IVV vs VTI: Correlation & Overlap
Measured on weekly returns over the past three years, iShares Core S&P 500 ETF (IVV) and Vanguard Total Stock Market ETF (VTI) carry a correlation of 1.00, a very strong link. Looking through to holdings, 88.5% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and VTI?
Across a 3-year window, the weekly returns of IVV and VTI correlate at 1.00, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.99) sits close to the 3-year figure. Stretching to 5 years gives 1.00, with an annualized covariance of 211.2 %².
VTI is one of the assets that tracks IVV most closely: it ranks #3 out of the 122 assets we track against IVV. Neither side won the trailing year by much: +20.7% against +20.7%. The rolling one-year correlation stayed in a tight band between 0.99 and 1.00 over the past three years, which points to a structural rather than episodic relationship.
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 VTI: side by side
| IVV (iShares Core S&P 500 ETF) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +20.7% | +20.7% |
| 5-year return | +83.0% | +74.8% |
| Volatility (ann.) | 14.5% | 14.6% |
| Beta vs S&P 500 | 1.00 | 1.01 |
| Max drawdown (3Y) | -18.8% | -19.3% |
| Dividend yield | 1.09% | 1.06% |
| Expense ratio | 0.03% | 0.03% |
| Assets under management | $869.2B | $2,290.0B |
| Sector / category | ETF · US Large Cap | ETF · US Large Cap |
IVV, iShares's Large Blend fund, carries $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield. VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Portfolio overlap between IVV and VTI
The two portfolios are near-duplicates: 88.5% 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 VTI |
|---|---|---|
| NVDA | 7.67% | 6.42% |
| AAPL | 6.96% | 6.31% |
| MSFT | 5.57% | 4.80% |
| AMZN | 3.85% | 3.66% |
| GOOGL | 3.03% | 2.91% |
| AVGO | 2.54% | 2.56% |
| GOOG | 2.42% | 2.32% |
| META | 1.91% | 1.70% |
| LLY | 1.42% | 1.36% |
| JPM | 1.44% | 1.31% |
| MU | 1.60% | 1.29% |
| BRK.B | 1.40% | 1.28% |
| TSLA | 1.47% | 1.22% |
| AMD | 1.18% | 1.08% |
| XOM | 0.99% | 0.90% |
Largest positions held only by IVV: NXPI (0.09%), VMRK (0.07%), AMCR (0.03%). Only by VTI: SNOW (0.13%), NET (0.12%), SPCX (0.09%), BE (0.08%), LNG (0.08%).
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 | VTI |
|---|---|---|
| 2022 | -18.2% | -19.5% |
| 2023 | +26.3% | +26.0% |
| 2024 | +24.9% | +23.8% |
| 2025 | +17.8% | +17.1% |
| 2026 | +13.7% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and VTI good diversifiers for each other?
Not really. At 1.00, the two trade almost as one position, and owning both buys little extra protection. They also hold much of the same portfolio (88.5% overlap), so the exposure is doubly redundant.
FAQ
What is the correlation between IVV and VTI?
As of 2026-08-27, the correlation of weekly returns between IVV and VTI is 1.00 over 3 years, 0.99 over 1 year and 1.00 over 5 years.
Is VTI a good diversifier for IVV?
Not really. At 1.00, the two trade almost as one position, and owning both buys little extra protection. They also hold much of the same portfolio (88.5% overlap), so the exposure is doubly redundant.
How much do IVV and VTI overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 88.5% by weight over 500 common positions.
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Related comparisons
Hubs: IVV correlations · VTI correlations
