IMCV vs IVV
IMCV vs IVV
iShares Morningstar Mid-Cap Value ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IMCV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IMCV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.03% | |
| AUM | $1.1B | $865.2B | |
| Dividend Yield | 1.89% | 1.09% | |
| Holdings | 275 | 508 | |
| YTD Return | +16.11% | +9.93% | |
| 1Y Return | +26.42% | +19.59% | |
| 3Y Return (annualized) | +15.78% | +19.41% | |
| 5Y Return (annualized) | +10.97% | +12.89% | |
| Volatility (annualized) | 17.7% | 15.1% | |
| Max Drawdown | -66.5% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2004 | May 15, 2000 |
IMCV vs IVV Performance
iShares Morningstar Mid-Cap Value ETF (IMCV) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IMCV returned +26.42% while IVV returned +19.59%. Year to date, IMCV is up 16.11% versus a gain of 9.93% for IVV.
Over three years, IMCV compounded at +15.78% per year against +19.41% for IVV; over five years the annualized figures are +10.97% and +12.89% respectively. Across the full 22-year window we track, IMCV has the edge at +7.95% annualized vs +6.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMCV has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 15.1% for IVV. 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 -66.5% for IMCV and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IMCV charges 0.06% per year while IVV 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 1.89% against 1.09% for IVV.
Holdings Overlap
IMCV and IVV share 229 holdings out of 547 unique holdings combined, representing a 13.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IMCV | Weight in IVV | Difference |
|---|---|---|---|
| PNC | 1.46% | 0.16% | 1.30% |
| USB | 1.40% | 0.15% | 1.25% |
| ADP | 1.38% | 0.15% | 1.23% |
| ELV | Pro | Pro | Pro |
| MMM | Pro | Pro | Pro |
| UPS | Pro | Pro | Pro |
| VLO | Pro | Pro | Pro |
| MDLZ | Pro | Pro | Pro |
| CI | Pro | Pro | Pro |
| TRV | Pro | Pro | Pro |
See all 10 holdings IMCV shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IMCV or IVV?
IMCV has an expense ratio of 0.06% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, IMCV or IVV?
Over the past year IMCV returned +26.42% vs +19.59% for IVV, so IMCV leads on 1-year performance. Over the longest common window we track (22 years), IMCV annualized +7.95% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, IMCV or IVV?
IMCV has been the more volatile fund at 17.7% annualized versus 15.1% for IVV. Worst drawdown: IMCV -66.5% vs IVV -56.5%.
Should I hold both IMCV and IVV?
IMCV and IVV have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IMCV and IVV?
IMCV and IVV share 229 common holdings with a 13.9% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, IMCV or IVV?
IMCV yields 1.89% while IVV yields 1.09%, so IMCV currently pays the higher dividend yield.
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