Dividend comparison
VTI vs IVV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard Morningstar Total Stock Market ETF and iShares Core S&P 500 ETF, side by side. Updated October 21, 2026.
- Fees. Both charge about 0.03% a year, so cost is not what separates them.
- Income. Their trailing yields are almost the same: 1.05% for VTI and 1.09% for IVV. Both pay quarterly.
- Performance. Over the last 5 years, IVV returned 80.1% versus 72.2% for VTI, with dividends reinvested. $10,000 would have grown to $18,014 in IVV and $17,219 in VTI.
- Risk. Their worst declines over the last 5 years were similar: -25.4% for VTI and -24.5% for IVV from peak to trough.
- Diversification. VTI holds 3,598 positions and IVV holds 504. The ten largest positions make up 34.6% of VTI and 38.6% of IVV.
- Overlap. At least 66% of the two portfolios overlap by weight, across 94 shared holdings.
- Dividend growth. IVV grew its yearly payout 8.8% a year over the last 4 years, versus 6.4% for VTI.
- Size. VTI is the larger fund with $2.3 trillion in assets, against $883.7 billion for IVV.
Bottom line: VTI fits better if you care most about broader diversification. IVV fits better if you care most about stronger 5-year returns and faster dividend growth.
| Metric | VTI Vanguard Morningstar Total Stock Market ETF | IVV iShares Core S&P 500 ETF |
|---|---|---|
| Dividend yield (TTM) | 1.05% | 1.09% |
| Dividend / share (TTM) | $3.95 | $8.40 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.9555 on Sep 30, 2026 | $2.2026 on Sep 18, 2026 |
| Ex-dividend date | Sep 28, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 6.4% over 4 yrs | 8.8% over 4 yrs |
| Price | $377.09 | $772.35 |
| Dividend growth streak | 5 years | 4 years |
| Beta | 1.02 | 1.00 |
| Max drawdown (5Y) | -25.4% | -24.5% |
| Market cap | $2.30T | $880.18B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.03% | 0.03% |
| Assets under management | $2.30T | $883.68B |
| Number of holdings | 3598 | 504 |
| Top 10 concentration | 34.6% | 38.6% |
VTI
$8.72/mo
$105 /yr at 1.05% yield
IVV
$9.06/mo
$109 /yr at 1.09% yield
| Year | VTI | IVV |
|---|---|---|
| 2025 | $3.7566 | $8.0399 |
| 2024 | $3.6743 | $7.6453 |
| 2023 | $3.4128 | $6.8988 |
| 2022 | $3.1833 | $6.3933 |
| 2021 | $2.9303 | $5.7272 |
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
What VTI vs IVV actually do
It tracks the CRSP US Total Market Index at market-cap weights, so the largest 500 names still dominate the return and it behaves much like an S&P 500 fund in practice. The difference is the long tail of mid, small and micro-cap companies that an S&P 500 fund leaves out entirely. Over a full cycle that tail changes the risk profile more than it changes the headline return, and dividend yield sits slightly below a large-cap-only fund because smaller companies pay out less.
Suits an investor who wants one holding to cover US equity without deciding where the size cutoff should sit. Not an income vehicle, and it adds no geographic diversification.
Core holding
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
| Period | VTI | IVV |
|---|---|---|
| 1 month | 0.69% | 0.97% |
| 3 months | 3.22% | 3.43% |
| Year to date | 13.43% | 12.76% |
| 1 year | 15.24% | 14.49% |
| 3 years | 87.48% | 87.50% |
| 5 years | 72.19% | 80.14% |
- VTI
- IVV
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
- VTI
- IVV
| Largest shared holdings | VTI weight | IVV weight |
|---|---|---|
| NVDANVIDIA Corp | 7.13% | 7.91% |
| AAPLApple Inc | 6.63% | 7.54% |
| MSFTMicrosoft Corp | 5.19% | 5.97% |
| AMZNAmazon.com Inc | 3.30% | 3.88% |
| GOOGLAlphabet Inc | 2.76% | 3.04% |
| AVGOBroadcom Inc | 2.28% | 2.40% |
| METAMeta Platforms Inc | 2.18% | 2.34% |
| GOOGAlphabet Inc | 2.18% | 2.44% |
| MUMicron Technology Inc | 1.64% | 1.54% |
| TSLATesla Inc | 1.36% | 1.56% |
VTI3598 holdings total
Quick verdict
VTI fits better if you care most about broader diversification. IVV fits better if you care most about stronger 5-year returns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Frequently asked questions
Is VTI or IVV better for dividend income?
What is the difference between VTI and IVV?
Which is cheaper, VTI or IVV?
Which has performed better, VTI or IVV?
Which is riskier, VTI or IVV?
How much do VTI and IVV overlap?
How often do VTI and IVV pay dividends?
How much income does $10,000 in VTI vs IVV generate?
Can I hold both VTI and IVV?
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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.