IVV vs MPRO
IVV vs MPRO
iShares Core S&P 500 ETF vs Monarch ProCap Index 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 | MPRO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.07% | |
| AUM | $865.2B | $258M | |
| Dividend Yield | 1.09% | 1.50% | |
| Holdings | 508 | 11 | |
| YTD Return | +13.52% | +6.24% | |
| 1Y Return | +23.63% | +9.18% | |
| 3Y Return (annualized) | +21.26% | +9.28% | |
| 5Y Return (annualized) | +13.52% | +5.32% | |
| Volatility (annualized) | 15.1% | 9.7% | |
| Max Drawdown | -56.5% | -14.5% | |
| Fund Family | iShares by BlackRock (US) | Monarch Funds | |
| Category | Equity | Allocation/Balanced | |
| Inception | May 15, 2000 | Mar 23, 2021 |
IVV vs MPRO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Monarch ProCap Index ETF (MPRO) is a ETF from Monarch Funds. Over the past year IVV returned +23.63% while MPRO returned +9.18%. Year to date, IVV is up 13.52% versus a gain of 6.24% for MPRO.
Over three years, IVV compounded at +21.26% per year against +9.28% for MPRO; over five years the annualized figures are +13.52% and +5.32% respectively. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs +6.43%. 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 9.7% for MPRO. 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 -14.5% for MPRO. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while MPRO charges 1.07%. On a $10,000 position that is $3 vs $107 annually, a gap of $104 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.50% for MPRO.
Holdings Overlap
IVV and MPRO share 0 holdings out of 513 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 MPRO?
IVV has an expense ratio of 0.03% while MPRO charges 1.07%. IVV is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, IVV or MPRO?
Over the past year IVV returned +23.63% vs +9.18% for MPRO, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.04% vs +6.43% for MPRO. Past performance does not guarantee future results.
Which is riskier, IVV or MPRO?
IVV has been the more volatile fund at 15.1% annualized versus 9.7% for MPRO. Worst drawdown: IVV -56.5% vs MPRO -14.5%.
Should I hold both IVV and MPRO?
IVV and MPRO have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MPRO?
IVV and MPRO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or MPRO?
IVV yields 1.09% while MPRO yields 1.50%, so MPRO currently pays the higher dividend yield.
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