VOOV vs. IUSV

Last updated Jun 5, 2026

VOOV (Vanguard S&P 500 Value ETF) and IUSV (iShares Core S&P U.S. Value ETF) are both Large Cap Value Equities funds - VOOV tracks the S&P 500 Value Index while IUSV tracks the S&P 900 Value Index. Both are passively managed. Over the past 10 years, VOOV returned 11.86%/yr vs 12.06%/yr for IUSV. With a 0.97 correlation, they move nearly in lockstep. VOOV charges 0.07%/yr vs 0.04%/yr for IUSV.

Performance

VOOV vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Value ETF (VOOV) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VOOV having a 8.52% return and IUSV slightly higher at 8.61%. Both investments have delivered pretty close results over the past 10 years, with VOOV having a 11.86% annualized return and IUSV not far ahead at 12.06%.

VOOV

• 1D: 0.94%
• 1M: 2.41%
• YTD: 8.52%
• 6M: 9.07%
• 1Y: 22.81%
• 3Y*: 16.15%
• 5Y*: 10.85%
• 10Y*: 11.86%

IUSV

• 1D: 0.91%
• 1M: 2.22%
• YTD: 8.61%
• 6M: 9.11%
• 1Y: 22.73%
• 3Y*: 16.12%
• 5Y*: 10.67%
• 10Y*: 12.06%

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

VOOV vs. IUSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOV Vanguard S&P 500 Value ETF	8.52%	13.10%	12.21%	22.15%	-5.37%	24.87%	1.23%	31.75%	-9.09%	15.26%
IUSV iShares Core S&P U.S. Value ETF	8.61%	12.85%	12.18%	21.73%	-5.40%	25.22%	1.56%	31.47%	-9.21%	15.09%

Correlation

The correlation between VOOV and IUSV is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.97

The correlation between VOOV and IUSV has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

VOOV vs. IUSV - Sectors Allocation Comparison

Sectors	VOOV	IUSV
Technology	19.0%	20.8%
Financial Services	15.0%	15.0%
Healthcare	11.6%	11.0%
Consumer Cyclical	11.1%	11.1%
Industrials	11.0%	11.2%
Consumer Defensive	9.5%	8.8%
Energy	7.6%	7.2%
Utilities	4.6%	4.3%
Basic Materials	3.5%	3.6%
Real Estate	3.4%	3.7%
Communication Services	3.3%	3.1%

Return for Risk

VOOV vs. IUSV — Risk / Return Rank

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

VOOV

VOOV Risk / Return Rank: 73
VOOV Sharpe Ratio Rank: 73
VOOV Sortino Ratio Rank: 72
VOOV Omega Ratio Rank: 70
VOOV Calmar Ratio Rank: 74
VOOV Martin Ratio Rank: 75

IUSV

IUSV Risk / Return Rank: 72
IUSV Sharpe Ratio Rank: 71
IUSV Sortino Ratio Rank: 72
IUSV Omega Ratio Rank: 70
IUSV Calmar Ratio Rank: 73
IUSV Martin Ratio Rank: 74

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.

VOOV vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value ETF (VOOV) and iShares Core S&P U.S. Value ETF (IUSV). 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.

	VOOV	IUSV	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.29	+0.04
Sortino ratio: Return per unit of downside risk	3.23	3.20	+0.02
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.65	3.59	+0.06
Martin ratio: Return relative to average drawdown	13.95	13.74	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOOV vs. IUSV - Sharpe Ratio Comparison

The current VOOV Sharpe Ratio is 2.32, which is comparable to the IUSV Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of VOOV and IUSV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VOOV	IUSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.29	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.74	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.71	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.60	+0.15

Drawdowns

VOOV vs. IUSV - Drawdown Comparison

The maximum VOOV drawdown since its inception was -37.31%, smaller than the maximum IUSV drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for VOOV and IUSV.

Drawdown Indicators

	VOOV	IUSV	Difference
Max Drawdown Largest peak-to-trough decline	-37.31%	-56.88%	+19.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-6.36%	+0.09%
Max Drawdown (3Y) Largest decline over 3 years	-17.55%	-17.76%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-17.95%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-37.31%	-37.54%	+0.23%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.84%	-6.29%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	1.66%	-0.02%

Volatility

VOOV vs. IUSV - Volatility Comparison

Vanguard S&P 500 Value ETF (VOOV) and iShares Core S&P U.S. Value ETF (IUSV) have volatilities of 2.08% and 2.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOV	IUSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	2.13%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	7.19%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	9.86%	10.00%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.46%	14.56%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	17.07%	-0.13%

VOOV vs. IUSV - Expense Ratio Comparison

VOOV has a 0.07% expense ratio, which is higher than IUSV's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOOV vs. IUSV - Dividend Comparison

VOOV's dividend yield for the trailing twelve months is around 1.66%, which matches IUSV's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSV iShares Core S&P U.S. Value ETF	1.67%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%
VOOV Vanguard S&P 500 Value ETF	1.66%	1.76%	2.10%	1.69%	2.19%	1.87%	2.45%	2.10%	2.65%	2.13%	2.24%	2.36%

Frequently Asked Questions

Can I hold both VOOV and IUSV in my portfolio?

With a correlation of 1.00, VOOV and IUSV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VOOV or IUSV?

IUSV has higher volatility (2.13%) compared to VOOV (2.08%). In terms of maximum drawdown, VOOV dropped -37.31% vs IUSV's -56.88%.

Which ETF is better, VOOV or IUSV?

On 10-year performance, IUSV leads with 12.06% vs 11.86% for VOOV. On fees, IUSV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOV or IUSV?

Over the 10-year period, IUSV has performed better with a 12.06% return vs 11.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOV or IUSV?

IUSV is cheaper with a 0.04% expense ratio, compared with 0.07% for VOOV.

Which ETF pays a higher dividend yield, VOOV or IUSV?

VOOV and IUSV have nearly identical dividend yields, around 1.66%.

What is the main difference between VOOV and IUSV?

VOOV tracks S&P 500 Value Index, while IUSV tracks S&P 900 Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VOOV and 0.04% for IUSV.

Which has better risk-adjusted returns?

VOOV currently has the higher Sharpe Ratio (2.32 vs 2.29), 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.