IVV vs VTI: Which Should You Buy?
Same 0.03% fee, about 87% the same holdings.
Over the period we can measure, IVV has returned about 0.6% a year more and overlap about 87% by weight. Pick IVV for the tighter 504-holding portfolio; pick VTI to own 3,598 instead. Both cost 0.03% per year.
This is purely for informational purposes, not investment advice. Always consult a professional before making investment decisions.
IVV wins if...
You want the tighter portfolio: 504 holdings rather than 3,598.
VTI wins if...
You want maximum diversification: 3,598 holdings covering the broader market, tracking the CRSP US Total Market Index.
IVV vs VTI, side by side
The numbers that actually differ are highlighted.
| Metric | IVViShares Core S&P 500 ETF | VTIVanguard Morningstar Total Stock Market ETF |
|---|---|---|
| Index tracked | — | CRSP US Total Market Index |
| Number of holdings | 504 | 3,598 |
| Expense ratio | 0.03% | 0.03% |
| Dividend yield | 1.10% | 1.04% |
| AUM | $822.62B | $2.30T |
| Top 10 concentration | 38.2% | 33.5% |
| 10-yr total return | 15.4% | 14.9% |
| 5-yr total return | 13.5% | 12.3% |
| Beta (vs S&P 500) | 1.00 | 1.02 |
| Max drawdown (10yr) | -33.9% | -35.0% |
| Market-cap coverage | Large cap | Large + mid + small |
| Inception | 2000 | 2001 |
— means the figure is not reported for that fund.
IVV holds 504 positions. VTI holds 3,598, a broader slice of the same market.
How much do IVV and VTI overlap?
The single most decision-relevant fact, and the one most comparisons skip.
- Shared
- 86.9%
- VTI-only
- 13.1%
~87% identical by weight
474 weighted positions appear in both funds, and by weight about 87% of the two portfolios is the same exposure. Where a stock sits in both, the shared share is whichever weight is smaller. That is the part of a dollar that behaves identically in either fund.
The difference is VTI's remaining 3,094 positions, which IVV does not hold at all. They are smaller by weight, which is why the two track each other closely and drift apart only at the margins.
Growth of $10,000: IVV vs VTI
Growth of $10,000
10 years
Which should you choose?
- You want concentrated exposure: 504 holdings, not 3,598
- You want the higher yield: 1.10% against 1.04%
- You want the wider net: 3,598 holdings against 504
- You want to track the CRSP US Total Market Index
- You want the larger, more heavily traded fund ($2.3T)
Compare and track all ETFs in your sheet
Type =WISE("IVV","dividend yield","ttm") or =WISEFUNDS("IVV","expense ratio") in Excel or Google Sheets and the fund's data lands in your sheet, ready to be refreshed when you want.
Get The Add-in - FreeIVV vs VTI frequently asked questions
IVV has the stronger record, by about 0.6% a year and they overlap roughly 87% by weight. Both charge 0.03%, so cost is not the deciding factor.
IVV holds 504 positions. VTI holds 3,598, a broader slice of the same market.
Yes, by about 87% by weight. 474 weighted positions appear in both funds. Because the largest positions dominate both portfolios, the two behave similarly day to day.
You can, but there is little reason to. At about 87% overlap, owning both mostly duplicates the same positions and adds little diversification.