IVV vs MMT
IVV vs MMT
iShares Core S&P 500 ETF vs MFS Multimarket Income Trust
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. MMT offers more diversification with 547 holdings.
Side-by-Side Comparison
| Metric | IVV | MMT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.17% | |
| AUM | $865.2B | $266M | |
| Dividend Yield | 1.09% | 8.21% | |
| Holdings | 508 | 920 | |
| YTD Return | +9.93% | -2.09% | |
| 1Y Return | +19.59% | +1.48% | |
| 3Y Return (annualized) | +19.41% | +7.20% | |
| 5Y Return (annualized) | +12.89% | +1.36% | |
| Volatility (annualized) | 15.1% | 10.8% | |
| Max Drawdown | -56.5% | -47.7% | |
| Fund Family | iShares by BlackRock (US) | MFS Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 12, 1987 |
IVV vs MMT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and MFS Multimarket Income Trust (MMT) is a ETF from MFS Investment Management. Over the past year IVV returned +19.59% while MMT returned +1.48%. Year to date, IVV is up 9.93% versus a loss of 2.09% for MMT.
Over three years, IVV compounded at +19.41% per year against +7.20% for MMT; over five years the annualized figures are +12.89% and +1.36% respectively. Across the full 26-year window we track, IVV has the edge at +6.91% annualized vs +0.23%. 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 10.8% for MMT. 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 -47.7% for MMT. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MMT charges 1.17%. On a $10,000 position that is $3 vs $117 annually, a gap of $114 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 8.21% for MMT.
Holdings Overlap
IVV and MMT share 0 holdings out of 1052 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 MMT?
IVV has an expense ratio of 0.03% while MMT charges 1.17%. IVV is the cheaper option. On a $10,000 investment, that is $114 per year of difference.
Which performed better, IVV or MMT?
Over the past year IVV returned +19.59% vs +1.48% for MMT, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.91% vs +0.23% for MMT. Past performance does not guarantee future results.
Which is riskier, IVV or MMT?
IVV has been the more volatile fund at 15.1% annualized versus 10.8% for MMT. Worst drawdown: IVV -56.5% vs MMT -47.7%.
Should I hold both IVV and MMT?
IVV and MMT have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MMT?
IVV and MMT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1052 unique securities.
Which pays a higher dividend, IVV or MMT?
IVV yields 1.09% while MMT yields 8.21%, so MMT currently pays the higher dividend yield.
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