IVV vs MGV
IVV vs MGV
iShares Core S&P 500 ETF vs Vanguard Mega Cap Value ETF
Quick Verdict
IVV has a lower expense ratio. MGV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MGV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.05% | |
| AUM | $865.2B | $13.2B | |
| Dividend Yield | 1.09% | 2.26% | |
| Holdings | 508 | 123 | |
| YTD Return | +13.31% | +18.07% | |
| 1Y Return | +24.00% | +30.29% | |
| 3Y Return (annualized) | +21.16% | +18.64% | |
| 5Y Return (annualized) | +13.34% | +13.17% | |
| Volatility (annualized) | 15.1% | 15.3% | |
| Max Drawdown | -56.5% | -57.5% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 17, 2007 |
IVV vs MGV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Vanguard Mega Cap Value ETF (MGV) is a ETF from Vanguard (US). Over the past year IVV returned +24.00% while MGV returned +30.29%. Year to date, IVV is up 13.31% versus a gain of 18.07% for MGV.
Over three years, IVV compounded at +21.16% per year against +18.64% for MGV; over five years the annualized figures are +13.34% and +13.17% respectively. Across the full 19-year window we track, MGV has the edge at +7.35% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGV has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.1% for IVV. 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 -57.5% for MGV. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while MGV charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.26% for MGV.
Holdings Overlap
IVV and MGV share 117 holdings out of 511 unique holdings combined, representing a 34.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MGV | Difference |
|---|---|---|---|
| MU | 1.69% | 6.14% | 4.45% |
| JPM | 1.43% | 3.86% | 2.43% |
| BRK.B | 1.39% | 3.32% | 1.93% |
| JNJ | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
See all 10 holdings IVV shares with MGV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or MGV?
IVV has an expense ratio of 0.03% while MGV charges 0.05%. IVV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, IVV or MGV?
Over the past year IVV returned +24.00% vs +30.29% for MGV, so MGV leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.03% vs +7.35% for MGV. Past performance does not guarantee future results.
Which is riskier, IVV or MGV?
MGV has been the more volatile fund at 15.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MGV -57.5%.
Should I hold both IVV and MGV?
IVV and MGV have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and MGV?
IVV and MGV share 117 common holdings with a 34.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, IVV or MGV?
IVV yields 1.09% while MGV yields 2.26%, so MGV currently pays the higher dividend yield.
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