Dividend comparison

VOO vs IVV: Which Is Better for Income?

Side-by-side yield, projected income, and dividend fundamentals for Vanguard S&P 500 ETF and iShares Core S&P 500 ETF. Updated July 26, 2026.

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Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricVOO
Vanguard S&P 500 ETF
IVV
iShares Core S&P 500 ETF
Dividend yield (TTM)——
Dividend / share (TTM)——
Price$679.14$742.36
Payout ratio (TTM)——
Dividend growth streak5 years4 years
Beta1.001.00
Market cap$1.69T$896.16B
ExchangeAMEXAMEX
Expense ratio0.03%0.03%
Assets under management$1.70T$866.46B
Number of holdings505504
Top 10 concentration36.3%37.5%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

VOO

—/mo

Yield data unavailable

IVV

—/mo

Yield data unavailable

Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What VOO vs IVV actually do

VOO
Vanguard's S&P 500 tracker, holding the 500 large-cap US companies in the index at their market-cap weights.

It replicates the index in full and makes no attempt to pick winners, so its return is the index return less a very small fee. As an open-end fund it can lend securities and put incoming dividends back to work inside the portfolio between the quarterly payment dates. Dividends are whatever the underlying companies happen to pay, which means yield is an output of the strategy and never a target of it.

Suits almost any long-horizon US equity allocation, including as the growth engine sitting behind higher-yielding income positions. Not a fit for someone whose portfolio needs to produce meaningful current cash flow.

Core holding

IVV
BlackRock's iShares S&P 500 fund, tracking the same index as its Vanguard and State Street rivals.

It holds the full index at market-cap weights and, like VOO, is structured as an open-end fund, so it can reinvest income internally and lend out securities. Differences against the other S&P 500 trackers come down to fee, share price, spread and where the fund trades commission-free, not to what is inside it. Tracking difference between the cheap S&P 500 funds is small enough that platform and tax considerations usually decide the choice.

Suits an investor who wants core S&P 500 exposure and already holds other iShares funds or trades on a platform where iShares is cheapest. There is no income case for it beyond the index's own dividends.

Core holding

Performance
Trailing returns from the adjusted closing price series.
PeriodVOOIVV
1 month0.80%0.77%
3 months3.76%3.50%
Year to date8.95%8.38%
1 year17.81%16.78%
3 years69.25%67.76%
5 years80.27%78.71%
  • VOO
  • IVV
75132190202120222023202420252026180179

Both series indexed to 100 on 2021-07-24 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • VOO
  • IVV
0%10%19%29%39%Technology38.6%38.4%Financial Services11.4%12.0%Communication Services9.9%9.8%Consumer Cyclical9.5%9.2%Healthcare8.9%8.9%Industrials8.5%8.0%Consumer Defensive4.5%4.5%Energy3.0%3.3%Utilities2.2%2.2%Real Estate1.8%1.9%Other1.9%1.9%
Top 10 holdings
Largest positions by portfolio weight.

VOO505 holdings total

NameWeight
NVDANVIDIA Corp7.50%
AAPLApple Inc6.57%
MSFTMicrosoft Corp4.29%
AMZNAmazon.com Inc3.61%
GOOGLAlphabet Inc3.24%
AVGOBroadcom Inc2.77%
GOOGAlphabet Inc2.58%
MUMicron Technology Inc2.01%
METAMeta Platforms Inc1.91%
TSLATesla Inc1.83%

IVV504 holdings total

NameWeight
NVDANVIDIA CORP7.95%
AAPLAPPLE INC7.41%
MSFTMICROSOFT CORP4.49%
AMZNAMAZON.COM INC3.71%
GOOGLALPHABET INC CLASS A3.11%
AVGOBROADCOM INC2.91%
GOOGALPHABET INC CLASS C2.50%
METAMETA PLATFORMS INC CLASS A2.13%
MUMICRON TECHNOLOGY INC1.68%
TSLATESLA INC1.63%

Quick verdict

Compare the metrics above, then add both tickers to a Dividend Wealth portfolio to see combined income forecasts and diversification impact.

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Frequently asked questions

Is VOO or IVV better for dividend income?
Compare yield, payout sustainability, and how each fund or stock fits your income goals. Use Dividend Wealth to model both holdings inside a real portfolio forecast.
What is the difference between VOO and IVV?
Vanguard S&P 500 ETF (VOO) is an ETF listed on AMEX. iShares Core S&P 500 ETF (IVV) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, price, payout ratio, dividend growth streak, beta, and market cap when available.
Can I hold both VOO and IVV?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare VOO vs IVV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOO and IVV fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.