IVV vs VUG: Grades, Fees and Holdings Compared

iShares Core S&P 500 ETF

IVVANYSE Arca

Vanguard Morningstar Growth ETF

VUGANYSE Arca

Overlap

56.6%by weight

Expense ratio

IVV0.03%VUG0.03%

Avg volume · 30D

IVV 1.01×the volume

IVV6.39MVUG6.32M

10Y return · a year

VUG +2.4pt

IVV+15.7%VUG+18.1%

IVV vs VUG Performance

Oct 28, 2021 – Oct 28, 2026

+80.7%IVV+75.1%VUG

Expense ratio: IVV 0.03%; VUG 0.03%
Fund size: IVV $889B; VUG $392B
1Y total return: IVV +13.7%, better; VUG +6.6%
Yield (12M): IVV 1.08%, better; VUG 0.39%
Holdings: IVV 507; VUG 136
Avg volume (30D): IVV 6.39M sh, better; VUG 6.32M sh
NAV per share: IVV $775.30; VUG $88.44
52W range

ETF.net Grade

Pillar letters and Scores for IVV, VUG, with each pillar’s weight
Pillar	IVV	VUG
Cost30% weight	A84	A96
Mission25% weight	A100	A99
Risk15% weight	C51	C50
Tradability15% weight	A80	B65
Holdings10% weight	B55	D29
Durability5% weight	A86	A91

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

IVV ranks 2nd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74

US Growth Index⁠

Category · 35 funds

See all 35 ›

VUG ranks 2nd of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 83
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 2AVUGVanguard Morningstar Growth ETFScore 78
Rank 5AILCGiShares Morningstar Growth ETFScore 77

Our read on each fund

ETF.net Research

IVVAiShares Core S&P 500 ETF

VUGAVanguard Morningstar Growth ETF

In short

IVV The 2000-vintage iShares take on the S&P 500, now a $100B-plus cornerstone holding: roughly 500 large US companies, 0.03% a year, and tracking that stays tight to the index.

VUG Three basis points buys roughly 170 US large-cap growth names. Running since 2004, over $100 billion in assets, and it tracks its index about as closely as an index fund can.

Stated mandate

IVV The fund seeks to track the investment results of an index made up of large-capitalization U.S. equities.

VUG The fund seeks to track a benchmark index measuring the investment return of large-capitalization growth stocks.

Why people hold it

IVV Costs 0.03% a year, a fraction of the typical fee among S&P 500 trackers, and undercuts the category's founding fund (SPY, 0.09%) on the same index.
Tracking is the whole job, and it does it about as tightly as this peer group gets: roughly 500 large US companies, no manager discretion bolted on.
A $100B-plus fund that trades heavily all session, which is what keeps bid-ask spreads thin for retail-sized orders and institutional blocks alike.
Running since 2000 as a registered open-end fund, with quarterly distributions and one of the longest live records in the S&P 500 aisle.ishares.com

VUG 0.03% a year against a 0.18% median for its growth peer group. A rival tracking the same declared index charges 0.36%, twelve times more for the same shopping list.vanguard.com
One of the largest and most heavily traded funds in US large-cap growth, and among the tightest index implementations in that group. Deep volume tends to mean thin spreads.
Trading since January 2004, so the record spans full market cycles rather than a backtest. Distributions land quarterly.

Worth knowing

IVV Pure US large cap. No mid caps, no small caps, nothing overseas, so it works as one slab of a portfolio rather than the whole thing.
It rides the index in both directions: when the S&P 500 has an ugly year, this has the same ugly year, minus the fee.
A near-identical rival shaves a basis point (SPYM at 0.02%). On $10,000 that gap is about a dollar a year, so structure and trading habits matter more.

VUG Cap-weighted, so the biggest mega-caps dominate the top of the book. That makes it one of the more concentrated portfolios in this cohort.vanguard.com
A style sleeve, not the whole market: growth screens only, large caps only. When growth is out of favor it can swing harder than a total-market fund.
SPYG and SCHG sit at 0.04%, so the price edge is a rounding error. The real gap is how each index defines a growth stock.

Full IVV profile⁠

Full VUG profile⁠

IVV vs VUG Holdings

Holdings as of Oct 28, 2026 for IVV and Oct 27, 2026 for VUG

How IVV and VUG differ

Overlap by weight

56.6%

Shared holdings make up 97.6% of VUG and 56.7% of IVV.

