IVV vs MULT
IVV vs MULT
iShares Core S&P 500 ETF vs Franklin Multisector Income 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 | MULT | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $15M | |
| Dividend Yield | 1.09% | 2.61% | |
| Holdings | 508 | 278 | |
| YTD Return | +13.52% | +1.04% | |
| 1Y Return | +23.63% | +3.13% | |
| 3Y Return (annualized) | +21.26% | - | |
| 5Y Return (annualized) | +13.52% | - | |
| Volatility (annualized) | 15.1% | 1.9% | |
| Max Drawdown | -56.5% | -1.7% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Aug 26, 2025 |
IVV vs MULT Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Franklin Multisector Income ETF (MULT) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +23.63% while MULT returned +3.13%. Year to date, IVV is up 13.52% versus a gain of 1.04% for MULT.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.9% for MULT. 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 -1.7% for MULT. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MULT charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 2.61% for MULT.
Holdings Overlap
IVV and MULT share 0 holdings out of 682 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 MULT?
IVV has an expense ratio of 0.03% while MULT charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or MULT?
Over the past year IVV returned +23.63% vs +3.13% for MULT, so IVV leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, IVV or MULT?
IVV has been the more volatile fund at 15.1% annualized versus 1.9% for MULT. Worst drawdown: IVV -56.5% vs MULT -1.7%.
Should I hold both IVV and MULT?
IVV and MULT have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MULT?
IVV and MULT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 682 unique securities.
Which pays a higher dividend, IVV or MULT?
IVV yields 1.09% while MULT yields 2.61%, so MULT currently pays the higher dividend yield.
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