ETF Review is currently under construction — content and data may be incomplete. Follow @etfreview on Instagram to be notified when we launch.
🚧IVV vs V500 — two S&P 500 ETFs, one obvious winner?
Both track the S&P 500 identically. But IVV has been doing it since 2007 at 0.03%, while Vanguard's V500 launched in 2022 at 0.07%. We break down whether the fee gap matters and when you'd choose one over the other.
IVV wins on fee (0.03% vs 0.07%) and track record (2007 vs 2022). V500 wins on brand trust for Vanguard loyalists. For most investors, IVV is the clear choice — unless you have a specific reason to prefer Vanguard.
Head-to-head stats
| IVV | V500 | |
|---|---|---|
| MER | 0.03% | 0.07% |
| Index | S&P 500 | S&P 500 |
| 1YR Return | +21.4% | +21.1% |
| AUM | ~$13.1B | ~$1.2B |
| Provider | iShares (BlackRock) | Vanguard Australia |
| Inception | 2007 | 2022 |
| Distribution | Semi-annual | Semi-annual |
| Currency | Unhedged | Unhedged |
IVV and V500 are 99% identical
Both ETFs track the exact same index — the S&P 500. They hold the same 500 US companies in the same market-cap weighted proportions. The overlap is effectively 100%.
What does 0.04% actually cost you?
The fee gap is just 0.04% — about $40 on a $100,000 investment. But compounding makes small differences add up significantly over time.
Why would anyone choose V500?
On pure numbers, IVV wins every category. But there are genuine reasons some investors prefer V500:
IVV vs V500 — the bottom line
"Both track the S&P 500 identically. IVV is cheaper, older, and larger. V500 is a credible alternative from a trusted provider but cannot justify its higher fee when the underlying product is identical. Unless you have a specific reason to prefer Vanguard, IVV wins."
See IVV vs V500 side by side
Use our Overlap Tool to visualise how IVV and V500 compare in your portfolio.
Related comparisons
General information only. Not financial advice. All return and fee data is approximate. Fee compounding calculations are for illustration only — actual results will vary. Past performance is not a reliable indicator of future returns. ETF Review is independent and has no affiliation with iShares, BlackRock, Vanguard, or any fund manager.