VOO vs. IVV comparison: costs 0.03% with nearly identical performance
VOO and IVV have identical expense ratios of 0.03% and track the same index, with nearly identical long-term performance. VOO has a larger amount of assets under management at 1 trillion 7,000 billion dollars, while IVV has a longer operating history and a slightly higher dividend yield.
The Vanguard S&P 500 ETF (VOO) and iShares Core S&P 500 ETF (IVV) both track the S&P 500 Index. The two products are described as having the same target index and basic investment strategy. Their respective objective is to invest cost-effectively in a broad range of large-cap U.S. stocks.
The comparison found that the two funds have identical expense ratios of 0.03%. They are also assessed as having virtually no difference in long-term performance. The report says that the return patterns of the two products were very similar in the performance comparison.
VOO is larger in terms of asset size. VOO's assets under management are around 1 trillion 7,000 billion dollars. IVV, meanwhile, has a longer operating record, and its dividend yield is slightly higher than VOO's.
Both funds provide broad exposure to the S&P 500at low cost. The report describes the two products as options for long-term investors seeking inexpensive exposure to a market benchmark index. Investors can review differences including assets under management, operating history, and dividend yield.
Overall, the practical differences between the two funds are small. Their costs are identical, and their performance patterns are nearly the same. Investors can choose based on their preferred asset manager, trading environment, dividend characteristics, and other factors.
Sources: The Motley Fool
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