IVV vs MMLG
IVV vs MMLG
iShares Core S&P 500 ETF vs First Trust Multi-Manager Large Growth 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 | MMLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.85% | |
| AUM | $865.2B | $95M | |
| Dividend Yield | 1.09% | 0.00% | |
| Holdings | 508 | 75 | |
| YTD Return | +13.80% | +5.70% | |
| 1Y Return | +23.70% | +15.59% | |
| 3Y Return (annualized) | +21.49% | +21.54% | |
| 5Y Return (annualized) | +13.43% | +8.42% | |
| Volatility (annualized) | 15.1% | 21.3% | |
| Max Drawdown | -56.5% | -46.0% | |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 20, 2020 |
IVV vs MMLG Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and First Trust Multi-Manager Large Growth ETF (MMLG) is a ETF from First Trust Portfolios (US). Over the past year IVV returned +23.70% while MMLG returned +15.59%. Year to date, IVV is up 13.80% versus a gain of 5.70% for MMLG.
Over three years, IVV compounded at +21.49% per year against +21.54% for MMLG; over five years the annualized figures are +13.43% and +8.42% respectively. Across the full 6-year window we track, MMLG has the edge at +11.29% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MMLG has been the more volatile fund, with annualized monthly volatility of 21.3% 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 -46.0% for MMLG. 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 0.90. 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 MMLG charges 0.85%. On a $10,000 position that is $3 vs $85 annually, a gap of $82 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for MMLG.
Holdings Overlap
IVV and MMLG share 56 holdings out of 525 unique holdings combined, representing a 41.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in MMLG | Difference |
|---|---|---|---|
| NVDA | 7.76% | 12.60% | 4.84% |
| AAPL | 7.44% | 4.14% | 3.30% |
| GOOGL | 3.15% | 6.30% | 3.15% |
| MSFT | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
See all 10 holdings IVV shares with MMLG 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 MMLG?
IVV has an expense ratio of 0.03% while MMLG charges 0.85%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, IVV or MMLG?
Over the past year IVV returned +23.70% vs +15.59% for MMLG, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +7.05% vs +11.29% for MMLG. Past performance does not guarantee future results.
Which is riskier, IVV or MMLG?
MMLG has been the more volatile fund at 21.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MMLG -46.0%.
Should I hold both IVV and MMLG?
IVV and MMLG have a monthly-return correlation of 0.90, 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 MMLG?
IVV and MMLG share 56 common holdings with a 41.9% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, IVV or MMLG?
IVV yields 1.09% while MMLG yields 0.00%, so IVV currently pays the higher dividend yield.
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