IVV vs VT: Correlation & Overlap
iShares Core S&P 500 ETF (IVV) and Vanguard Total World Stock ETF (VT) show a very strong relationship: their 3-year correlation of weekly returns is 0.96. By holdings, the two funds overlap 57.6% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and VT?
Across a 3-year window, the weekly returns of IVV and VT correlate at 0.96, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.95) sits close to the 3-year figure. Stretching to 5 years gives 0.97, with an annualized covariance of 194.0 %².
Among the 122 assets we track against IVV, VT ranks #7 by 3-year correlation. Their 12-month results are close: +20.7% for IVV against +22.7% for VT. Stability stands out here, with the rolling one-year correlation confined to 0.95 through 0.98.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
IVV vs VT: side by side
| IVV (iShares Core S&P 500 ETF) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +20.7% | +22.7% |
| 5-year return | +83.0% | +67.7% |
| Volatility (ann.) | 14.5% | 13.9% |
| Beta vs S&P 500 | 1.00 | 0.92 |
| Max drawdown (3Y) | -18.8% | -16.5% |
| Dividend yield | 1.09% | 1.59% |
| Expense ratio | 0.03% | 0.06% |
| Assets under management | $869.2B | $97.9B |
| Sector / category | ETF · US Large Cap | ETF · Global |
IVV, iShares's Large Blend fund, carries $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield. VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Portfolio overlap between IVV and VT
The two portfolios overlap heavily: 57.6% of the funds' weight sits in the same underlying holdings (500 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in IVV | Weight in VT |
|---|---|---|
| NVDA | 7.67% | 4.20% |
| AAPL | 6.96% | 4.00% |
| MSFT | 5.57% | 3.09% |
| AMZN | 3.85% | 2.36% |
| GOOGL | 3.03% | 1.89% |
| AVGO | 2.54% | 1.62% |
| GOOG | 2.42% | 1.49% |
| META | 1.91% | 1.10% |
| JPM | 1.44% | 0.84% |
| MU | 1.60% | 0.83% |
| LLY | 1.42% | 0.82% |
| TSLA | 1.47% | 0.81% |
| BRK.B | 1.40% | 0.75% |
| AMD | 1.18% | 0.69% |
| XOM | 0.99% | 0.58% |
Largest positions held only by IVV: VMRK (0.07%), ERIE (0.01%), PSKY (0.01%). Only by VT: 2330 (1.61%), 005930 (0.72%), ASML (0.57%), 000660 (0.56%), 700 (0.34%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | IVV | VT |
|---|---|---|
| 2022 | -18.2% | -18.0% |
| 2023 | +26.3% | +22.0% |
| 2024 | +24.9% | +16.5% |
| 2025 | +17.8% | +22.4% |
| 2026 | +13.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and VT good diversifiers for each other?
No. With a correlation of 0.96, IVV and VT move nearly in lockstep, so holding both adds very little diversification. The 57.6% holdings overlap makes the redundancy concrete: much of it is the same book twice.
FAQ
What is the correlation between IVV and VT?
Using weekly returns as of 2026-08-27: 0.96 over 3 years, with 0.95 over the last year and 0.97 over 5 years.
Is VT a good diversifier for IVV?
No. With a correlation of 0.96, IVV and VT move nearly in lockstep, so holding both adds very little diversification. The 57.6% holdings overlap makes the redundancy concrete: much of it is the same book twice.
How much do IVV and VT overlap?
57.6% by weight, across 500 common holdings, based on issuer-disclosed portfolios as of 2026-08-26.
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Hubs: IVV correlations · VT correlations