Level by level

Holdings113 in both56.6%
Sector11 Sectors71.0%
Countryby domicile97.9%
Asset classEquity100%

Sector

Sector weights in IVV and VUG, widest gap first
Sector	More in IVVMore in VUG	IVV	VUG
Technology	VUG +22.6 points	37.6%	60.2%
Financials	IVV +8.2 points	12.1%	3.9%
Health Care	IVV +5.7 points	9.9%	4.2%
Communication	VUG +5.5 points	9.2%	14.7%
Consumer Staples	IVV +3.7 points	5.0%	1.3%
Industrials	IVV +3.6 points	8.0%	4.4%
Energy	IVV +3.4 points	3.7%	0.3%
Utilities	IVV +2.0 points	2.0%	0.0%
Materials	IVV +1.3 points	1.7%	0.4%
Real Estate	IVV +0.9 points	1.8%	0.9%
Consumer Discretionary	VUG +0.8 points	9.0%	9.8%

Country, concentration and asset class

Country by domicile

Country weights in IVV and VUG, widest gap first
Country	More in IVVMore in VUG	IVV	VUG
United States	VUG +2.1 points	97.9%	100.0%
Ireland	IVV +1.2 points	1.2%	0.0%
Other countries (5)	IVV +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

IVV38.1%
VUG63.1%

Securities held

IVV504
VUG135

Asset class

IVV: Equity
VUG: Equity

Holdings

Only in IVV391
In both113
Only in VUG22

Only in IVV

391 securities, 43.2% of IVV by weight

Micron Technology1.58%
Berkshire Hathaway Inc Class B1.52%
JPMorgan Chase & Co1.34%
Exxonmobil Holdings Corp1.11%
Johnson & Johnson0.97%
Walmart0.80%
AbbVie0.76%
Chevron0.68%
Cisco Systems Inc0.66%
Procter & Gamble0.56%
UnitedHealth Group0.55%
Coca-Cola0.53%
Merck & Co Inc0.53%
Bank of America0.49%
Caterpillar Inc0.49%
Home Depot0.48%
Philip Morris International0.47%
Goldman Sachs Group0.40%
Rtx0.39%
Thermo Fisher Scientific0.38%
Wells Fargo0.38%
Amgen Inc0.36%
International Business Machines Co0.35%
Linde PLC0.35%
Morgan Stanley0.34%
Analog Devices0.31%
Citigroup0.31%
Salesforce0.30%
Gilead Sciences0.30%
Qualcomm0.30%
Walt Disney0.29%
Verizon Communications Inc0.27%
Pepsico0.27%
Abbott Laboratories0.27%
Union Pacific0.27%
Conocophillips0.27%
Nextera Energy0.26%
Pfizer0.26%
American Express0.25%
BlackRock0.25%
Deere0.24%
Eaton PLC0.22%
Charles Schwab0.22%
Danaher0.22%
Accenture PLC Class A0.22%
AT&T0.22%
S&P Global0.20%
Uber Technologies0.20%
Progressive0.20%
Lockheed Martin0.19%

Only in VUG

22 securities, 2.4% of VUG by weight

Cloudflare Inc0.33%
Snowflake Inc0.32%
Space Exploration Technologies Corp0.26%
Astera Labs Inc0.18%
Rocket Lab Corp0.14%
Waste Connections Inc0.13%
CoreWeave Inc0.11%
Alnylam Pharmaceuticals Inc0.11%
Atlassian Corp0.10%
ROBLOX Corp0.10%
MongoDB Inc0.09%
Zscaler Inc0.09%
LPL Financial Holdings Inc0.09%
HEICO Corp0.06%
Insmed Inc0.06%
Tradeweb Markets Inc0.05%
AST SpaceMobile Inc0.05%
HEICO Corp0.04%
SLBBH11420.04%
Cerebras Systems Inc0.04%
Symbotic Inc0.03%
Venture Global Inc0.03%

Weight gaps

The 100 widest of 113 Holdings in both funds.

