IVV vs MBS
IVV vs MBS
iShares Core S&P 500 ETF vs Angel Oak Mortgage-Backed Securities 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 | MBS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.49% | |
| AUM | $865.2B | $148M | |
| Dividend Yield | 1.09% | 5.12% | |
| Holdings | 508 | 126 | |
| YTD Return | +13.13% | +0.32% | |
| 1Y Return | +22.90% | +3.89% | |
| 3Y Return (annualized) | +21.08% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 4.6% | |
| Max Drawdown | -56.5% | -4.1% | |
| Fund Family | iShares by BlackRock (US) | Angel Oak Capital Advisors | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 20, 2024 |
IVV vs MBS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Angel Oak Mortgage-Backed Securities ETF (MBS) is a ETF from Angel Oak Capital Advisors. Over the past year IVV returned +22.90% while MBS returned +3.89%. Year to date, IVV is up 13.13% versus a gain of 0.32% for MBS.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.6% for MBS. 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 -4.1% for MBS. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MBS charges 0.49%. On a $10,000 position that is $3 vs $49 annually, a gap of $46 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.12% for MBS.
Holdings Overlap
IVV and MBS share 0 holdings out of 523 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 MBS?
IVV has an expense ratio of 0.03% while MBS charges 0.49%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, IVV or MBS?
Over the past year IVV returned +22.90% vs +3.89% for MBS, so IVV leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.02% vs +5.73% for MBS. Past performance does not guarantee future results.
Which is riskier, IVV or MBS?
IVV has been the more volatile fund at 15.1% annualized versus 4.6% for MBS. Worst drawdown: IVV -56.5% vs MBS -4.1%.
Should I hold both IVV and MBS?
IVV and MBS have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MBS?
IVV and MBS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, IVV or MBS?
IVV yields 1.09% while MBS yields 5.12%, so MBS currently pays the higher dividend yield.
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