.03 vs 1.59), 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.