Holding weights in IVV and VUG, widest gap first
Holding	More in IVVMore in VUG	IVV	VUG
NVIDIANVDA	VUG +5.57 points	7.92%	13.49%
AppleAAPL	VUG +4.90 points	7.61%	12.51%
MicrosoftMSFT	VUG +3.82 points	5.93%	9.75%
Alphabet Class AGOOGL	VUG +2.33 points	2.83%	5.16%
Meta Platforms Class AMETA	VUG +2.18 points	2.05%	4.23%
Broadcom IncAVGO	VUG +1.89 points	2.45%	4.34%
Alphabet Class CGOOG	VUG +1.83 points	2.26%	4.09%
Advanced Micro DevicesAMD	VUG +1.29 points	1.37%	2.66%
Eli LillyLLY	VUG +1.06 points	1.54%	2.60%
Tesla IncTSLA	VUG +0.93 points	1.72%	2.65%
Intel CorporationINTC	VUG +0.75 points	0.70%	1.45%
Lam ResearchLRCX	VUG +0.66 points	0.45%	1.11%
Applied Material IncAMAT	VUG +0.63 points	0.47%	1.10%
Visa Class AV	VUG +0.56 points	1.03%	1.59%
Amazon.com IncAMZN	VUG +0.53 points	3.73%	4.26%
Costco Wholesale CorpCOST	VUG +0.43 points	0.66%	1.09%
Mastercard Class AMA	VUG +0.42 points	0.74%	1.16%
Palantir Technologies Class APLTR	VUG +0.41 points	0.69%	1.10%
SandiskSNDK	VUG +0.41 points	0.29%	0.70%
KlaKLAC	VUG +0.40 points	0.30%	0.70%
NetflixNFLX	VUG +0.39 points	0.39%	0.78%
Palo Alto NetworksPANW	VUG +0.39 points	0.49%	0.88%
Seagate Technology Holdings PLCSTX	VUG +0.35 points	0.23%	0.58%
Ge VernovaGEV	VUG +0.33 points	0.36%	0.69%
Marvell TechnologyMRVL	VUG +0.32 points	0.32%	0.64%
OracleORCL	VUG +0.31 points	0.34%	0.65%
Arista NetworksANET	VUG +0.31 points	0.29%	0.60%
Crowdstrike Holdings Class ACRWD	VUG +0.30 points	0.41%	0.71%
Amphenol Corp Class AAPH	VUG +0.28 points	0.29%	0.57%
Western Digital CorpWDC	VUG +0.23 points	0.21%	0.44%
WelltowerWELL	VUG +0.21 points	0.25%	0.46%
BoeingBA	VUG +0.21 points	0.20%	0.41%
CorningGLW	VUG +0.19 points	0.15%	0.34%
TjxTJX	VUG +0.18 points	0.23%	0.41%
Vertex PharmaceuticalsVRTX	VUG +0.17 points	0.20%	0.37%
Booking HoldingsBKNG	VUG +0.17 points	0.17%	0.34%
Intuitive SurgicalISRG	VUG +0.17 points	0.24%	0.41%
FortinetFTNT	VUG +0.15 points	0.17%	0.32%
Quanta Services IncPWR	VUG +0.15 points	0.13%	0.28%
ServicenowNOW	VUG +0.15 points	0.24%	0.39%
Vertiv Holdings Class AVRT	VUG +0.15 points	0.12%	0.27%
Robinhood Markets Class AHOOD	VUG +0.15 points	0.11%	0.26%
Howmet AerospaceHWM	VUG +0.14 points	0.12%	0.26%
Lumentum HoldingsLITE	VUG +0.14 points	0.12%	0.26%
Equinix ReitEQIX	VUG +0.14 points	0.15%	0.29%
Applovin Class AAPP	VUG +0.13 points	0.11%	0.24%
Bloom Energy Class ABE	VUG +0.13 points	0.10%	0.23%
Datadog Inc Class ADDOG	VUG +0.13 points	0.14%	0.27%
Starbucks CorpSBUX	VUG +0.12 points	0.18%	0.30%
Cadence Design SystemsCDNS	VUG +0.13 points	0.14%	0.27%
TeradyneTER	VUG +0.11 points	0.08%	0.19%
Doordash Class ADASH	VUG +0.11 points	0.10%	0.21%
Comfort Systems UsaFIX	VUG +0.11 points	0.07%	0.18%
SynopsysSNPS	VUG +0.11 points	0.14%	0.25%
CoherentCOHR	VUG +0.10 points	0.07%	0.17%
Monolithic Power Systems IncMPWR	VUG +0.10 points	0.09%	0.19%
Motorola Solutions IncMSI	VUG +0.10 points	0.12%	0.22%
Hilton Worldwide HoldingsHLT	VUG +0.09 points	0.12%	0.21%
Oreilly Automotive IncORLY	VUG +0.10 points	0.11%	0.21%
EcolabECL	VUG +0.10 points	0.11%	0.21%
Marriott International Class AMAR	VUG +0.09 points	0.13%	0.22%
Airbnb Class AABNB	VUG +0.09 points	0.11%	0.20%
Moodys CorpMCO	VUG +0.09 points	0.11%	0.20%
CintasCTAS	VUG +0.09 points	0.11%	0.20%
Transdigm GroupTDG	VUG +0.09 points	0.09%	0.18%
FastenalFAST	VUG +0.09 points	0.09%	0.18%
CienaCIEN	VUG +0.09 points	0.07%	0.16%
Ww Grainger IncGWW	VUG +0.08 points	0.09%	0.17%
Targa ResourcesTRGP	VUG +0.08 points	0.10%	0.18%
Monster BeverageMNST	VUG +0.07 points	0.10%	0.17%
Coinbase Global Class ACOIN	VUG +0.08 points	0.05%	0.13%
Chipotle Mexican GrillCMG	VUG +0.08 points	0.05%	0.13%
Take Two Interactive SoftwareTTWO	VUG +0.08 points	0.05%	0.13%
Carvana Class ACVNA	VUG +0.07 points	0.06%	0.13%
AutozoneAZO	VUG +0.07 points	0.08%	0.15%
Idexx LaboratoriesIDXX	VUG +0.06 points	0.07%	0.13%
Block Class AXYZ	VUG +0.07 points	0.06%	0.13%
Dexcom IncDXCM	VUG +0.07 points	0.04%	0.11%
Veeva Systems Class AVEEV	VUG +0.07 points	0.07%	0.14%
AutodeskADSK	VUG +0.06 points	0.08%	0.14%
Workday Class AWDAY	VUG +0.06 points	0.06%	0.12%
Yum BrandsYUM	VUG +0.06 points	0.06%	0.12%
Texas InstrumentTXN	IVV +0.06 points	0.42%	0.36%
Mettler ToledoMTD	VUG +0.06 points	0.05%	0.11%
Live Nation EntertainmentLYV	VUG +0.06 points	0.04%	0.10%
Old Dominion Freight LineODFL	VUG +0.06 points	0.05%	0.11%
Super Micro Computer IncSMCI	VUG +0.06 points	0.03%	0.09%
Vulcan MaterialsVMC	VUG +0.06 points	0.05%	0.11%
Axon EnterpriseAXON	VUG +0.06 points	0.05%	0.11%
West Pharmaceutical ServicesWST	VUG +0.06 points	0.04%	0.10%
MsciMSCI	VUG +0.05 points	0.07%	0.12%
VerisignVRSN	VUG +0.05 points	0.04%	0.09%
Reddit Class ARDDT	VUG +0.05 points	0.03%	0.08%
Ares Management Class AARES	VUG +0.05 points	0.04%	0.09%
Verisk AnalyticsVRSK	VUG +0.04 points	0.04%	0.08%
Las Vegas SandsLVS	VUG +0.04 points	0.01%	0.05%
Flex LtdFLEX	VUG +0.03 points	0.05%	0.08%
Mcdonalds CorpMCD	IVV +0.03 points	0.27%	0.24%
Fair IsaacFICO	VUG +0.03 points	0.02%	0.05%
Tko Group Holdings Inc Class ATKO	VUG +0.02 points	0.02%	0.04%

