IVV vs MCR
IVV vs MCR
iShares Core S&P 500 ETF vs MFS Charter Income Trust
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. MCR offers more diversification with 549 holdings.
Side-by-Side Comparison
| Metric | IVV | MCR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.02% | |
| AUM | $865.2B | $270M | |
| Dividend Yield | 1.09% | 8.17% | |
| Holdings | 508 | 1,076 | |
| YTD Return | +9.93% | -0.55% | |
| 1Y Return | +19.59% | +3.59% | |
| 3Y Return (annualized) | +19.41% | +7.80% | |
| 5Y Return (annualized) | +12.89% | +0.97% | |
| Volatility (annualized) | 15.1% | 10.2% | |
| Max Drawdown | -56.5% | -45.2% | |
| Fund Family | iShares by BlackRock (US) | MFS Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jul 20, 1989 |
IVV vs MCR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and MFS Charter Income Trust (MCR) is a ETF from MFS Investment Management. Over the past year IVV returned +19.59% while MCR returned +3.59%. Year to date, IVV is up 9.93% versus a loss of 0.55% for MCR.
Over three years, IVV compounded at +19.41% per year against +7.80% for MCR; over five years the annualized figures are +12.89% and +0.97% respectively. Across the full 26-year window we track, IVV has the edge at +6.91% annualized vs +0.16%. 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 10.2% for MCR. 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 -45.2% for MCR. 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 MCR charges 1.02%. On a $10,000 position that is $3 vs $102 annually, a gap of $99 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.17% for MCR.
Holdings Overlap
IVV and MCR share 0 holdings out of 1054 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 MCR?
IVV has an expense ratio of 0.03% while MCR charges 1.02%. IVV is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, IVV or MCR?
Over the past year IVV returned +19.59% vs +3.59% for MCR, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.91% vs +0.16% for MCR. Past performance does not guarantee future results.
Which is riskier, IVV or MCR?
IVV has been the more volatile fund at 15.1% annualized versus 10.2% for MCR. Worst drawdown: IVV -56.5% vs MCR -45.2%.
Should I hold both IVV and MCR?
IVV and MCR 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 MCR?
IVV and MCR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1054 unique securities.
Which pays a higher dividend, IVV or MCR?
IVV yields 1.09% while MCR yields 8.17%, so MCR currently pays the higher dividend yield.
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