IVV vs JMTG
IVV vs JMTG
iShares Core S&P 500 ETF vs JPMorgan Mortgage-Backed Securities ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. JMTG offers more diversification with 893 holdings.
Side-by-Side Comparison
| Metric | IVV | JMTG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.24% | |
| AUM | $865.2B | $6.8B | |
| Dividend Yield | 1.09% | 1.05% | |
| Holdings | 508 | 2,513 | |
| YTD Return | +13.31% | +0.53% | |
| 1Y Return | +24.00% | +3.68% | |
| 3Y Return (annualized) | +21.16% | - | |
| 5Y Return (annualized) | +13.34% | - | |
| Volatility (annualized) | 15.1% | 3.5% | |
| Max Drawdown | -56.5% | -2.8% | |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jun 27, 2025 |
IVV vs JMTG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and JPMorgan Mortgage-Backed Securities ETF (JMTG) is a ETF from J.P. Morgan Asset Management. Over the past year IVV returned +24.00% while JMTG returned +3.68%. Year to date, IVV is up 13.31% versus a gain of 0.53% for JMTG.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.5% for JMTG. 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 -56.5% for IVV and -2.8% for JMTG. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while JMTG charges 0.24%. On a $10,000 position that is $3 vs $24 annually, a gap of $21 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.05% for JMTG.
Holdings Overlap
IVV and JMTG share 0 holdings out of 1398 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JMTG?
IVV has an expense ratio of 0.03% while JMTG charges 0.24%. IVV is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, IVV or JMTG?
Over the past year IVV returned +24.00% vs +3.68% for JMTG, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.03% vs +3.90% for JMTG. Past performance does not guarantee future results.
Which is riskier, IVV or JMTG?
IVV has been the more volatile fund at 15.1% annualized versus 3.5% for JMTG. Worst drawdown: IVV -56.5% vs JMTG -2.8%.
Should I hold both IVV and JMTG?
IVV and JMTG have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JMTG?
IVV and JMTG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1398 unique securities.
Which pays a higher dividend, IVV or JMTG?
IVV yields 1.09% while JMTG yields 1.05%, so IVV currently pays the higher dividend yield.
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