IVV and VTS overlap by about 91%: owning both mostly doubles up. VTS is cheaper (0.03% vs 0.04% a year), about $10 a year less on $100,000. IVV is the bigger fund ($14.9b vs $7.3b). Both are US shares. VTS adds thousands of mid and small companies (the total market). VTS is a US-listed fund, so you need to complete a US W-8BEN tax form.
📅 As at 30 September 2026: fees, size, flows and returns from the TMX Australia funds report; overlap from published holdings as at 30 October 2026.
IVV
iShares S&P 500 ETFIVV invests in the 500 large US companies in the S&P 500 index, weighted by size. It is one of the cheapest ETFs on the ASX.
VTS
Vanguard Morningstar Us Total Mkt Shares Index ETFVTS invests in the whole US share market, around 3,500 large, mid and small companies.
IVV vs VTS side by side
Green marks the cheaper, bigger or better-performing fund on each line. Past returns are not a reliable guide to the future.
| IVV | VTS | |
|---|---|---|
| Issuer | iShares (BlackRock) | Vanguard |
| Index | S&P 500 Index | CRSP US Total Market Index |
| Fee (a year) | 0.04% | 0.03% |
| Size | $14.9b | $7.3b |
| Net money in, September | −$84m | +$84m |
| 1-year return | +10.1% | +9.8% |
| 5-year return | +88% | +79% |
| Listed | 2007 | 2009 |
| Top 10 holdings | 41% of fund | 41% of fund |
| Trend now | Base | Base |
How much do IVV and VTS overlap?
About 91% of their holdings are the same, by weight: high overlap, so owning both mostly doubles up.
The biggest companies they both own
| Company | IVV | VTS |
|---|---|---|
| NVIDIA CorpInformation Technology | 8.1% | 8.5% |
| Apple IncInformation Technology | 8.2% | 7.5% |
| Microsoft CorpInformation Technology | 6.3% | 5.9% |
| Alphabet (Google)Communication Services | 4.8% | 5.6% |
| Amazon.com IncConsumer Discretionary | 3.8% | 3.8% |
| Broadcom IncInformation Technology | 2.5% | 2.6% |
| Meta Platforms IncCommunication Services | 2.2% | 2.5% |
| Micron Technology IncInformation Technology | 1.6% | 1.9% |
| Tesla IncConsumer Discretionary | 1.8% | 1.5% |
| Berkshire HathawayFinancials | 1.7% | 1.4% |
Only in IVV
- No holdings above 0.5%: the differences are all small positions.
Only in VTS
- No holdings above 0.5%: the differences are all small positions.
Sectors and countries
Sectors
Countries
Trend: base, uptrend or downtrend?
Past year of prices, shaded by trend stage. The dashed line is the 200-day exponential average. As at 4 November 2026. How base and trend works.
IVV or VTS: which suits who?
Where either fits depends on the rest of your portfolio: whether it’s your core or a satellite. See core and satellite investing and our full profiles of IVV.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
IVV vs VTS FAQs
Is IVV or VTS better?
Neither is better for everyone. Both are US shares. VTS adds thousands of mid and small companies (the total market). VTS is a US-listed fund, so you need to complete a US W-8BEN tax form. Choose IVV if you want an Australian-domiciled fund with no US tax paperwork. Choose VTS if you want the whole US market, including small companies, for the lowest fee, and don’t mind the W-8BEN form.
What is the difference between IVV and VTS?
IVV and VTS overlap by about 91%: owning both mostly doubles up. VTS is cheaper (0.03% vs 0.04% a year), about $10 a year less on $100,000. IVV is the bigger fund ($14.9b vs $7.3b). Both are US shares. VTS adds thousands of mid and small companies (the total market). VTS is a US-listed fund, so you need to complete a US W-8BEN tax form.
Should I own both IVV and VTS?
Usually there’s little point. With 91% overlap, owning both mostly doubles up on the same companies. Pick one.
Which is cheaper, IVV or VTS?
VTS is cheaper (0.03% vs 0.04% a year), about $10 a year less on $100,000. Fees are taken from the fund’s returns, not charged separately.
Fees, size, flows and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns and the 5-year figure is cumulative. Overlap, sectors and countries are based on each fund’s published holdings, scaled to the part of each fund we can see; VTS: Shown via the S&P 500 (V500) as a stand-in for the whole US market.. Trend stages are a technical indicator based on 10, 20, 50 and 200-day exponential moving averages; they describe the past, not the future. General information only, not a recommendation to buy or sell IVV or VTS. Consider the PDS and TMD, and your own circumstances, before investing.