IVV vs MAGG
IVV vs MAGG
iShares Core S&P 500 ETF vs Madison Aggregate Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MAGG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.36% | |
| AUM | $865.2B | $66M | |
| Dividend Yield | 1.09% | 4.75% | |
| Holdings | 508 | 219 | |
| YTD Return | +9.93% | -0.57% | |
| 1Y Return | +19.59% | +2.99% | |
| 3Y Return (annualized) | +19.41% | +4.38% | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.1% | 5.3% | |
| Max Drawdown | -56.5% | -4.6% | |
| Fund Family | iShares by BlackRock (US) | Madison Funds | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Aug 28, 2023 |
IVV vs MAGG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Madison Aggregate Bond ETF (MAGG) is a ETF from Madison Funds. Over the past year IVV returned +19.59% while MAGG returned +2.99%. Year to date, IVV is up 9.93% versus a loss of 0.57% for MAGG.
Over three years, IVV compounded at +19.41% per year against +4.38% for MAGG. Across the full 3-year window we track, IVV has the edge at +6.91% annualized vs +4.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.3% for MAGG. 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 -4.6% for MAGG. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MAGG charges 0.36%. On a $10,000 position that is $3 vs $36 annually, a gap of $33 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 4.75% for MAGG.
Holdings Overlap
IVV and MAGG share 0 holdings out of 650 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 MAGG?
IVV has an expense ratio of 0.03% while MAGG charges 0.36%. IVV is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, IVV or MAGG?
Over the past year IVV returned +19.59% vs +2.99% for MAGG, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +6.91% vs +4.38% for MAGG. Past performance does not guarantee future results.
Which is riskier, IVV or MAGG?
IVV has been the more volatile fund at 15.1% annualized versus 5.3% for MAGG. Worst drawdown: IVV -56.5% vs MAGG -4.6%.
Should I hold both IVV and MAGG?
IVV and MAGG have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MAGG?
IVV and MAGG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 650 unique securities.
Which pays a higher dividend, IVV or MAGG?
IVV yields 1.09% while MAGG yields 4.75%, so MAGG currently pays the higher dividend yield.
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