What is the expense ratio of IVV vs VYM?

IVV has an expense ratio of 0.03%, while VYM has an expense ratio of 0.04%.

IVV vs VYM

iShares Core S&P 500 ETF vs Vanguard High Dividend Yield Index Fund ETF Shares

Last updated: 2026-04-10

IVV iShares

iShares Core S&P 500 ETF (IVV) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.18%. Launched in 2000, the fund has a 26-year track record.

AUM: $743.8B ER: 0.03% Yield: 1.18% Since: May 15, 2000

VYM Vanguard

Vanguard High Dividend Yield Index Fund ETF Shares (VYM) is an exchange-traded fund issued by Vanguard that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 2.31%. Launched in 2006, the fund has a 20-year track record.

AUM: $74.7B ER: 0.04% Yield: 2.31% Since: Nov 10, 2006

Quick Verdict

Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. IVV has edged ahead over the past year (29.6% vs 27.9%). Income investors may prefer VYM for its higher yield (2.3% vs 1.2%).

Key Metrics

Metric	IVV	VYM
Expense Ratio	0.03%	0.04%
Dividend Yield	1.2%	2.3%
Fund Family	iShares	Vanguard
Category	US Large Cap Blend	US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

IVV +65.3%

VYM +48.6%

Performance Comparison

Period	IVV	VYM	Difference
1 Month	+0.54%	+1.40%	-0.86%
3 Months	-2.17%	+3.22%	-5.39%
6 Months	+2.53%	+9.20%	-6.67%
YTD	-0.45%	+5.27%	-5.72%
1 Year	+29.60%	+27.88%	+1.72%
3 Years	+66.01%	+42.71%	+23.30%
5 Years	+65.33%	+48.59%	+16.74%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	IVV Fees	VYM Fees	You Save
$10,000	10 years	$60	$80	$20
$10,000	20 years	$258	$344	$86
$10,000	30 years	$835	$1,112	$277
$50,000	10 years	$299	$399	$100
$50,000	30 years	$4,176	$5,560	$1,385
$100,000	30 years	$8,352	$11,121	$2,769

Risk Metrics

Based on 5 years of daily returns

Metric	IVV	VYM
Annualized Volatility	16.9%	14.0%
Max Drawdown	-25.4%	-17.5%
Sharpe Ratio	0.42	0.32

Dividend Comparison

Metric	IVV	VYM
Annual Dividend (per share)	$8.06	$3.51
Dividend Yield	1.18%	2.31%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

1 of top 9 holdings overlap (11% overlap in top holdings)

IVV Top Holdings

Name	Weight
NVIDIA CorporationNVDA	7.60%
Apple Inc.AAPL	6.53%
Microsoft CorporationMSFT	4.77%
Amazon.com, Inc.AMZN	3.71%
Broadcom Inc.AVGO	2.86%
Alphabet Inc.GOOG	2.53%
Meta Platforms, Inc.META	2.30%
Tesla, Inc.TSLA	1.66%
Berkshire Hathaway Inc.BRK.B	1.51%

VYM Top Holdings

Name	Weight
Broadcom Inc.AVGO	6.48%
JPMorgan Chase & Co.JPM	3.36%
Exxon Mobil CorporationXOM	2.83%
Johnson & JohnsonJNJ	2.63%
Walmart Inc.WMT	2.44%
AbbVie Inc.ABBV	1.81%
The Procter & Gamble CompanyPG	1.72%
The Home Depot, Inc.HD	1.66%
Chevron CorporationCVX	1.54%
Caterpillar Inc.CAT	1.51%

Which One Should You Choose?

Choose VYM if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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