VOOV vs. IVE

Last updated Jun 23, 2026

VOOV (Vanguard S&P 500 Value ETF) and IVE (iShares S&P 500 Value ETF) are both Large Cap Value Equities funds tracking the S&P 500 Value Index, from Vanguard and iShares respectively. Both are passively managed. Over the past 10 years, VOOV returned 12.14%/yr vs 12.06%/yr for IVE. With a 0.97 correlation, they move nearly in lockstep. VOOV charges 0.07%/yr vs 0.18%/yr for IVE.

Performance

VOOV vs. IVE - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with VOOV having a 7.89% return and IVE slightly lower at 7.78%. Both investments have delivered pretty close results over the past 10 years, with VOOV having a 12.14% annualized return and IVE not far behind at 12.06%.

VOOV

• 1D: 0.25%
• 1M: -0.07%
• YTD: 7.89%
• 6M: 7.27%
• 1Y: 21.39%
• 3Y*: 15.29%
• 5Y*: 11.39%
• 10Y*: 12.14%

IVE

• 1D: 0.20%
• 1M: -0.13%
• YTD: 7.78%
• 6M: 7.22%
• 1Y: 21.20%
• 3Y*: 15.15%
• 5Y*: 11.29%
• 10Y*: 12.06%

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

VOOV vs. IVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOV Vanguard S&P 500 Value ETF	7.89%	13.10%	12.21%	22.15%	-5.37%	24.87%	1.23%	31.75%	-9.09%	15.26%
IVE iShares S&P 500 Value ETF	7.78%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%

Correlation

The correlation between VOOV and IVE 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	1.00
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.97

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

VOOV vs. IVE - Sectors Allocation Comparison

Sectors	VOOV	IVE
Technology	19.0%	22.4%
Financial Services	15.0%	14.6%
Healthcare	11.6%	11.5%
Consumer Cyclical	11.1%	11.1%
Industrials	11.0%	10.4%
Consumer Defensive	9.5%	8.9%
Energy	7.6%	7.0%
Utilities	4.6%	4.3%
Basic Materials	3.5%	3.3%
Real Estate	3.4%	3.4%
Communication Services	3.3%	3.2%

Return for Risk

VOOV vs. IVE — Risk / Return Rank

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

VOOV

VOOV Risk / Return Rank: 69
VOOV Sharpe Ratio Rank: 69
VOOV Sortino Ratio Rank: 68
VOOV Omega Ratio Rank: 67
VOOV Calmar Ratio Rank: 70
VOOV Martin Ratio Rank: 72

IVE

IVE Risk / Return Rank: 69
IVE Sharpe Ratio Rank: 68
IVE Sortino Ratio Rank: 68
IVE Omega Ratio Rank: 67
IVE Calmar Ratio Rank: 71
IVE Martin Ratio Rank: 72

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. IVE - Risk-Adjusted Trends Comparison

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

	VOOV	IVE	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.15	+0.01
Sortino ratio: Return per unit of downside risk	2.98	2.98	+0.01
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	3.43	3.44	-0.01
Martin ratio: Return relative to average drawdown	13.00	13.05	-0.04

VOOV vs. IVE - Sharpe Ratio Comparison

The current VOOV Sharpe Ratio is 2.16, which is comparable to the IVE Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of VOOV and IVE, 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

VOOV vs. IVE - Drawdown Comparison

The maximum VOOV drawdown since its inception was -37.31%, smaller than the maximum IVE drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for VOOV and IVE.

Drawdown Indicators

	VOOV	IVE	Difference
Max Drawdown Largest peak-to-trough decline	-37.31%	-61.32%	+24.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-6.19%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-17.55%	-17.58%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-18.10%	-18.04%	-0.06%
Max Drawdown (10Y) Largest decline over 10 years	-37.31%	-37.04%	-0.27%
Current Drawdown Current decline from peak	-0.92%	-0.94%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.83%	-10.08%	+6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.63%	+0.02%

Volatility

VOOV vs. IVE - Volatility Comparison

Vanguard S&P 500 Value ETF (VOOV) and iShares S&P 500 Value ETF (IVE) have volatilities of 2.94% and 2.94%, 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	IVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.94%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	7.33%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	9.98%	9.95%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.44%	14.39%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	16.97%	-0.01%

VOOV vs. IVE - Expense Ratio Comparison

VOOV has a 0.07% expense ratio, which is lower than IVE's 0.18% expense ratio. Despite the difference, 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. IVE - Dividend Comparison

VOOV's dividend yield for the trailing twelve months is around 1.67%, more than IVE's 1.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVE iShares S&P 500 Value ETF	1.56%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%
VOOV Vanguard S&P 500 Value ETF	1.67%	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 IVE in my portfolio?

With a correlation of 1.00, VOOV and IVE 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 IVE?

IVE has higher volatility (2.94%) compared to VOOV (2.94%). In terms of maximum drawdown, VOOV dropped -37.31% vs IVE's -61.32%.

Which ETF is better, VOOV or IVE?

On 10-year performance, VOOV leads with 12.14% vs 12.06% for IVE. On fees, VOOV is cheaper at 0.07% 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 IVE?

Over the 10-year period, VOOV has performed better with a 12.14% return vs 12.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOV or IVE?

VOOV is cheaper with a 0.07% expense ratio, compared with 0.18% for IVE.

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

VOOV has the higher dividend yield at 1.67%, compared with 1.56% for IVE.

What is the main difference between VOOV and IVE?

Both ETFs track S&P 500 Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VOOV and 0.18% for IVE.

Which has better risk-adjusted returns?

VOOV currently has the higher Sharpe Ratio (2.16 vs 2.15), 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.