IVV vs MGF
IVV vs MGF
iShares Core S&P 500 ETF vs Aberdeen Government Markets Income Fund
Quick Verdict
IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MGF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | - | |
| AUM | $865.2B | $99M | |
| Dividend Yield | 1.09% | 7.50% | |
| Holdings | 508 | 456 | |
| YTD Return | +13.52% | -1.94% | |
| 1Y Return | +23.63% | -1.43% | |
| 3Y Return (annualized) | +21.26% | +3.71% | |
| 5Y Return (annualized) | +13.52% | -1.34% | |
| Volatility (annualized) | 15.1% | 8.1% | |
| Max Drawdown | -56.5% | -55.5% | |
| Fund Family | iShares by BlackRock (US) | Aberdeen Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | May 28, 1987 |
IVV vs MGF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Aberdeen Government Markets Income Fund (MGF) is a ETF from Aberdeen Asset Management. Over the past year IVV returned +23.63% while MGF returned -1.43%. Year to date, IVV is up 13.52% versus a loss of 1.94% for MGF.
Over three years, IVV compounded at +21.26% per year against +3.71% for MGF; over five years the annualized figures are +13.52% and -1.34% respectively. Across the full 26-year window we track, IVV has the edge at +7.04% annualized vs -1.30%. 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 8.1% for MGF. 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 -55.5% for MGF. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
IVV and MGF share 0 holdings out of 683 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, IVV or MGF?
Over the past year IVV returned +23.63% vs -1.43% for MGF, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.04% vs -1.30% for MGF. Past performance does not guarantee future results.
Which is riskier, IVV or MGF?
IVV has been the more volatile fund at 15.1% annualized versus 8.1% for MGF. Worst drawdown: IVV -56.5% vs MGF -55.5%.
Should I hold both IVV and MGF?
IVV and MGF have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MGF?
IVV and MGF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 683 unique securities.
Which pays a higher dividend, IVV or MGF?
IVV yields 1.09% while MGF yields 7.50%, so MGF currently pays the higher dividend yield.
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