IVV vs VTV: Correlation & Overlap
Measured on weekly returns over the past three years, iShares Core S&P 500 ETF (IVV) and Vanguard Value ETF (VTV) carry a correlation of 0.79, a strong link. By holdings, the two funds overlap 43.6% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and VTV?
On 3 years of weekly data the IVV/VTV correlation comes out at 0.79, strong. Lately the two have drifted apart, with the 1-year correlation at 0.57 versus 0.79 over 3 years. The 5-year figure is 0.85, and annualized covariance runs at 136.7 %².
Within IVV's tracked universe of 122 assets, VTV comes in at #36 by 3-year correlation. Over the last 12 months VTV came out ahead by 5.0 percentage points (+20.7% against +25.7%). Across three years, the rolling one-year figure varied moderately, from 0.57 to 0.91.
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 VTV: side by side
| IVV (iShares Core S&P 500 ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +20.7% | +25.7% |
| 5-year return | +83.0% | +79.1% |
| Volatility (ann.) | 14.5% | 11.9% |
| Beta vs S&P 500 | 1.00 | 0.65 |
| Max drawdown (3Y) | -18.8% | -14.5% |
| Dividend yield | 1.09% | 1.86% |
| Expense ratio | 0.03% | 0.03% |
| Assets under management | $869.2B | $256.4B |
| Sector / category | ETF · US Large Cap | ETF · US Style |
On the fund side, IVV sits in the Large Blend category at iShares, with $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield. On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Portfolio overlap between IVV and VTV
The two portfolios overlap heavily, with 294 holdings in common adding up to 43.6% of fund weight. Where correlation shows the co-movement, the overlap shows its source.
| Common holding | Weight in IVV | Weight in VTV |
|---|---|---|
| MU | 1.60% | 3.46% |
| JPM | 1.44% | 3.51% |
| BRK.B | 1.40% | 2.99% |
| XOM | 0.99% | 2.40% |
| JNJ | 0.98% | 2.30% |
| ABBV | 0.70% | 1.65% |
| WMT | 0.69% | 1.82% |
| CSCO | 0.67% | 1.53% |
| INTC | 0.66% | 0.68% |
| BAC | 0.61% | 1.47% |
| CVX | 0.57% | 1.39% |
| MRK | 0.57% | 1.20% |
| CAT | 0.57% | 1.40% |
| GE | 0.56% | 0.70% |
| UNH | 0.55% | 1.40% |
Largest positions held only by IVV: NVDA (7.67%), AAPL (6.96%), MSFT (5.57%), AMZN (3.85%), GOOGL (3.03%). Only by VTV: BRK.A (0.54%), LNG (0.21%), EA (0.20%), MSTR (0.12%), AVB (0.10%).
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 | VTV |
|---|---|---|
| 2022 | -18.2% | -2.1% |
| 2023 | +26.3% | +9.3% |
| 2024 | +24.9% | +16.0% |
| 2025 | +17.8% | +15.3% |
| 2026 | +13.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and VTV good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IVV and VTV?
The IVV/VTV correlation stands at 0.79 on a 3-year window (1 year: 0.57, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for IVV?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
How much do IVV and VTV overlap?
The two funds share 294 holdings amounting to 43.6% of weight, per issuer portfolio files dated 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ivv-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivv-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IVV correlations · VTV correlations