All 505 IVV holdings⁠All 166 VUG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IVV vs VUG Cost

Same expense ratio

$638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IVV 0.03%
$638
VUG 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IVV 0.03%
VUG 0.03%

Year by year

Year	IVV	VUG
10	$55	$55
20	$216	$216
30	$638	$638

Expense ratio

0.03%IVV
0.03%VUG

Different Categories, so each fee sits in its own Category’s range.

IVV among 14 S&P 500 funds

IVV0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

IVV 2nd cheapest of 14 funds

VUG among 35 US Growth Index funds

VUG0.03%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

VUG cheapest of 35 funds

IVV vs VUG Dividends

Last 12 months to Oct 28, 2026

Yield (12M): IVV 1.08%, better; VUG 0.39%
Payout (12M): IVV $8.40; VUG $0.35
Last payment: IVV $2.20; VUG $0.09
Ex-dividend: IVV Sep 15, 2026; VUG Sep 28, 2026
Paid on: IVV Sep 18, 2026; VUG Sep 30, 2026
Frequency: IVV Quarterly; VUG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IVVQuarterly · 40 paymentsAll IVV payments⁠

VUGQuarterly · 39 paymentsAll VUG payments⁠

IVV vs VUG Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IVV 12.4%, betterVUG 16.9%
Return per unit of riskSharpe ratio, 3 years: IVV 1.37, betterVUG 1.21
Worst fallMax drawdown, 5 years: IVV −24.5%, betterVUG −35.6%
Market sensitivityBeta, 5 years: IVV 1.00VUG 1.27; Market = 1

IVV and VUG in the news

All news⁠

Head-to-Head
Own iShares Core S&P 500 ETF, IVV, unless you want the heavier growth bet in Vanguard Morningstar Growth ETF, VUG
Oct 16, 2026IVVVUG
Head-to-Head
VOO and IVV own the same S&P 500 stocks at the same fee
Oct 23, 2026IVV
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026IVV
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026VUG
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026IVV
Income Watch
A 25.22% distribution rate met a -0.32% SEC yield as the 10-year paid 5.01%
Sep 20, 2026IVV

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