IMCV vs VOO
iShares Morningstar Mid-Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, IMCV or VOO?
Mid Cap Value against Large Cap Blend.
VOO has a lower expense ratio. IMCV led over 1Y, VOO over 3Y, 5Y and the full window. IMCV is less concentrated, with 13.2% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IMCV | VOO |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $1.2B | $1.0T |
| Dividend Yield | 1.99% | 1.06% |
| Holdings | 273 | 506 |
| YTD Return | +16.35%Best | +13.57% |
| 1Y Return | +21.97%Best | +17.55% |
| 3Y Return (annualized) | +18.89% | +22.46%Best |
| 5Y Return (annualized) | +10.13% | +13.28%Best |
| Volatility (annualized) | 16.5% | 14.1%Best |
| Max Drawdown | -46.3% | -34.3%Best |
| $10,000 over 5 years | $16,200 | $18,654Best |
| Top 10 Weight | 13.2%Best | 37.9% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 28, 2004 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 14, 2026 (16.1 years).
IMCV vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.1 years both funds cover.
IMCV vs VOO Performance
iShares Morningstar Mid-Cap Value ETF (IMCV) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IMCV returned +21.97% while VOO returned +17.55%. Year to date, IMCV is up 16.35% versus a gain of 13.57% for VOO.
Over three years, IMCV compounded at +18.89% per year against +22.46% for VOO; over five years the annualized figures are +10.13% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.40% annualized vs +10.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMCV has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.3% for IMCV and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IMCV charges 0.06% per year while VOO charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, IMCV currently yields 1.99% against 1.06% for VOO.
Holdings Overlap
90.4% of IMCV's money is in holdings VOO also owns. 13.7% of VOO's money is in holdings IMCV also owns.
Most of IMCV is already inside VOO. Owning both mostly buys the same companies twice.
225 positions in common, counted across the 270 positions we hold weights for in IMCV and 504 in VOO, against full books of 273 and 506.
What only one of them owns
Our book lists 277 positions for VOO that do not appear in our book for IMCV (86.3% of the fund), and 38 for IMCV that do not appear in VOO (8.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IMCV | Weight in VOO | Difference |
|---|---|---|---|
| VLOValero Energy | 1.71% | 0.16% | 1.55% |
| ADPAutomatic Data Processing, Inc. | 1.53% | 0.17% | 1.36% |
| PSXPhillips 66 | 1.53% | 0.15% | 1.38% |
| USBUS Bancorp | 1.30% | 0.14% | 1.16% |
| PNCPnc Financial Services Group Inc. | 1.28% | 0.15% | 1.13% |
| MMM3m Co. | 1.23% | 0.14% | 1.09% |
| HPEHewlett Packard Enterprise Co | 1.25% | 0.10% | 1.15% |
| ELVElevance Health Inc | 1.16% | 0.13% | 1.03% |
| TRVThe Travelers Cos, Inc. | 1.10% | 0.12% | 0.98% |
| EOGEog Resources Inc | 1.08% | 0.12% | 0.96% |
90.4% of IMCV is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IMCV or VOO?
IMCV has an expense ratio of 0.06% while VOO charges 0.03%. VOO is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, IMCV or VOO?
Over the past year IMCV returned +21.97% vs +17.55% for VOO, so IMCV leads on 1-year performance. Over the longest common window we track (16 years), IMCV annualized +10.28% vs +13.40% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IMCV or VOO?
IMCV has been the more volatile fund at 16.5% annualized versus 14.1% for VOO. Worst drawdown: IMCV -46.3% vs VOO -34.3%.
Should I hold both IMCV and VOO?
IMCV and VOO have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IMCV and VOO?
90.4% of IMCV's money is in holdings VOO also owns. 13.7% of VOO's is in holdings IMCV also owns. They hold 225 positions in common, counted across the 270 positions we hold weights for in IMCV and 504 in VOO.
Which pays a higher dividend, IMCV or VOO?
IMCV yields 1.99% while VOO yields 1.06%, so IMCV currently pays the higher dividend yield.
Is VOO better than IMCV?
VOO has a lower expense ratio. IMCV led over 1Y, VOO over 3Y, 5Y and the full window. IMCV is less concentrated, with 13.2% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.