Summit Showdown|
4 min
Updated December 2025
VOO vs IVV: Which S&P 500 ETF Should You Buy in 2025?
The two lowest-cost S&P 500 ETFs compared, Vanguard vs iShares for your portfolio.
Head-to-Head Comparison
Metric
VOO
IVV
Expense Ratio
0.03%
0.03%
Dividend Yield
1.32%
1.30%
5Y Total Return
15.20%
15.18%
Volatility
17.5%
17.5%
Distribution
Quarterly
Quarterly
Tax Efficiency
High
High
The Verdict by Scenario
Scenario
Vanguard account holders
VOO
VOO trades commission-free at Vanguard with seamless integration into their platform.
Scenario
Fidelity/Schwab account holders
IVV
IVV trades commission-free at most major brokerages and integrates well with iShares portfolios.
Scenario
Performance comparison
🤝Tie
Identical expense ratios and near-identical tracking. Returns differ by mere basis points, effectively the same fund.
In This Showdown
Compare Any ETFs
Use our interactive tool to compare expense ratios, yields, and growth projections.
LaunchSection 1Identical Twins
VOO and IVV both track the S&P 500 with 0.03% expense ratios. They hold the same 500 stocks in nearly identical weights. Performance differences are measured in hundredths of a percent. This is truly a coin-flip decision, pick whichever fits your brokerage ecosystem better.
Section 2VOO: The Vanguard Way
VOO benefits from Vanguard's unique mutual-fund-to-ETF share class structure, which provides slight tax advantages. For Vanguard account holders, VOO integrates seamlessly with other Vanguard funds. Vanguard's investor-owned structure means profits go back to shareholders through lower costs.
Section 3IVV: The iShares Standard
IVV is the iShares flagship S&P 500 ETF, part of BlackRock's massive ETF family. It has slightly higher daily trading volume than VOO and works well for investors building all-iShares portfolios. Many 401(k) plans use IVV as their S&P 500 option.
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Updated December 2025